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19 sats is a good zap too! ⚡️⚡️⚡️
I don’t measure value in fiat terms. I define Bitcoin as value as per measurement of account. So 21sats = 21sats. Which in my humble opinion is nice. (Eventhough it doesn’t have purchasing power just yet).
What you really mean, and what others that make your same argument really mean, is that you don’t spend sats. Because if you did, you would understand that they actually do have real world purchasing power, and currently the real world purchasing power of 21 sats is about the same as 1 or 2 cents. “Fiat terms” is the way the whole world, including bitcoiners, measure the relative real world purchasing power of everything. Though I will be pleased when that is someday universally measured in sats, as I’m sure you will be, that is not reality today, and we are nowhere near close to that reality. It’s your prerogative to pretend that 21 Sats represents some wishful astronomical level of purchasing power, but reality is that today it does not.
I hear you and I actually agree with much of what you said. You’re right that today, in practical terms, we do measure things in fiat. That’s the current reality, and sats do have a real-world purchasing power, no doubt. I spend sats. I earn in sats. I stack, and I live on a Bitcoin standard. So I’m very aware of the trade offs and the value.
When I speak about the value of 21 sats, I’m not talking about what it can buy at this very moment. I’m talking about how Bitcoin is changing the game. Value isn’t just what a sat can buy today. It’s what it represents over time: energy, work , digital property rightsand sovereignty.
Fiat forces us into short term thinking. Bitcoin invites us to zoom out. So yes, maybe 21 sats is worth a few cents today. But try finding 21 sats on this earth once the block subsidy ends and demand explodes in a world waking up to this technology. We’re playing a long game here.
So I’m not pretending. I’m building for tomorrow. Appreciate the discussion thanks for sharing your perspective 👌🏼 and I’m sure we’ll both smile when sats are the standard 😅🧡🤷♂️
Cheers from Munich my friend 👊🏼
“But try finding 21 sats on this earth once the block subsidy ends”
Literally none of us will be alive when this happens so this is a silly argument to make.
Not if you think in generations don’t you think?
I’m not sure we are talking about the same thing. Saving bitcoin for your future generations/descendants and spending bitcoin today are not mutually exclusive activities. How would bitcoin ever become universally used/accepted for future generations if everyone today had the mindset that you shouldn’t spend meaningful amounts of it?
Bitcoin makes it possible for more people to think long term than fiat does. It is inclusive and empowering in that way. But that does not mean that people trying to earn it today do not have immediate financial obligations. An artist performing online for tips, or a merchant with an online shop, for example, would soon go out of business if everyone who supports them pays them only 1 or 2 cents of relative purchasing power, regardless of whether that payment is in sats or fiat, because the demands of their immediate financial obligations outweighs their desire to save for future generations.
By refusing to spend bitcoin in meaningful amounts, we handicap and sabotage the very system we wish to see come into place.
It is not my place to determine where you spend your money, or vice versa, although I’m sure some people may read this and think I’m just trying to tell them what to do. But if we value bitcoin, and if we value nostr as a place where a circular bitcoin economy can flourish, then we all have to be willing to pay people more than 21 sats at a time until we see significant increase in its relative purchasing power.
Also, I appreciate the debate/conversation, good sir. It’s good to think through these issues weighed against others’ opinions/perspectives.
Salute to that 🫡🧡💜
CornGPT
😂😂
1 sat,
It's not much,
But its something.
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#8 😂 Nostr Memes
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#memes_nostr_recap