Damus
John Satsman · 8w
nostr:npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyhe How do you express the value of bitcoin in your head? For the past decade or so I would mentally price things in pre 65 silver coi...
Ghostđź‘» profile picture
If you don't grasp it (And it's difficult), it's kind of hard to explain. FIAT is a scam, with no "Monetary" value. Bitcoin is 21M units, therfore, every economic unit of output, now, and in the future will decrease, in BTC terms. Any and all FIAT currencies, can and will be inflated, meaning that all "Economic units of output" will cost more, in FIAT terms. "Inflation" as opposed to "Deflation". That's simplified a lot, but the best I can describe it. Jeff, does it better than me however......FFS man, whe is your 2nd book due🙏🏻?
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John Satsman · 8w
Brother I’m way past understanding that fiat is a scam. Perhaps I wasn’t clear in how I’m making the comparison. Dollars aren’t a good marker because they get diluted. Precious metals are a better marker because while the supply increases, it’s RELATIVELY stable which is why I’m able to ...
John Satsman · 8w
But also the question was for Jeff personally. I was asking him what HE thinks not what a bunch of other people say he thinks.