Nostr Web Client

This bull cycle for BTC/USD pair will be interesting.

With all the new sites that allow #bitcoin as a form of payment, #Nostr getting more popular, subscriptions for relays, clients priced in sats.

There is a debate to be made:

1. Keep the current price of items, don't make any changes because 1 SAT = 1 SAT

2. Dynamic pricing is needed, to cope with the surge in BTC/USD pairs to the uptrend.

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Some companies/individuals will keep their prices the same in SAT terms. For example, 1 chair cost you 12,000 SATS even if that means those same 12,000 are worth over $150 (exaggerating for the example).

Now, with dynamic pricing would be that instead of paying 25,000 SATS you would be paying 2500 SATS or $15 for that chair.

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In my opinion, dynamic pricing should be the way, for now. Most people will consider the 25,000 SATS price extremely overpriced and go to the person that use dynamic pricing, this will allow new users to expend their SATS as well.

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Thoughts?

no₿ody™ 🧱 1y ago

Fixed sat pricing i think is too much, although it has a certain badass appeal element for bitcoiners

I guess my stance is dynamic pricing is the best option as long as the Fiat Standard™️ is around

Once there’s no fiat and everyone must work/create value in order to obtain sats, we enter the era Jeff Booth described, where technological advancements and productivity gains can at last be a truly deflationary economic force, and it’s all sats

Then again we could be wrong and Bitcoin could end up being pretty much just a savings account for a perpetual fiat standard. Fuck i hope not. But even then we’d do alright comparatively

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