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0 sats \ 2 replies \ @zapsammy 12 Nov \ on: I don't get when people say 1 sat=1 sat bitcoin
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.
Yes, but saying 1 sat=1 sat opposed to 1 sat = x dollars tells me nothing of it's value.
Does 1 sat today buy you the same amount of goods or services that it did 2 weeks ago?
Should grocery stores say that the price of a dozen eggs is one dozen eggs?