Lysander Spooner on Nostr: Never said you did. You maxis are so economically astute you can't tell the ...
Never said you did. You maxis are so economically astute you can't tell the difference between utility and valuation.
The cent is the indivisible, fundamental unit of USD.
USD is then simply a collective noun for "100 cents".
There are 1.5 trillion USD aka "150 trillion cents" in total circulation.
The sat is the indivisible, fundamental unit of BTC.
BTC is then simply a collective noun for "100 million sats".
There will be 21 million BTC aka "2100 trillion sats" in total circulation.
There will be 14 X more sats than we have cents in circulation.
Published at
2023-03-15 00:46:15Event JSON
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"content": "Never said you did. You maxis are so economically astute you can't tell the difference between utility and valuation.\n\nThe cent is the indivisible, fundamental unit of USD.\nUSD is then simply a collective noun for \"100 cents\".\nThere are 1.5 trillion USD aka \"150 trillion cents\" in total circulation.\n\nThe sat is the indivisible, fundamental unit of BTC.\nBTC is then simply a collective noun for \"100 million sats\".\nThere will be 21 million BTC aka \"2100 trillion sats\" in total circulation.\n\nThere will be 14 X more sats than we have cents in circulation.",
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