BRBitcoinapolis on Nostr: "17 Satoshis" If there is one indicator of how a currency is crap, you don't even ...
"17 Satoshis"
If there is one indicator of how a currency is crap, you don't even have to look at the US Dollar but look at the US Penny.
How many of you would stop to pick up a penny? A loaded question, the majority of us would. But we subliminally view 1/100th of a dollar as almost worthless.
When we get pennies, we chuck them into change jars where most of the 288 Billion pennies live and seldom go back to take pennies with us out into consumer land.
Now compare those of us who are into Bitcoin, we get excited for ONE SAT which is 1/17th a penny's worth of Bitcoin at today's prices.
Why? Because we know today's penny is worth less tomorrow and the day after as inflation steals our buying power. But we believe, based on millions of hours of collective Bitcoin analysis, that Bitcoin NGU and therefore a penny's worth of sats today could be worth a lot more tomorrow.
But what about the Penny today, those 17 Sats at today's price, when Bitcoin hits $1,000,000 a coin, then one US Penny is worth 1 Sat so picking up one US penny today on the street could be like picking up 17 pennies tomorrow.
Convert your pennies to sats today?
Or at least, seed Phrases on Pennies is cheaper than buying washers.
Sign me,
The Thrifty Bitcoiner
If there is one indicator of how a currency is crap, you don't even have to look at the US Dollar but look at the US Penny.
How many of you would stop to pick up a penny? A loaded question, the majority of us would. But we subliminally view 1/100th of a dollar as almost worthless.
When we get pennies, we chuck them into change jars where most of the 288 Billion pennies live and seldom go back to take pennies with us out into consumer land.
Now compare those of us who are into Bitcoin, we get excited for ONE SAT which is 1/17th a penny's worth of Bitcoin at today's prices.
Why? Because we know today's penny is worth less tomorrow and the day after as inflation steals our buying power. But we believe, based on millions of hours of collective Bitcoin analysis, that Bitcoin NGU and therefore a penny's worth of sats today could be worth a lot more tomorrow.
But what about the Penny today, those 17 Sats at today's price, when Bitcoin hits $1,000,000 a coin, then one US Penny is worth 1 Sat so picking up one US penny today on the street could be like picking up 17 pennies tomorrow.
Convert your pennies to sats today?
Or at least, seed Phrases on Pennies is cheaper than buying washers.
Sign me,
The Thrifty Bitcoiner