Hello Jeff,

Here are my 2 sats. I believe Bitcoiners should move away from the idea that, under a BTC standard, prices need to be denominated in sats. Instead, we should consider denominating prices in hashes.

Reasoning: A product's price in sats can fall for two reasons:

1. The product can be produced more efficiently, meaning less energy is needed to create one unit.
2.Humanity has access to more usable energy in general.

When it comes to product pricing, the effect of point 2 should ideally be eliminated, and price signals should come only from the first point. However, if humanity has access to more energy, the ratio of SHA256 hashes per BTC will continuously increase, and through the timechain, it is also the only market price that can be validated by every node, on the relationship between block rewards and difficulty.

Since hashes are ultimately equivalent to energy, product prices denominated in hashes would likely converge toward an optimum, rather than falling indefinitely.