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Milk didn't get 30% more expensive in USD in the past month.
But it did on a Bitcoin standard
But it didn't in any way that makes sense in reality. I care about the real-world purchasing power of my sats, not some puritanical false view with blinders on that requires ignoring the wider context in the world around me.
Excuse me sir, but you’re on stacker news
Well aware of where I am. Bitcoin is fucking amazing, but some of us have real dumb takes sometimes.
Yes. It was dumb saying milk didn't get 30% more expensive in dollars in the past month but it surely did in past few years. This is what you get in Fiat standard.
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If you've converted all your fiat into Sats just 5 days ago, evrything in your wider world might have become cheaper by at least 15%.
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I'm clear. There's no fucking Bitcoin price thing. If you're calculating Fiat to Bitcoin, it's a sin in itself.
Fiat gets a number because the governments attach to it.
Bitcoin gets its value by itself.
So, there's no need to attach a price tag with Bitcoin. Let it be 1sat=1Sat.
How many sats would it be reasonable to pay for a pack of hotdogs next month?
Does the pack of hotdog has price tagged in sats?
That's exactly correct, because the purchasing power of Bitcoin has increased quite a bit.
Rather than, as you said: "It's not that Bitcoin price is rising, it's that the fiat shit is decreasing its purchasing power."
And you mean that fiat is stable? It isn't volatile?
In the short term, absolutely.
It only shows how deep you're inti fiat. You're counting on the benifits of it.
Don't you know what happened to Iranian Rial in the short term? I don't want you to remind all of Latin American Nations.
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Alright. What about buying milk with Sats instead of Fucking shit?
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YESS!!!
One day Bitcoin will be worth $100M but by then the dollar will be a worthless unit of account anyways.
More like 10 sats buys one Big Mac
can't wait to buy a Big Mac with 10 sats!
Ready for my Royale with Cheese
It's not that Bitcoin price is rising, it's that the fiat shit is decreasing its purchasing power. In other words shit is going to the place that it deserves, 'into a gutter'.