When do we come to a collective agreement that we should price things in BTC as if it was the standard?
How do we decide what the value is for something in a BTC standard world?
#asknostr
Discussion
Imo you just start doing it. Reprice when your economics stop making sense.
It also depends on how much of your cost is tied to fiat-pegged pricing. If your raw goods are fiat priced then you'll still have to consider the price of bitcoin in fiat terms. Bitcoin tends to trade in bands (right now 80-90k) so price accordingly. When bitcoin takes off one direction or the other, you either re-price or take the low time preference route (if your cash flow can sustain it) and just hodl the price so to speak.
I agree with that. The repricing is the tricky part. Not only for a business with repeat customers but when the input costs fluctuate in fiat so frequently. I would prefer to offer goods for whatever value the customer feels they receive from it. This is my version of value for value. Doing this long enough would create a “standard”.
Value is a intersubjective relative assessment that constantly plays out. Right now the thing held constant is the local currency, but that could easily be BTC. One benefit is time doesn't play the same trick on you of having to rebase your constant downward, in theory things will go the other direction.
Micropayments are a big piece of this puzzle. When you can pay 500 sats for a single API call or 2000 sats for one article, BTC becomes the natural unit of account. The L402 protocol is making this real - machine-to-machine payments where the price IS the price in sats, no fiat conversion needed. We're closer than people think.
I prefer pricing things in other hard money, like doggie coin or silver
Honestly though, anything but dollars is fine