Major ATL today!!!❢❢

USD broke the 1666 sat floor. Currently 1625 sats!

EUR broke the 2000 sat floor. Currently 1943 sats!

PANIC! PANIC! DuPM your USD/EUR/etc. shitcoins!

!

Quote from: Cryptotourist on March 12, 2021, 08:14:21 AM

Not may resources out there - these are the best I could find:

https://usdsat.com/

https://www.cryps.info/en/USD_to_Satoshi/

Need to visualize. Grin

Thanks. Good finds. I especially like the usdsat.com site.

Seriously—am I ever not serious?—we need to flip people’s view of value. When speculators buy bitcoins with the expectation of selling to increase their dollars, Bitcoin is in a fight. When people simply consider their Bitcoin wallets to be their savings accounts, then Bitcoin will have won.

So as for personal finance. For businesses, the equivalent is to hold a Bitcoin “treasury reserve”.

In my worldview, my Bitcoin wallet is my money. I value it at 1 BTC = 1 BTC. Whatever other currencies I may also have, I mark to market in BTC. My own idea of my liquid net worth is denominated in bitcoins. If I make an investment in something other than BTC, I evaluate the returns in BTC. I invest if and only if I speculate that I will get out more bitcoins than I put in. From that perspective, USD, EUR, et al. are extremely poor investments!

Whenever I need to buy something priced in stupid fake currencies, I do a conversion to see how many sats I must spend. I observe that that amount has been falling: I am experiencing price deflation. On the flipside, of course, when I make money, I am making less of it: I must lower my prices, as money becomes more valuable. This is Bitcoin.

The value of the U.S. “dollar” in Real Money:

2009-01-03	∞ sats
2010-05-22	≈400,000,000,000 sats
2012-08-02	10,000,000 sats
2013-04-01	1,000,000 sats
2013-11-28	100,000 sats
2017-11-29	10,000 sats
2021-02-16	2,000 sats
2021-03-13	1,666 sats
?	1,000 sats
?	100 sats
...	...

Number go down!

🧸

I need better data. The foregoing table is a draft, based on some numbers that I have handy. Historical price research will be required to pin down hard numbers for a neat log-scale chart I have in mind.

Quote from: tertius993 on March 12, 2021, 08:26:43 AM

You were doing great until ...

As this forum’s best philological pedant and most superlatively evillest curmudgeon, I shall judge your intellect—not vice versa.

Quote from: tertius993 on March 12, 2021, 08:26:43 AM

Quote from: nullius on March 12, 2021, 02:22:18 AM

thinkening.

These mock comedy words are just tragic.

Alas, you forgot to mention my incorrect and inconsistent capitalization, my stylistically grotesque abuse of exclamation marks, the ungrammatical phrase “number go down!”, my gauche use of an emoji in the topic title, and too many other literary sins to list. (More shameful to me is my past bad habit of splitting infinitives—cringe.)

You are evidently unfamiliar with my post history. —And with humour. Anyway, if I wish to affect the tone of a typical Internet p0ast, I am divinely entitled to take whatever licence pleases me.

Quote from: nullius on November 15, 2020, 03:11:21 AM

Quote from: nullius on November 12, 2020, 10:29:18 AM

Quote from: nullius (Secret Arcana of the Unpublished Nullian Drafts)

An I be wont to wax sesquipedalian, I’ll retreat to the phrontistery for to desiderate lost epochs of literacy.

Back on topic:

Quote from: macson on March 12, 2021, 10:38:24 AM

is going on and satoshi "kick" dollar further down....DuPM!!!

LOL, fake money. As the USDSAT number fades away, I will be laughing at all the bagholders for that shitcoin.

Bitcoin Forum > Economy > Trading Discussion > Scam Accusations (Moderator: Cyrus) > U.S. Dollar