Let's Talk About Price (And Why It Doesn't Matter)
Ideas to take with you.
- 01
Denominating Bitcoin in a melting currency reinserts the very layer Bitcoin was designed to remove.
- 02
Understanding Bitcoin functionally changes the asset a holder possesses because it changes the actions the holder takes with it.
- 03
Bitcoin only monetizes if it circulates as a medium of exchange, so refusing to spend caps the very appreciation thesis holders anchor to.
- 04
Dollar-denominated alternatives — stocks, real estate, gold in its manipulated form — carry the same systemic dependency on continuous debasement that the dollar does.
- 05
Every holder is a steward of sats that will outlive them; the question is what actions that stewardship licenses today.


