corndalorian on Nostr: People will say “1 sat = 1 sat” until they’re faced with how much time and ...
People will say “1 sat = 1 sat” until they’re faced with how much time and energy it takes to save up 100M of them. The people who throw that catchphrase around confuse Bitcoin’s rigid monetary policy with real world purchasing power. Within the Bitcoin protocol, 1 sat = 1 sat. In real world purchasing power, 1 sat = something very different today vs. what it meant 10 years ago vs. what it will mean 10 years from now.
Published at
2024-12-05 19:43:11Event JSON
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"content": "People will say “1 sat = 1 sat” until they’re faced with how much time and energy it takes to save up 100M of them. The people who throw that catchphrase around confuse Bitcoin’s rigid monetary policy with real world purchasing power. Within the Bitcoin protocol, 1 sat = 1 sat. In real world purchasing power, 1 sat = something very different today vs. what it meant 10 years ago vs. what it will mean 10 years from now. ",
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