DorisBaileyY4Q

bitcoin

I was watching this [video](https://odysee.com/@MarkMoss:7/shocking-math-how-bitcoin-could-reach:8?r=8T2xqWjtafHWYGxQBSsrbw1wQPm7sWRq) by Mark Moss, where he walks through a hypothetical situation where Bitcoin ends up being worth $43 billion in the not-so-distant future. The crux of the argument is that Bitcoin will absorb the role of store of value from other assets like real estate, gold, bonds, and so forth. We've discussed that before on SN and it's an interesting point.

My first big post on Stacker News was [What are Sats Worth to You?](https://stacker.news/items/221151/r/Undisciplined) and it was about our subjective valuation of sats: i.e. how we actually use them. For many of us the answer was that we basically value sats at one US cent, which just happens to be roughly what would happen if the USD became backed by Bitcoin.

I couldn't find the post quickly, but I think I won a bounty for answering someone's question about what Bitcoin will ultimately be worth. My answer was $11 million and was based on converting the current global money supply into Bitcoin. The video I linked to above is making me wonder how far off that estimate is. I knew at the time that there were many other factors and realized later that I completely neglected the store of value argument.

To be clear, I'm talking about purchasing power and just using today's dollars as units of comparison. I know that measured in any particular fiat, bitcoin (and every other real asset) is going to infinity.

So, what are the most credible purchasing power estimates you've seen?

And, what are the most underappreciated arguments you've come across?

Should we be using our bitcoin differently in light of the answers?

The Ultimate Purchasing Power of Bitcoin

Help me understand why we're still displaying prices in USD so frequently.

I just downloaded the Orange Pill App, and was so excited to get a membership....   until I saw the membership prices displayed in USD on the app...  a huge let down.   This app, above all, should be able to set prices in Satoshis and not care about fiat volatility.  

I understand not everyone can weather the volatility because too much of their own supply chain is still using fiat, so they are forced to at least worry about it.  But I see far too many merchants pricing in fiat when they really don't have to.  It feels like they aren't even trying to get off fiat.  It feels disingenuous.  

I would be willing to pay more for a company showing me they're doing what they can to change the fiat mindset, instead of larping their love for Bitcoin.  

Am I the only one who feels legit sad every time they see a Bitcoin event or orange-pilled merchants using fiat as a measuring stick?

Displaying Prices in Fiat

security

Slow Block Validation Attacks

conspiracy

Hey everyone,

I'm excited to make my first post here on Stacker News! I wanted to share my story of how I got into Bitcoin and what brought me back after all these years.

I first dove into Bitcoin back in 2013. It was an exciting and revolutionary time, and I was thrilled to be part of something so groundbreaking. I had a small stash of Bitcoin and some cash in Mt. Gox, feeling optimistic about the future.

Then, the Mt. Gox hack happened, and like many others, I lost my Bitcoin. It was a tough blow, and the long legal battle that followed made me quite pessimistic about ever recovering my funds. I was out of the Bitcoin community for years, disheartened.

Fast forward to last month, and I finally got my Bitcoin back! It feels like a victory after such a long struggle. Since early this year, I've been catching up on articles, discussions, and news about Bitcoin. I used to follow Bitcoin discussions on Reddit, but recently, I discovered Stacker News.

I must say, I find the discussions here less stressful and more informative. For instance, a recent post encouraged me to re-read Satoshi's white paper, which rekindled my excitement about Bitcoin's potential.

Back in 2013, the community felt small and revolutionary. Now, it seems to have grown, the general community seems to be focusing more on money-making and securing the future. It's fascinating to see how things have evolved.

I'm actually doing my first lightning transaction to post this :) Can't lie that I'm bit excited.

I'm looking forward to engaging with all of you and stacking stats. 