mutatrum on Nostr: The demise of Fiat Now we have crossed the Rubicon of 1000 sats per United States ...
The demise of Fiat
Now we have crossed the Rubicon of 1000 sats per United States dollar, I made a chart. It depicts the top 100 fiat currencies, denominated in satoshis, starting from the moment bitcoin had a price.
Most fiat currencies started well above one bitcoin per fiat unit. At some point, they all dropped below a million sats. Not that long ago, they all dropped below 10k sats.
Now, most are below 1000 sats, and some are less than 1 satoshi per fiat unit. In the end, they will all end up there.
Stay humble and stack sats.
While you still can.
Now we have crossed the Rubicon of 1000 sats per United States dollar, I made a chart. It depicts the top 100 fiat currencies, denominated in satoshis, starting from the moment bitcoin had a price.
Most fiat currencies started well above one bitcoin per fiat unit. At some point, they all dropped below a million sats. Not that long ago, they all dropped below 10k sats.
Now, most are below 1000 sats, and some are less than 1 satoshi per fiat unit. In the end, they will all end up there.
Stay humble and stack sats.
While you still can.