Putting aside the math for a second, let’s talk about price.
Price is entirely psychology. The price of something is what one is willing to exchange for it.
The price of #Bitcoin is crossing an uncomfortable chasm. $60k is too large for most people to consider buying crazy internet money, but the price of a sat is too small to reason about. People are not good with decimals.
Once we hit $1M per whole coin, a sat costs $0.01. A penny stock. At that price, we’ll stop pricing in tranches of 100M sats, like a one time 1:100,000,000 stock split. Overnight, Bitcoin will go from $1M, to $0.01, keeping the BTC ticker.
At that moment, everyone’s interests are aligned—the hard money advocates and the degenerate gamblers alike. That’s when the real FOMO moon pump begins.
So I don’t expect us to flatten into a pure exponential growth curve (line in log scale) just yet. Personally, I think that happens somewhere between cent/sat and dollar/sat parity.
jimbocoin / jimbocoin 🃏
npub1v9…x9q3h
2024-09-16 15:42:35
in reply to nevent1q…62zp
Author Public Key
npub1v9qy0ry6uyh36z65pe790qrxfye84ydsgzc877armmwr2l9tpkjsdx9q3hPublished at
2024-09-16 15:42:35Event JSON
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"content": "Putting aside the math for a second, let’s talk about price.\n\nPrice is entirely psychology. The price of something is what one is willing to exchange for it.\n\nThe price of #Bitcoin is crossing an uncomfortable chasm. $60k is too large for most people to consider buying crazy internet money, but the price of a sat is too small to reason about. People are not good with decimals.\n\nOnce we hit $1M per whole coin, a sat costs $0.01. A penny stock. At that price, we’ll stop pricing in tranches of 100M sats, like a one time 1:100,000,000 stock split. Overnight, Bitcoin will go from $1M, to $0.01, keeping the BTC ticker.\n\nAt that moment, everyone’s interests are aligned—the hard money advocates and the degenerate gamblers alike. That’s when the real FOMO moon pump begins.\n\nSo I don’t expect us to flatten into a pure exponential growth curve (line in log scale) just yet. Personally, I think that happens somewhere between cent/sat and dollar/sat parity.",
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