I found this in a bakground of a picture I took of my son at Rite Aid with a giant ice cream cone around block [416,220](https://mempool.marc26z.com/block/000000000000000003b64da342d6d24d066ea5c961e21fdf57cae4318eab3616)(June 13, 2016). I don't want to dox him, so I cropped the photo. The price of eggs on that day was $1.99, 16.5¢ per egg if you still measure stuff with the broken ruler we call fiat. What if we measured the price in sats instead? I found the price on that date from the bitbo calender. According to this website, $1.99 was worth 260,000 sats back then. Each egg cost 21,667 sats! Oh My Zues!😱
I used this [mempool calculator](https://mempool.marc26z.com/tools/calculator) to see how much that is today. Turns out that it's $272.88 as of block 879,943. Since the fiat ruler is broken, the price of a dozen eggs also has NGU. I took this picture the last time I went to the grocery store. Eggs cost enough to shock fiat maxis. $8.99 OMZ!😱 What does a dozen eggs cost if you ignore the broken ruler? They only cost 8,572 sats today, just 714 sats per egg. Holy [Wiemar Republic](https://en.m.wikipedia.org/wiki/Weimar_Republic) Batman! That's 30X cheaper! 😁
For some strange reason I can't pretend to understand, the [Federal reserve tracks the price of eggs denominated in bitcoin](https://fredblog.stlouisfed.org/2022/06/buying-eggs-with-bitcoins/). I guess they want to stay humble and stack money printer go brrrrrr. You can see the price of eggs drop off a cliff like Wile E Coyote on their website.
Tk pic of egg prices
In The Price of Tommorrow and too many podcasts to mention, Jeff Booth argues the free market makes things cheaper over time, but the fiat syatem is syatematic theft. This theft occurs via inflation, which is really wage deflation. In other words, eggs are getting cheaper over time because egg producers become more efficient. We see tye fruits of this efficiency in Big screen TV's because the fiat price gets cut in half every ten years or so, but this is also a product of a broken ruler. The TV is probably 60X cheaper in bitcoin terms. It makes sense, TV's don't get bird flu, but when you begin using bitcoin as your unit of account, the measurement of value makes more sense than fiat clown world on the broken ruler standard.
## Life Gets More Expensive On The Broken Ruler Standard
Before I met my wife, I played poker to supplement my income. I don't play much anymore, but poker taught me about risk management, probability, game theory, and many other things applicapble to bitcoin. Poker gave me the backround knowledge I needed to study bitcoin. [In a sly, round-about way](https://youtu.be/nswOYo0zUcI?si=iVjy6e-npEAo9lkH) , poker taught me how to spend less bitcoin than I make. In traditional technical finance terminology, this is called "fucking saving." If you were not taught how to save and spend more than you earn, no matter how many broken ruler bucks you may earn, bitcoin will not work for you.
My wife makes a lot of broken ruler bucks. Unfortunately, we were broke in 2016 because we both were in school. Nevertheless, I'm proud of my stack amd I'm now at a point in life where I can get paid in bitcoin with very little risk because of my sugar mama, I mean wife, gets paid very well.
I spend like almost every other American consumer, plastic broken ruler debt cards. I put my little Strike ACH number on the Discover app. I keep a couple million sats on Strike and pay my credit card every month. In other words, I use Strike like a four letter word: bank.
Sometimes I'll get a craving for tacos., I've never found a food truck that takes bitcoin, but they often use the Cash App. People on the broken ruler standard can't onstantly send brocken ruler bucks from PayPal to Zelle and vice-versa. They muat first send broken ruler bucks from PayPal to the bank and then send the broken ruler bucks through Zelle. I can send sats dkrectly from Strike to thr Cash App within seconds.
#### Sats As A Unit Of Account
The price of bitcoin fluctuates which makes it difficult to use as a unit of account. Who wants to divide the price of bitcoin by 100 million. Ain't nobody got time for that. If a whole coin costs 100k, then 1,000 sats = $1.00. This means each 100 sats is worth 10¢. 10 sats = 1¢. If the price drops 50%, 1000 sats is 50¢. If it does a 10X, $1,000 sats is $10.00. Living on a sat standard requires a little math, but it's easy to estimate. For more precise calculations I use mempools calculator.
Money is a store of value, medium of exchamge, and unit of account. If you use bitcoin on all three ways, you are using bitcoin as money. Saving becomes spending less bitcoin, not "buying more bitcoin." If you stack sats, your goal should be to leave the broken ruler standard and adopt sats as the standard. The world will still price your sats with a broken ruler. Sometimes this broken ruler makes you look like a fool. Other times, the broken ruler makes you look like a genius. Therefofe, you must stay humble and stack sats.
You'll need some savings before you can deal with the broken ruler fallacy, but once you consiatently stack sats and NGU continues to U, you'll eventually see life gets easier when you make sats the standard.
I will sell some sats to pay for my food and I send a tip to the food trucker in bitcoin using the Cash App gift button. It is actually very easy for them to accept bitcoin. They just don't know it yet. I don't prosthetize the gospel of our lord and savior Satoshi Nakamoto. I just send them a few thousand sats. Good orange pilling is like good writing: Show, don't tell.
**Does it require KYC?**
Yeah, but so does Bank of Broken Rulers.
**Haven't you heard the phrase, not your keys, not your bitcoin?**
Yes. It's true. The 2 million sats or so is "not my bitcoin." From my perspective, however, it is the least risky way of paying my bills. I believe it is less risky than keeping broken ruler bucks in a bank. FDIC insurance as sounds nice as canceled Insurance policies in the Pacific Palissades.
I could keep my 2 million sats in self-custody in my own ligjtning wallet. I could use [Zap Planner](https://youtu.be/nswOYo0zUcI?si=iVjy6e-npEAo9lkH) to schedule my payments to hit Strike moments before I pay my bill, but I know me. I've lost sats on the lightning network before. I am more likely to lose the sats on my self-custodial lightning wallet than lose them because Strike could possibly rug-pull me. So for now, I jusy keep 2 million sats on the app. If bitcoin does a 10X, I'll keep 200,000 sats on Strike. If it drops 50%, I will keep 4 million sats on there.
I typically spend between $600- $1,000 broken ruler bucks a month. This dkesn't include my mortgage or food. My wife pretty muxh covers that stuff. Life happens though. Sometimes I need to pay a plumber, or a roofer or something, but most months, I have a sat surplus, a phenomena I like to call sats savings.
Poker taught me how to manage a bankroll. The move up on stakes requires saving. At the time, America's Card Room accepted bitcoin, but they converted it to the broken ruler standard as soon as you deposited. I heard about ACR on a plane because I saw a passenger playing poker. He said it was ACR and I kept it on the back ofy mind. At the time, I thought abput traveling outside of the Unoted States to play some small tournaments. I assumed I had to be from another country to play on ACR.
About a month later, I heard Andreas Antonopolis on The Joe Rogan Experience. I was intrigued. I didn't understand much of it back then, but intuited this could fix the problems of fractional reserve banking and I could probably use it to play online poker.
I asked the Googs if I could play pomer with bitcoin. ACR came up as a result. Then it hit me. That's how this guy on the plane played poker. He used bitcoin!
I didn't want to buy it just because I heard about something on the Internet, but I wanted tk try this newfangled bitcoin thing. I downloaded the blockchain.com(NOT AN ENDORSEMENT) wallet on my phone.
I generated a legacy address, took a screenshot of the QR and posted this on Twitfer.
