Replying to Avatar boston wine

How do circular Bitcoin communities handle pricing of goods and services, in general?

Is it typically tied to fiat costs of “import” when a good cannot be produced locally?

A community of bitcoiners naturally should believe their Bitcoin to be significantly undervalued in fiat terms. How do you establish fair & mutually respectful pricing alongside this premise?

Cc #[0]
Avatar
mark tyler 2y ago

I don’t think the underpricing of BTC should affect the sats denominated pricing of goods, though liquidity might.

I recently went through a bitcoin - fiat pricing activity, and I ended up deciding I’d peg the price to fiat, since that’s what my costs were, and to be more fair to the other party since pegging to bitcoin will make it expensive relative to their income shortly 😈

Reply to this note

Please Login to reply.

Discussion

Avatar
boston wine 2y ago

Feels like a fiat peg makes sense right now from a business p&l perspective