Trying to make sense of Jeff Booth’s talks always seems to require too much mental gymnastics from me 😅
I love his talks, but they only make sense when people make sats the unit of account. He uses the example of his house, but those numbers are too big for people having fun staying poor like most Bitcoiners who would rather stay humble living under a bridge than sell sats for sticks and bricks.
In April of 2020, a can of green beans cost about 11,000 sats.
Today, a can of green beans costs about 1,400 sats.
When measured in sats, green beans are deflationary. Measured in fiat slave money, prices are inflationary.
Does that make any sense? I hope so.
In April of 2020, a can of green beans cost about 11,000 sats.
Today, a can of green beans costs about 1,400 sats.
When measured in sats, green beans are deflationary. Measured in fiat slave money, prices are inflationary.
Does that make any sense? I hope so.
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