From 61620adeaa57efdbcb1633d0f91a3f187cbdce49 Mon Sep 17 00:00:00 2001 From: marc Date: Mon, 20 Jan 2025 01:04:52 +0000 Subject: [PATCH] Update MakeSatsTheStandard.md --- MakeSatsTheStandard.md | 12 ++++++++++-- 1 file changed, 10 insertions(+), 2 deletions(-) diff --git a/MakeSatsTheStandard.md b/MakeSatsTheStandard.md index d47bd23..9887af6 100644 --- a/MakeSatsTheStandard.md +++ b/MakeSatsTheStandard.md @@ -1,6 +1,14 @@ -and I sold my old 401k for that "money." I also used some of it for repairs and taxes, but went all-in on bitcoin with everything else. Now our house is worth about 5 bitcoin. The way I see it, real estate is always crashing. +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, 16.5ยข 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!๐Ÿ˜ฑ -People on the broken ruler standard cry, "Wah, Wah. I hope there's a housing crash! Wah! Wah! Muh egg prices!" Buy a brand spanking new car for $50,00 car with a 7% interest rate and they will say, "Congratulations!" The trouble is, the price of the car falls like eggs compared to bitcoin on the broken ruler standard. This is because prices are distorted when measured in a broken ruler standard. +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!๐Ÿ˜ฑ 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! ๐Ÿ˜ + +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 ### Get Off The Broken Ruler Standard