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10 sats \ 0 replies \ @028559d218 14 Dec \ parent \ on: John Carvalho proposes BIP renaming sats as bitcoin bitcoin
Thank you... I had never heard that explanation of 'Satoshi' before!
Something something Japanese (central intelligence LOL) but I hadn't heard the bit about Sanskrit. Incredibly interesting!
Yes and you are right. The thing about Bitcoin's price... is that it isn't really that important.
1000 sats per dollar... that's it. For 10 dollars, someone can buy 10,000 sats approximately, and the sats are just that... sats! That's why it doesn't matter what the exchange rate is, Bitcoin is just money and a powerful, scarce savings account!
As far as the 'can't have one' crowd... they can do like anyone else and
- pick up a second job
- pick up extra shifts at work
- save long term
- reduce expenses (costs) and increase cashflow (for example through employment)
There is no 'get rich quick' scheme, just hard work and saving.
From what I can tell, Bitcoin is extremely liquid, traded in huge volumes every day, not to mention being embraced by individuals, companies, and eventually countries! (US!)
The earlier that people realize that 1 sat = 1 sat the earlier they start stacking! The exchange rate being unimportant! 1000 sats just as valid and important to the individual as 1000000 sats... and seed phrases are created equal.
Bitcoin is for saving
<3