Robert Catesby on Nostr: nostr:note10tzz4rgxcyee5myq7j5aypam4tznd6ph725jvvf4ysyzx94jnhpqg5qctp

quoting note10tz…qctp

It’s too early to think in satoshis because of BTC-USD volatility and the fact that we all pay our bills and buy groceries in our country’s local FRNs, and you’re right to see fault in this, but the BTC-USD ratio says something about both currencies, and a rising bitcoin price could actually just be a dropping dollar price. One day the price of bitcoin will stabilize, and at that event horizon things will start being priced in satoshis, but the BTC-USD ratio will still exist, it’s just that people will think about it oppositely then, and just look at how many dollars a bitcoin gets you, watching that number go up and down, while goods with basically stable market prices will be priced in satoshis, and that number will stay stable under your cereal box at the grocery store.