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Replying to Avatar Yojimble

It is also a lot easier from a technical aspect to price in fiat and let software display a sats price for me, all of the PoS apps, customer wallets and even Nostr can do this automagically.

Will be really interesting how prices will adjust themselves after hyperbitcoinisation, for example I can work out how much something cost me to produce in sats, how much I spent on the materials and energy, even my own time will have a sat value on that day... not sure what signals will be used to then reduce a price of something that has already been produced but the money to buy it is more valuable (without fiat to compare to). Would it be simply determined from the rate on new coins getting mined?

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SoapMiner 1y ago

Yeah, a very tricky metric. However, I do believe nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpzpmhxue69uhkummnw3ezuamfdejsz9rhwden5te0wfjkccte9ejxzmt4wvhxjmcprfmhxue69uhkummnw3ezummjv9hxwetsd9kxctnyv4mqgevlfj on this. It will trend down towards the price of production. And honestly, by that time, we will be using robots for the production of just about everything, if not absolutely everything. So your labor probably won't be a factor in the equation.

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