“Box of Margherita pizza delivered for dinner” by Alexandra Gorn on Unsplash

Satoshi Condom Day

Bitcoin (BTC) users around the world are celebrating the eighth so-called “Bitcoin Pizza Day”. With BTC prices circling $8,200, the price of one of the legendary pizzas purchased on this day in 2010 is now worth $41.4 mln.

We should be alerted by this. What if I buy a condom using 10,000 Satoshi now? We may have Satoshi Condom Day 10 years later.

But if I predict (or believe) I can buy a car with 10,000 Satoshi 10 years later, will I use this to buy a condom today? This is a twisted version of Gresham’s law which states “bad money drives out good”.

So we are holding BTC. Who then provide the liquidity which is required for our daily transaction need, say, buying a condom?