I will be a speaker talking about #Bitcoin at this conference in Zilina, Slovakia.
🇸🇰Budem jedným zo speakerov na tejto konferencií v Žiline. Nenechajte si to ujsť.
🇭🇺Az elöadók között leszek ezen a szlovák és cseh nyelvü konferencián Zsolnán.
A simple economic calculation:
Let's say the price of a coffee is about 2 eur. That's about 3.000 sats today. The average number of sats per person is 250.000.
Coffee costs 1.2% of the average sats per person. Do you think the value of a coffee is less or more than that?
How to measure in #Bitcoin?
1. Take the average number of sats/person: 262.500.
2. Convert the fiat price of the item to sats.
3. Make a rational judgement about whether the price is reasonable.
For example is an average shoe for 80.000 sats (about 1/3 of 262.500) reasonable?