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0 sats \ 0 replies \ @alt 56m \ parent \ on: From Dollars to Sats: A Shift in Mindset? bitcoin
In the long term yes, but short term it doesn't matter what you price bitcoin in, whether it's USD, houses, cars, eggs, or milk. The day-to-day volatility is still there and would make price calculation difficult even without the USD.
On the long term this problem goes away and then we can price things in BTC, but today it would probably cause as many problems as it solves.
I have some, some that I bought and some that I've inherited. I've also given it as gifts.
Gold, silver, platinum, and I'm sure I've got a palladium bar knocking about somewhere.
I don't see them as a hedge or an investment. I think they will maintain their value in fiat terms but compared to Bitcoin they'll become near worthless.
I still hang onto them though. Mammal brain like shiny rock.
Could argue that God's benevolence is working toward a higher purpose, and that the evil and suffering we are subjected to is necessary in order to teach us lessons or strengthen us. Maybe some individuals experience net suffering, but as a result the effect on the entire species is net positive?
For clarity, I'm not religious in the slightest.
If they're complex, I have a hunch they might be weirdly similar to us.
By which I mean they will be multi-cellular.
They will have some form of information-encoding molecule akin to DNA.
They will have bodies made up of separate organs, including ones for absorbing atmospheric gases (i.e. lungs), ones for digesting food, ones for filtering toxins, and likely a liquid based transport mechanism. They will also have sensory organs but they might take different forms, although eyes are likely.
I'm on the fence about reproductive organs. They might not reproduce similarly to us at all.
I would expect them to have roughly symmetrical bodies with an even number of limbs.
Now? I'd charge based on fiat value. Fiat is still the unit of account, and the most common medium of exchange. Pricing in fiat will help people understand how much they are paying.
Also on the short term, fiat is relatively stable compared to Bitcoin. Of course on the long term fiat trends to zero but it doesn't go up or down several percent a day (yet). Pricing in sats would necessitate recalculating prices more frequently.
How many is "a lot"? I'm not necessarily doubting what you say, but depending on the size of your town and the number of events, it could fall well within the expected number of deaths, given typical statistical variation.
This was very interesting. I can't imagine I will ever need to use this advice in my life, but it was fascinating all the same.
Probably because it's full of animal fats, which according to modern dietary advice are unhealthy (despite being the bedrock of human diets for millennia). Bacon is particularly fatty as far as the commonly-consumed red meats are concerned.
Curious how the WHO classified "processed meats", since bacon is about as unprocessed as you can get. The only processing that goes into bacon is that it comes pre-sliced.
I'm sure they'd rather I eat a vegan "meat alternative", but of course it's okay when that's made of a hundred different processed chemicals, because really it's never been a war on processed foods, it's a war on healthy foods.
Trying to catch up on the chores and sleep that I didn't have time to do during the week...
At least, that's what I often find myself doing at the weekends!
El Salvador I know, but they aren't what I would consider a "big player". I don't think there's going to be any countries that would choose an altcoin just because El Salvador is using Bitcoin.
North Korea is news to me though, have they actually adopted a Bitcoin standard or are they just saying they have?
I think it will depend on which countries adopt a Bitcoin standard first. If the US decided to adopt Bitcoin, I could see Russia, China and North Korea adopting something else. Conversely if China settled on Bitcoin first, the US might choose something different.
In the end, everyone will be on Bitcoin. Just some will bankrupt themselves first by choosing easier money.
If a government institution fails an audit, they should have their funding cut off until they can show where the money went.
If a tax-funded institution cannot account for where its money has gone, why should taxpayers continue giving it money?
ChatGPT obviously has the marketing advantage, but it also seems to have the advantage of not being tightly bound to any particular platform.
Microsoft's copilot is tightly integrated with my Windows devices, but not with my Android phone. Google's Gemini is tightly integrated with my Android phone, but not with my Windows laptop.
ChatGPT isn't tightly integrated with either, so I get broadly the same experience no matter where I use it. Weirdly this feels like an advantage despite actually making it overall more difficult to use.
I think UAP is an attempt to be more general and not include implicit assumptions.
A UFO is unidentified, but it might not actually be "flying", and it might not actually be something that can be considered an "object".
Mind blowing that other huge corporations are just sitting by and allowing MicroStrategy to do this. I think the only reason this hasn't generated such a buzz is because MicroStrategy isn't a household name.
If Google, Microsoft, or Amazon were doing this, you can be sure others would soon be following close behind.