Another reason accounting in bits might be a good mental model:

Assuming 4-5 million bitcoin lost against the current supply: this gives about 14 million spendable btc. Market cap of gold is 13 trillion. 13 trillion / 14 million is about 930k (lets say approximately 1 million).

Therefore if bitcoin is as valuable as gold (reasonable exchange pricing method?) then 1 bit is a good mental substitute for $1, 1 sat is a cent.

Who knows, maybe bitcoin will never be as valuable as gold, but it’s hard to see how that would be the case. It should be worth more given the fact its *unconfiscatable, teleportable, mathematically scarce programmable money in cyberspace enforced by the laws of physics* but what do i know.

Another reason accounting in bits might be a good mental model:

Assuming 4-5 million bitcoin lost against the current supply: this gives about 14 million spendable btc. Market cap of gold is 13 trillion. 13 trillion / 14 million is about 930k (lets say approximately 1 million).

Therefore if bitcoin is as valuable as gold (reasonable exchange pricing method?) then 1 bit is a good mental substitute for $1, 1 sat is a cent.

Who knows, maybe bitcoin will never be as valuable as gold, but it’s hard to see how that would be the case. It should be worth more given the fact its *unconfiscatable, teleportable, mathematically scarce programmable money in cyberspace enforced by the laws of physics* but what do i know.

Uma pessoa te pergunta: "quero travar os preços dos meus bitcoins em fiat num determinado patamar de maneira descentralizada, sem KYC e sem perder minha auto-custódia, como faço?"

O que você responde?

🇺🇸 US Senator Elizabeth Warren: Bitcoin and crypto needs to shut down because it's funding fentanyl trade

#Bitcoin: No, that is fiat

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