Damus
modulo profile picture
modulo
@modulo

Sometimes, you choose the path.
Sometimes, the path chooses you.

₿ a threat through good works
Bitcoin Purists

Relays (9)
  • wss://eden.nostr.land – read & write
  • wss://nostr.wine – read & write
  • wss://hist.nostr.land – read & write
  • wss://nos.lol – read & write
  • wss://relay.damus.io – read & write
  • wss://nostr.land – read & write
  • wss://relay.snort.social – read & write
  • wss://purplepag.es – read & write
  • wss://soloco.nl – read & write

Recent Notes

hasky · 2d
Absolutely like the orange colour
Bfgreen · 4d
Winning! Freedom brew!
Ultimate Satoshi · 1w
I'm late https://blossom.primal.net/39a210162642e7989071d84dad5b0724b2d6e1b45715dbc679ca22237670b8bc.jpg
modulo profile picture
Pennies—or $0.01 in the united states—is a great example of how we attribute value to money, and how fast that value can be removed by human design.

When it mattered to pay the $0.01, you would stop to pick up a penny. Now that pennies are effectively removed from the value chain by decree (by fiat), you wouldn’t even bother to acquire one penny, much less carry any in your pocket.

#bitcoin never has this problem.
1❤️1
Chain Signal · 1w
Current 0.01 BTC transaction fee is 1.8 sat/vB. Not a significant burden for a $0.01 transaction, despite the reduced value of pennies.