We Never See Nothing

I’ve known this intellectually for quite a while, but today I felt it.

I’ve had a monthly bill (e.g. gym membership) that gets automatically charged to my credit card for some time now. I’ve had it in the back of my mind to finally cancel that thing so they’ll stop charging me, but then I think “ehh it’s not that much money, and I might use it some day”. And since I’m paying in fiat, the cost of losing those euros/dollars just doesn’t seem that high, because I can always get more fiat. But then I thought, “well, what if I were paying with sats…?”. Suddenly I felt an urgent need to cancel the payment as soon as possible, as the thought of the opportunity cost of sats lost forever suddenly came into focus.

In a moment, the realization hit me. Every wasted euro/dollar could have been a few sats saved. Over the years, those sats would add up. Sats are irreplaceable, like the hours of your life. Those are sats that I’ll never get back. Those are hours of my life, forever misallocated.

I’ve finally felt first hand how an inflationary currency causes us to misallocate our resources and our time. If more and more people start to feel this way, it would become a massive cultural shift, for the better.

There will only ever be 2,100,000,000,000,000 satoshi in existence.
Your life will only ever have 2,522,880,000 seconds (~80 years)