Bitcoin and money in plain English for beginners. Sound Money Basics: daily lessons, a free 30-day course and a free guide. You deserve better money. ↓
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Agreed that the exchange rate matters. It's the scoreboard for monetization, and nobody stacking sats is indifferent to it.
But a scoreboard isn't the game. The USD price tells you how much capital Bitcoin has absorbed so far. It doesn't tell you why it's absorbing it: fixed supply, no issuer, final settlement, and savings no one can dilute.
And notice the ruler we're using. Measuring Bitcoin in dollars means measuring a fixed-supply asset against a unit that's designed to lose value. Part of “number go up”is just the dollar going down.
So the exchange rate is relevant during the transition. The end goal isn't a higher USD price. It's the point where we stop quoting it in dollars at all, because goods are priced in sats.
Care about the price. Just don't mistake it for the thesis.
@_ARob The exchange rate is entirely relevant. It communicates Bitcoin's performance in absorbing capital from the world's reserve currency, that it is competing with for monetary dominance.
There isn't a single Bitcoiner who doesn't care about Bitcoin's relative strength to the USD.
@BTCsessions A simple rule I teach beginners: a real-looking email is not proof it's real. If any message asks for your seed words, it's a scam, no matter whose name or logo is on it.
Is a flexible supply good or bad? People disagree, and that's a fair debate.
But everyone should know how it works.
Which part should I unpack next? Tell me below 👇
So the supply of dollars isn't fixed. It depends on lending, policy and decisions made by people.
That's a big contrast with Bitcoin, which follows a fixed public schedule.
Takeaway: your savings can't be watered down by someone else's decision.
What surprised you most about how the cap is protected?
Educational only, not financial advice. #Bitcoin
@Bitcoinfta Not your keys, not your coins. Love that you're teaching creators what money is before anything else. Self-custody is what gives artists real ownership.