Economic realities change and things do in fact get cheaper thanks to technological progress or get more expensive due to the one or other scarcity.

Someone posted a graph of cocoa prices that went up 4x over 12 months so there's that. But these things average out a lot and overall change slowly. The technology for brewing beer is buy and large static so there's no reason for prices to change.

No currency has to be perfectly stable, we'll all do planning to the extent that the given stability allows. But your currency that you are proposing has to be as stable or more stable than the one people are using otherwise people won't use it. There is a market of currencies and they compete on stability.

Fiat has mechanisms that grow or shrink the money supply in accordance with a growing or shrinking economy, that's what makes fiat prices somewhat stable. Bitcoin has no mechanism like that and therefore no chance at all to begin with.

If you want to make a more stable currency that can compete in the financial market, then find a better mechanism that can grow and shrink the supply than the one we have.

Not being able to buy ropes for Bitcoin is what keeps cointards from hanging themselves.

Why would I want the price to remain the same? Because everyone needs to plan financially. You need to estimate your future income and your future expenses and make sure the one covers the other.

Prices falling benefits the spender but for every spender there is an earner somewhere. I don't know how you earn, maybe you earn wages, if wages, the price for your labor, is prone to fall in the future, you have to reduce your economic activity.

The only way an economy gets going is through price stability.

Don't scare the peasants with attempts at subtlety.

I'd like to make my own FIFO2 USB dongles and am thinking along the same lines.

Can't make my own chips for the time being (although https://www.bunniestudios.com/blog/page/9/ and https://www.crowdsupply.com/sutajio-kosagi/precursor) so it's about doing what's possible with off-the-shelf microcontrollers.

Price stability in relation to products and services. You see a pint of beer on offer for x satoshis, a year later the price is still the same.

With fiat in civilized countries, this is currently true within a few percent, can you do better in BTC? You cannot.

There are zero businesses currently that earn & spend in BTC to a significant proportion. The BTC economy is zero.

Please @linaseiche while you're at it can you also make some cocksucker emojis for the same target audience

Now that Satoshi is gone we can just ascribe to him anything we like.

There is no chance to ever use BTC for any economy because of the inability to control money in circulation and adapt it to the size of a growing or shrinking economy, and achieve price stability.

That's why a Bitcoin economy has not emerged in 15 years, not become of any conspiracy.

It only has value if you sell it for fiat.

Thanks, do you want to document the meddling or should we leave it with the cutesy cartoon.

*dies

Reminder: He who does owning the most Bitcoin wins.

Sorry you can't say that the Swiss Franc is very stable, that would make Bitcoin look bad and fiat look good.

Instead remind people that the Swiss central bank has all the money like King Ahab and is scheming to ruin people's life by putting it all in circulation.

nostr:note1wev6raezusz7ct3swmk4gvawpl9qvzf5pevnqax2sh8hn9c8a94qyq4ej0

So what do we do, how far back does the violence have to have occurred to be "legit" or "forgotten". Currently we see the Russians, the Ukrainians, the Israelis and the Palestinians dig out various maps from various times in the past that show all sorts of things, each one in their favor.

It seems that there is some sort of consensus by the "international community" whoever that is that draws the line post WW2 1950-ish and those are the official borders now and they stay forever.

Seems pretty arbitrary to me.

No, but you need to count/account for it somehow. Having a stash of $50,000 accounts for itself because everything else is accounted for in dollars.

If BTC wants to stand on its own other things would have to be accounted for in BTC but they aren't. That will never happen because the price of anything in BTC will never be stable.

I would have to be able to look at a Kagi subscription quoted in sats and go like "oh that's like 2 cups of coffee" but the price of coffee in sats and the prices of Kagi in sats will always fluctuate wildly.

Public key cryptography

Oooh .... fiat meat ❤️😀

Some solid technical reasoning here.

decommoditize ... 🤡