The fiat to bitcoin conversion rate matters for 99.99999% of people.

You are just wrong. Its ok, you have the right to be a moron.

You can't. That is the point you dumb fuck.

Fiat still is how 99.99999% of payments occur.

No you are the stupid one, try again:

How do I pay my state farm insurance with sats?

just proving the point here. nothing but inflammatory bullshit

100%

lol, he doesn't like facts. just speaking in hyperbole and spewing bullshit.

understood. your post is bullshit and doesn't answer questions for actual human living needs. got it.

I read the post. It does not explain how to pay State Farm for car and home insurance.

Please help me understand better.

Let me try to condense my question to make it much easier for you then. I'm not interested in your guides, which will not answer the following simple question:

How do I pay State Farm (insurance) or Walmart (groceries) with sats without converting the sats to fiat?

Thank you!

Can you help me?

How can I purchase a home with sats, pay for gasoline with sats, buy my family's groceries with sats, pay my utilities and insurance with sats?

Please, I would really appreciate your guidance in how to convince these companies to take sats and more importantly, price their services fixed in sats (not a fiat rate that is converted to sats, because of course that would mean one is still dependent on the sat->fiat conversion rate).

Thanks so much for your help in advance. I know you aren't just a troll and will actually answer this question so not only me, but the dozens of people reading this thread can also only spend in sats and never have to worry about the sat to fiat conversion rate!

I don't even understand what you mean?

are you able to purchase the same house today with your sats as you could 5 months ago?

do your sats have some magical properties that the rest of us don't know about?

please teach us your ways

It is in the real world my friend.

I can't pay my mortgage, for my car, groceries, utilities, gasoline, etc... with bitcoin. I must convert bitcoin to fiat to make those purchases.

So yes, purchasing power for real world goods is indeed measuring in fiat.

Agreed. Purchasing power is telling you that we are not winning.

This seems to tell the entire story of what people have decided is valuable to them:

Marketcap added in the last 5 years

Gold: +$22.5 trillion
Silver: +$4.9 trillion
Bitcoin: +$1.1 trillion

sigh. you are deranged. i hope one day you seek help :)

ahh yes, you proved that you are mentally retarded. good. at least we all know now

Sigh. You're clearly deranged. Let me try to explain it to a moron like you.

A human needs shelter or food or water. Let us go with a bottle of water in NYC. It costs $2 USD.

If a bitcoin gives you $100,000 USD, you can purchase 50,000 bottles of water. If a bitcoin gives you $1 USD, you can purchase 1/2 a bottle of water.

Do you understand now why the fiat value of bitcoin matters? It is because 99.9% of transactions occur over fiat rails so we determine the purchase power of bitcoin by looking at its conversion value to fiat.

It is pretty simple. So simple that it seems you must be arguing just for the sake of arguing. Or you're retarded?

Purchasing power of a money is one of its most important qualities.

If you don't understand that, you were dropped on your head one too many times as a child.

What does it have to do with bitcoin? Well, gold has added an entire bitcoin worth of market cap to its value yesterday. Meaning, the marketplace/investors have decided that gold is worth a fuckload more than they think bitcoin is worth. That means something, no?

Just yesterday, the dollar lost 5% of its value against gold, and bitcoin just lost 3% of its value against the dollar