It's partially a push back on that sentiment. If we're going to get on a bitcoin standard, people need to get in the habit of using sats as their unit of account.

We don't for instance make constant references to how many pesos it takes to buy the dollars we have.

If you want to talk about how many sats it takes to buy your groceries, no one is going to respond with "1 sat = 1 sat".

Go back to economy class and learn about:

Then you will understand how and why 1sat=1sat https://bitcoinexactforecast.com/

They're making a statement about the unit of account that you choose to use. I know some people who only price some things in sats because thats just what the price is for them. That's the unit of account that they use.

I think it is also often used to highlight bitcoin's absolute scarcity but I don't think it's an accurate comparison. I think a more precise and accurate expression would be "1 bitcoin is 1/21,000,000 bitcoin" because "1 dollar is 1/♾️ dollars"

Just my two sats

I think the idea is not to measure the value of sats in fiat currency. Sats have their own independent value. It's true that you cannot buy anything with 1 sat, but you can buy something with 1k, 2k or 10k sats.

Here is an economic class explained by the cavemen for cavemen. Maybe this one will give an explanation.

or think as : a cat is a cat a dog is a dog....

Understand it as buying power over time. 1sat today has the same purchasing power as 1sat tomorrow. In fiat terms you have to say $1 > $1 or $1 = $0.9 because the $ looses its buying power over time. And, yes this formula is mathematically wrong. Funny, eh?!

A juicy red apple is nice but not every apple is red; yet 1 sat is equal to 1 sat.

This is the fundamental thing that I struggle to grasp. It is said that Bitcoin is a store of value which can preserve your buying power over time in relation to fiat currencies.

However, it seems to be frowned upon to consider the exchange rate of BTC and fiat currencies. How can this be until BTC is a unit of account where anything can be expressed and purchased in sats, wherein I can go to the grocery store and see a gallon of milk expressed in sats and not fiat?

sats per dollar price is literally a disconnect from reality, because dollars are not real but an imaginary construct. it is a representation of a money god.

sats per [whatever real product] is a better representation of reality. for example, a dozen eggs can cost 1000 sats. sats took real work to produce. eggs took real work to produce. the free market decided how the two real products trade with each other.

dollars took minimal work to produce. with the improved printing technology and now with electronic ledger technology the real value of a dollar is basically zero.

Yeah, it's ridiculous. They shouldn't say it -- EVER.

At best it's coping/trolling, at worst economic illiteracy.

HONEY BADGER SHOULD CARE: https://bitcoinmagazine.com/culture/bitcoin-price-action-does-matter

Also here: Nominal and Real in Bitcoinland (#737272)

A large monetary circulation (through government stimuli of direct transfer of money from governments to the population), creates the perfect storm for inflation. Inflation is nothing more than the excess of currency in circulation, the increase in prices is its consequence. With more currency in circulation, given the main law of the economy (supply and demand), the currency ends up devaluing. The great truth is that if it were possible for us to simply maintain our purchasing power, in the long term, we would be at a much higher level today. The power of decentralization and the possibility of the owner of the cryptoactive having full control over their resources is something libertarian and protective, since the irresponsibility and excesses of centralizing governments would be insufficient to reach the purchasing power of someone exposed to Bitcoin.

This was (sort of) discussed on my item: #763982

It's in part a focus on bitcoin inherently having value and deemphasizing the conversion because a lot of content is just focused on dollar conversion and devolves into making a ton of money on bull runs. (i.e., if you go on the bitcoin subreddit, a bunch of people are in there asking how to get rich on BTC...)

I have already done the math in my head and if we say that currently 1 dollar is equivalent to approximately 1100 sats... then I can say that I need at least 50 sats or so to buy a candy 🍬 and so on... Where I live the currency in circulation is the Nuevo sol...