okihas on Nostr: Here is a funny little story from this weeks #SaturdayForSatoshi protest: I was ...
Here is a funny little story from this weeks #SaturdayForSatoshi protest:
I was approached by 3 people in their late teens, asking me what I was doing and what the numbers were all about.
I told them they were related to #bitcoin.
It peaked curiosity in one of them, asking me if I was willing to sell.
I asked him if he had something that might be of value for me.
So he started searching his pockets and took out some foreign fiat.
Since I had never seen these, and they fit nicely into my collection of funny colored paper, I offered him 21k Sats for it. Not knowing, if I was rugging him or the other way round.
He left happily with his friends to get some noodle soup and I sat there wondering if those pieces of paper were actually worth 21k Sats.
When I went home, I was curious and checked the exchange rates of hungarian forint and israeli shequels against bitcoin.
Turns out, that if I would have been able to exchange it back for sats that evening, I’d have made a 5:1 deal (100k Sats).
Moral of the Story: TL;DR
Fiat world is designed to make you a scammer, since you don’t know how to properly value paper.
Still thinking, that I overpaid a lot. My grandchildren will be furious with me 🙃
I was approached by 3 people in their late teens, asking me what I was doing and what the numbers were all about.
I told them they were related to #bitcoin.
It peaked curiosity in one of them, asking me if I was willing to sell.
I asked him if he had something that might be of value for me.
So he started searching his pockets and took out some foreign fiat.
Since I had never seen these, and they fit nicely into my collection of funny colored paper, I offered him 21k Sats for it. Not knowing, if I was rugging him or the other way round.
He left happily with his friends to get some noodle soup and I sat there wondering if those pieces of paper were actually worth 21k Sats.
When I went home, I was curious and checked the exchange rates of hungarian forint and israeli shequels against bitcoin.
Turns out, that if I would have been able to exchange it back for sats that evening, I’d have made a 5:1 deal (100k Sats).
Moral of the Story: TL;DR
Fiat world is designed to make you a scammer, since you don’t know how to properly value paper.
Still thinking, that I overpaid a lot. My grandchildren will be furious with me 🙃