Oddbean new post about login | logout I will zap 1000 sats to the first person this morning who can tell me the significance of a fiat price of $86281.28 (USD) Hint: there's already a hint in this note 😃 #math
It’s when Moscow time goes from PM to AM 🔥
Got it! 🤙
I was figuring that out last night 🤣 Thanks for the zap!
De nada! We must have been on the same brainwave
I don't get it. Why is that significant?
In my mind, Moscow time going from afternoon to morning will mark a new era
I don't even think I know what this means. What do you mean?
Are you familiar with the idea of Moscow time in this context?
It seems like "Moscow time" means something to you that it doesn't mean to me - so I guess not?
OK 😃 so "Moscow time" refers to how many sats $1 USD can buy, formatted to look like a time... see link for more details https://protos.com/bitcoin-clock-moscow-time-jack-dorsey-blockclock-memes/
$86,281.28 is a price point where 1 BTC = 100,000,000 sats would mean 1 sat = $0.01.
What you said will happen when the corn grows to $1 million per coin
It's the amount of chops it takes to chop 10,000 chopsticks
86281.28 USD is the value of 1 BTC, where 1,000 satoshi are worth about 0.8628 USD.
True but more specifically it's when $1 equals 1159 sats, aka Moscow time equals 11:59
I'm not good at math 🤭
Repeating numbers
Today's $86281.28 is the same value as the previous ATH when accounting for $ inflation.
