I will be a speaker talking about #Bitcoin at this conference in Zilina, Slovakia.
🇸🇰Budem jedným zo speakerov na tejto konferencií v Žiline. Nenechajte si to ujsť.
🇭🇺Az elöadók között leszek ezen a szlovák és cseh nyelvü konferencián Zsolnán.
A simple economic calculation:
Let's say the price of a coffee is about 2 eur. That's about 3.000 sats today. The average number of sats per person is 250.000.
Coffee costs 1.2% of the average sats per person. Do you think the value of a coffee is less or more than that?
How to measure in #Bitcoin?
1. Take the average number of sats/person: 262.500.
2. Convert the fiat price of the item to sats.
3. Make a rational judgement about whether the price is reasonable.
For example is an average shoe for 80.000 sats (about 1/3 of 262.500) reasonable?
The average Joe is so far away from understanding #Bitcoin. There will be a lot of laughing at their ridiculous views along the way until they will finally get it. By that time they will have missed the opportunity of their lifetime. Sad, but there is nothing we can do about it.
3 years ago I was fined 20eur for not wearing a mask on the street in my hometown. The policemen gave me the option of putting on a mask instead. I said no way I rather pay the fine.
Always think for yourself and don't let public servants dictate what you should do!
All the #Bitcoin -s already exist, some of them are merely hidden in time (future). @jackmallers
This is exactly the same with people: everybody is a Bitcoiner, some of them are merely hidden in the future.
OK maybe except for @PeterSchiff 🙂
Many of my friends and family members are religious and I respect that, but I think it would be important and helpful to have a discussion about it.
For me #Bitcoin is pure logic, religion is a logical error rooted in history.
What is your view?
In the end it always boils down to the difference between price and value. The value of central bank shitcoins is 0 their price is more than that. Still a long way to go.
I talked to some local working class average Joes today. They are clueless about #Bitcoin is a gross understatement. It is difficult to grasp how early we are.
When I put on my laser eyes about 4 years ago I was still in central bank shitcoin mindset and thought 100K was a thing. I don't anymore.
Yet I will keep them on to remind me to focus on making the world a better place.
#BitcoinMindset
Here is a new definition of "Banana republic":
It is a country which uses bananas for measuring (fiat) instead of something fixed in time and space (#Bitcoin).
🍌🔥🙂
Why does everybody leave out the measuring aspect of #Bitcoin including @saylor? Just overlooking or too much clinging to theory?
Bitcoin's most useful property which is akso the predisposition of its other economic properties is value measurement.