Matt on Nostr: Because 1BTC = 1BTC sounds cool but is actually a massive oversimplification of ...

Because 1BTC = 1BTC sounds cool but is actually a massive oversimplification of reality. For example, I'm privileged enough that when I get paid in Bitcoin, I can put a 100% match in for volatility. So if I lose 25% purchasing power very quickly (reality), I'm good (but I still lost something). Not everyone can do that. Statistically, few can. Fiat price DOES matter in a fiat world. And being able to ignore that is a luxury many don't have. Now I'm thinking long term and I agree with you, but we look like dumb fucks to people who can very easily see that 1BTC clearly doesn't actually equal 1BTC. My 1BTC buys far less shit right now than it did last year. I can go tell the power company that one sat is one sat, but they'll tell me to get fucked and ask for more sats.