Oddbean new post about | logout
 I’ve been saying #Bitcoin ₿ is priceless and it’s hilarious that we trade paper backed by nothing for it,  for years…. And I believe that with my heart and soul. So yes,  it’s a nice looking number.. 100k pieces of worthless fiat paper is laughable to me. 100k pieces of shit, 300k pieces of shit, 1 million pieces of manipulated, backed by nothing, pieces of shit. All the same 
 No bitcoin on ramps and off ramps for me so I have to earn and spend fiat that others pay with and accept quite happily.
There’s a well defined fixed value given to the paper money. We’re doomed for a long time, maybe it stays this way.
Bitcoin will find its value in terms of labor and goods when a good percentage (15% ?) of people start pricing their time in sats. 
 I agree.. we’re a long way away from fiat money being actually gone.