Samuel #BTC on Nostr: GM #nostr Just a thought 1 ¢ in 1913 has the same buying power as 38 ¢ today. This ...
GM #nostr
Just a thought
1 ¢ in 1913 has the same buying power as
38 ¢ today.
This means in 1913 basically items had to be denominated in what would today be 40 ¢ quantities.
Another way of thinking is that a 1913 penny was basically a 2024 half dollar. Equivalent to going to the store and getting change in 1/2 dollar increments.
Today
16 #sats = 1 ¢
But in the not too distant future 1 #sat will be a 1/2 dollar. This is certain. What is not is when.
Basically for 1 penny (1 ¢ ) you can get a future cash value of $4.
And most of us are zapping $4-$16 of future worth.
#HODL #BTC #bitcoinstr
Just a thought
1 ¢ in 1913 has the same buying power as
38 ¢ today.
This means in 1913 basically items had to be denominated in what would today be 40 ¢ quantities.
Another way of thinking is that a 1913 penny was basically a 2024 half dollar. Equivalent to going to the store and getting change in 1/2 dollar increments.
Today
16 #sats = 1 ¢
But in the not too distant future 1 #sat will be a 1/2 dollar. This is certain. What is not is when.
Basically for 1 penny (1 ¢ ) you can get a future cash value of $4.
And most of us are zapping $4-$16 of future worth.
#HODL #BTC #bitcoinstr