Replying to Avatar Yojimble

Dear Nostr, I need help getting my head around pricing in sats vs denominating in sats 😵‍💫 If in fact is not even the same thing?

I have a seasonal product that I make once per year (yes it's marmalade!), the cost for making it will not change until next year as I bought all the ingredients and materials already. If I wanted to 'price in sats' does this mean not changing the sat price regardless of any value increases/decreases over the coming year? Say bitcoin doubles, my customers would effectively be paying twice as much if I do not track the fiat price, when they should be experiencing a discount instead.

So far I believe I have been pricing in fiat and denominating in sats, therefore anyone paying with bitcoin gets their goods cheaper over time.

What is this idea for pricing in sats, perhaps I just don't understand the terminology?

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#asknostr #grownostr #priceinsats #bitcoin

For me, as I'm selling services and get paid on completion of the service, i take my usual price for a haircut in £ and tap that into my lightning wallet to bring up a sat price.

My only advice is to Keep it simple.

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