Damus
Bitcoin Bay profile picture
Bitcoin Bay
@Bitcoin Bay
I would like to propose that we start discussing near term sat values of things.

My first suggestion, 200k sats for a gallon of honey.

What're some other commodities we can start pegging to bitcoin? #asknostr #circulareconomy

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Zach⚡️ · 156w
The problem with “pegging to Bitcoin” is that your 200k gallon of honey will be 20k or even 2k in a decade or two. Money first has to be a widely adopted store of value before it can become a medium of exchange and unit of account.
Zach⚡️ · 156w
I do like the #circulareconomy though and sats are an amazing medium of exchange - my favorite, actually.
IslandHodl · 156w
Pegging commodities to bitcoin sounds like price controls?
Mr. Sat Stacker · 156w
A Can of Beer. 12k sats should be the price, but seems 36k is likely the going rate.
crrdlx · 156w
Might be fun to discuss, but aren't values set by the free market? 😀
GrubbyProle✝️⚡️ · 154w
Cool thought experiment. With my bouquets I've tried to get an idea, and they float around ~275K sats for the bigger ones