Replying to Avatar Silberengel

I was thinking about how to price things, for the next nostr:npub1purpleye8gzrzss99nzqqnemtf7g8xxj8p950nkyknnuqzycuh5qnazkzp retreat.

There's no real incentive to price in euros, anymore, as the money they pay might end up not covering costs, because of the amount of months you have to reserve, in advance. But, if you price in satoshi, the people who pay a bit later could end up paying much more (because of the conversion from euros, that they'd usually have to do) than the people who got tipped-off about the meetup, first. Which is sort of unfair, and could even end up being some ridiculous amount. On the other hand, it gives people an incentive to reserve a spot, earlier. Should probably have people pay, in tranches, to smooth things out.

Generally, having people pay for larger purchases or subscriptions in tranches, with the tranche-calculation closer to real-time, seems to be a sensible way of dealing with the volatility.

Decisions, decisions...

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The Beave 1y ago

This is definitely hard to figure out.

Maybe have people pay a deposit into an address/wallet in order to get your reservations taken care of, and then closer to the event, you could settle up with the latest exchange rate? But that's also complicated drive you would likely need to convert your sats to BTC.

I wonder if you could do a loan against the deposit, paying it off from the original deposit and if any is left over by the event, the remaining deposit would be distributed back to the participants. 🤔

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Silberengel 1y ago

That's how we did it, last time, with a deposit and then a freshly-calculated remainder. But Bitcoin had been quiet, for a while, so the price remained steady over a couple of months. If someone was reserving, say, 6 months in advance, it gets trickier.

🤔 Well, if you charge everything to a credit card, it would be a bit like that.

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The Beave 1y ago

Yes, except that interest on a BTC loan would be deflationary in fiat terms. But, yeah, us kinda like that. I think.