Your example is so obviously flawed, it's no wonder you have trouble with these concepts. When you say "making it $2,000" you switch from talking about utility to valuation.
I never claimed the valuation of a sat is the same as the valuation of a BTC. I said the utility of a sat is the same as the utility of a BTC.
Which makes the SAT the fundamental "unit" of Bitcoin, and the BTC simply a collective noun for 100,000,000 units.
The number of units is not 21M but 2 quadrillion 100 trillion.
Lysander Spooner /
npub1av…qmfgw
2023-03-15 00:35:30
in reply to nevent1q…fdp3
Author Public Key
npub1avmz5jk4c409lupvak5ra244m06w30s840kz2c2mkt37h0lhh4sskqmfgwPublished at
2023-03-15 00:35:30Event JSON
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"content": "Your example is so obviously flawed, it's no wonder you have trouble with these concepts. When you say \"making it $2,000\" you switch from talking about utility to valuation. \n\nI never claimed the valuation of a sat is the same as the valuation of a BTC. I said the utility of a sat is the same as the utility of a BTC. \n\nWhich makes the SAT the fundamental \"unit\" of Bitcoin, and the BTC simply a collective noun for 100,000,000 units.\n\nThe number of units is not 21M but 2 quadrillion 100 trillion.",
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