Kevin's Bacon on Nostr: Easier calculations means people who are bad at math have better information. That ...
Easier calculations means people who are bad at math have better information. That lowers the cost of informed decision making, which lowers transaction costs, which breeds efficient markets and therefore exchanges of title to those who need it most. Ergo, 1000 sats per dollar is a price point at which a lot of people will discover Bitcoin is for them, and snatch it up!
Published at
2024-11-19 20:58:22Event JSON
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"content": "Easier calculations means people who are bad at math have better information. That lowers the cost of informed decision making, which lowers transaction costs, which breeds efficient markets and therefore exchanges of title to those who need it most. Ergo, 1000 sats per dollar is a price point at which a lot of people will discover Bitcoin is for them, and snatch it up!",
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