MultiversX Tracker is Live!

Cost of Living on a Bitcoin Standard

Bitcoin Reddit

More / Bitcoin Reddit 217 Views

Gallon of milk: 8,200 sats

Gallon of gas: 14k sats

Cheap meal out: 30k sats

Public transit ride: 4,100 sats

Minimum wage: 45k sats/hr

1 bed 1 ba: 5.4m sats/mo

This mindset shift of the orange pilled life has really struck a chord where the cat is out and not going back in. When I first held btc and it pumped, I Immediately thought of the fiat value, what new things I could buy with my gains, and cashed some out. Now I see things priced in BTC and selling my investments in my early twenties is a cardinal sin and will allocate future income in discretionary ways, opposed to spending the capital I have now.

Doing accounting in BTC terms strikes me as a huge shift in thinking, recognition that the gold standard and hard money doesn't discourage spending, but discourages wasteful spending and incentivizes getting real return out of money spent.

Inflationary environments have complex mechanisms that obfuscate costs. The consumer is placated by CPI (cheap pizza and youtube) while assets continue to not be held for no real reason other than a lack of education and exploitation of the fact by capital owners; who can afford to do things like war to control supply chains, while the wage slaves drive the boats and work the fields for an ever decreasing nominal income.

A couple things have become quite clear. The fed will likely never be audited and the debt cycle they've created will lead to a revolution. Our digital lives will likely make this a quiet, slow, peaceful brain drain to fiscally responsible societies that reinvest in their population while cesspool exploitative practices will drive away those who see through it.

Changing the money supply is a shift of power that is massive. How is your view of this shift and how have you changed your attitude towards cost of living?

submitted by /u/thadpole
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments