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Neal
2ae6c71323a225ecfa8cf655600ebbe12b1019ff36bf02726d82d095aab29729
Canadian libertarian trucker catering to the metal recycling industry while driving myself.

GM , have yourselves a great day!

GM, it's Friday and I'm happy to be on Nostr!

A fad that existed prior to the agricultural fad.

That's the one I'm using.

neal@minibits.cash

Learning question about #bitcoin

If the goal is for #btc to not just be sold (store of value) but to be spent (currency, or stated better imho, medium of exchange of value)

This means we have to shift from converting BTC > USD (fiat)… to 1 BTC = 1 BTC

Meaning we have to stop measuring things in fiat values and instead measure (aka price) in satoshis (sats)

This is a huge mindshift and one that I think will take time for many, let along the masses.

It would sort of be like traveling to a country whose prices are denominated in EUR but I transact in USD…my brain struggles to convert or compare the cost in EUR vs USD

(Bear with me I’m getting to my question, but the ground work I laid is important (if I’m understanding things correctly)

So then…if we continue to measure products and services in both fiat and sats,

Q1. will we not just inflate Bitcoin despite its deflationary nature?

Example (using an arbitrary price choice) :

An apple is $2 or 10k sats

If BTC is at $100k USD (fiat value)

And it goes up to $200k, which in essence means the $2 Apple now costs $4;

Q2. would not the sats also have to double to 20k for an Apple? (And therefore pricing things in BTC is also inflationary?

The exception to this would be in the parties transacting truly think only in sats and eliminate any comparison/conversion to fiat

But that is a major #economics mind shift because “what is the value of something (especially in sats)? Like how are thing actually priced in the world beside me just saying “I think this is worth $X”

Ok…I’m starting to ramble so I will stop.

Merely trying to close the loop in my head on how setting prices in sats will also not be inflationary.

(In the equities market price is set essentially by liquidity. The more liquid an underlying is, the tighter the price spread is…that may be part of my answer…the more people that transact in sats; the more efficient pricing becomes…but I don’t think that addresses all of my question)

[apology for rambling…trying to succinctly communicate my thoughts to help attain an answer]

in the simplest of exchange value "energy time is money". price discovery in Sats will emerge through human trade exchange actions over time. 1 (one) second of human / energy time will gain increasing Sats values. prices in Sats will be based on what value the buyer is willing to offer and what the seller is willing to accept.

Gm, it's road time. Have a good day with traffic.

As a Canadian Trucker, I truly understand this message. I acquired my first Bitcoin wallet and coins in 2014. Don't hold 0 BTC is suggested.

nostr:note1jrs5f3s0faxpn7a04642c246kkknvah9dgv9s245am6pq06h2rksj47yel

GM, allocating some limited time engaging and learning about this Nostr protocol as a simple ignorant, naive, non-technical user. I offer my thanks to you for offering your relay suggestions. I added them to my Primal settings. I'm denied as a Canadian to access the Primal wallet. I somehow added the Wallot of Satoshi to receive zaps but I cannot figure out how to give zaps such as to you for posting your valuable note. Then, I go to go out and take care of physical chores. Have a great day.

based on my experience as a medical patient, I must agree with your statement.

Ranching, conventional or regenerative, is incompatible with wildlife. Meat production requires deforestation, fencing and predator extermination to protect grazers from harm so that they can be profitably sold.

"To protect their cows from predators and disease, or simply to ensure that they have access to food and water, ranchers across the country have supported wolf hunts, vulture and wild horse culls, and the deployment of cyanide bombs." - The Myth of Regenerative Cattle Grazing | The New Republic

"It is difficult to count the number of wild animals killed in the service of ranching interests by government bodies [...], but about a million animals per year is the federal government’s own estimate." - The Myth of Regenerative Cattle Grazing | The New Republic

There are also the other wildlife death cause by the destruction of the habitat, reduction of food and water sources, and pollution caused by meat production.

White Oak Pastures grazing methods require 2.5 times more land than conventional meat production. More regenerative meat means less wildlife.

To answer your question, meat production is way worst than plant production when it comes to violence and death to animals. Meat production also negatively impact wildlife and ecosystems' heath and diversity.

So yes, plant production is superior.

https://newrepublic.com/article/163735/myth-regenerative-ranching

https://theproof.com/regenerative-beef-legit-or-climate-scam-george-monbiot/

https://theproof.com/is-grass-fed-beef-good-for-our-planet/

https://theproof.com/can-holistic-grazing-reverse-climate-change-a-review-of-kiss-the-ground/

isn't great that you have support for your beliefs. it is what it is, more prey, less predators, more humans.

thanks to nostr:npub1kv5hsvm97l0xasf6z3n4658kg9regdrgtsqepgr0whuyysxzqldsyjrdaw for offering access to this BTC movie.

https://yakihonne.com/videos/naddr1qq2kxwtrv96xuk23vdjn2ntxveq4v5tj2a3kzq3qkv5hsvm97l0xasf6z3n4658kg9regdrgtsqepgr0whuyysxzqldsxpqqqzzmk3pcpzs

Hi Harry, My Bitcoin story is insignificant. As a student of money since Economics 101 in college, I have held a small physical position in gold and silver coins. I kept following the gold bug community for over 20 years, when an article stated that the Libertarian Party of Canada endorsed the option of people to use gold as money. I quickly sought, joined and represented the Party as a candidate in the 2011 general federal election. In 2014, while attending the Party's national convention, another member introduced me to Bitcoin. He guided me to Blockchain and I obtained my first wallet. During the lunch break, we went to a local pub having a Bitcoin teller machine and I acquired $100 CAD of BTC. I have watched that value increase as I gave BTC values to other individuals that I influenced to accept as potential internet money. Time has been good to both physical and non-physical forms of money. Like I said, my BTC story is not worth much attention.