S!ayer on Nostr: I wish it worked that way, but it does not. You're not getting 100k sats for $100 ...
I wish it worked that way, but it does not.
You're not getting 100k sats for $100 back because the net growth of BTC against the dollar is greater. Hence, you spend the shit coin on the present value items and save in bitcoin because it preserves wealth.
Why do you think cash notes were created in the first place? Sending gold as payment is silly AF because of value attribution over time.
I don't think you understand this because you're saying the same things again, but it makes no economic sense.
Published at
2025-02-07 09:38:09Event JSON
{
"id": "0b85652b384a48f02d201ee18cd369b089c3192b7caf4798674de901e054f8c6",
"pubkey": "cdecc31c6d9406e9a7d6b0067412aa661d9d31c8035c3fd65c06301d1cac3b92",
"created_at": 1738921089,
"kind": 1,
"tags": [
[
"e",
"bd9e0d532232dac818fade2c664cde23224a689ef72dfc1d303fa39c75050756",
"wss://ir.purplerelay.com/",
"root"
],
[
"e",
"513f9b2fe9f344460de084ac2fadc37361669e3097d3acb0e4c39d6dd8c447c3",
"wss://relay.damus.io/",
"reply",
"96d4945b4bdfe52db60875ff7aba6e98aff214a52d1384d866238fdfd9b60e7c"
],
[
"p",
"5cad82c898ee66013711945d687f7d9549f645a0118467dae2f5e274c598d6ff"
],
[
"p",
"cdecc31c6d9406e9a7d6b0067412aa661d9d31c8035c3fd65c06301d1cac3b92",
"wss://relay.nostr.band/"
],
[
"p",
"f288a224a61b7361aa9dc41a90aba8a2dff4544db0bc386728e638b21da1792c"
],
[
"p",
"96d4945b4bdfe52db60875ff7aba6e98aff214a52d1384d866238fdfd9b60e7c",
"wss://nostr.land/"
]
],
"content": "I wish it worked that way, but it does not. \n\nYou're not getting 100k sats for $100 back because the net growth of BTC against the dollar is greater. Hence, you spend the shit coin on the present value items and save in bitcoin because it preserves wealth.\n\nWhy do you think cash notes were created in the first place? Sending gold as payment is silly AF because of value attribution over time.\n\nI don't think you understand this because you're saying the same things again, but it makes no economic sense.",
"sig": "bca28dea4d047260a2f9373403239fd4ac1c110fcf8304f1bb27b29df3a65c82a9cb89d9fde14c4d3365e2f6e3327eadc6b6bf7e2fcdc07ab140740c70a2a9cc"
}