Oddbean new post about | logout
 I won’t be celebrating when #Bitcoin ₿ hits 100k.. it’s just a number. While it’s nice that the fiat price going up makes us feel less crazy, perhaps? I’m here for the separation of money and state. Job’s not even close to finished. 
 🎄🥳🥳🥳 
 Absolutely no fun allowed. 
 What’s fun about it?  Are govts done printing money? Are the poor and middle class having their futures stolen due to rampant money printing and monetary manipulation? 
 It takes a couple of cycles to minimize it but some feels remains 
 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. 
 Just remember:  $100k USD in 2009 dollars is like $150k in todays dollars.  No need to get too excited as we pass 100 😉
  
nostr:nevent1qqs88sxqkqa57wg545xmaw7yu33kejuu0el7trsmldzms340qwj509gpz9mhxue69uhkummnw3ezuamfdejj7q3q75hdheqn0arfdgywe9n2rze5eaf0j2mlz0xp5kq30vy57jqsncdqxpqqqqqqzkfr5na