Every time I see someone selling shit for sats denominated as $ , I always wonder if it’s the better way 🤔🤔🤔
Discussion
Maybe, it's sometimes easier, think it was about 105k sats at time.
I don't think fiat amount should be shown when the transaction is with sats. I think it's an unnecessary crutch. Leave the fiat conversion for your exchange or wallet.
But my observations suggest that every time there is a bull run, sales stop. So general opinion is different from the ideological theory. I wish 1=1 was a reality, but it’s just not 🤦🏼♂️
True, if you selling a product and say the product cost like $50, say at one point $50 is equivalent to 100k sats, but then Bitcoin goes up a lot like we've seen and all of a sudden people are paying 100k sats still, but now it's equal to around $100 for the same product.
You'd think it would be really easy to just inciude a conversion script that dynamically adjusted the sat price based on the current fiat value in the e-commerce platform. That way, merchants wouldn't have to be concerned with the fluctuating conversion rate. It could just be automatically managed in the background.
We’ve set our pricing based on $100K conversion, and that is still bad since people psychologically just can’t process that 🫡
Yeah, it gets confusing, especially for new people to Bitcoin.
We could set up a dynamic pricing situation where the amount of data changes based on the current price, but that gets really confusing.
Could you do the average of a weekly/biweekly range? Say the lows and highs of the week and then average them out by how many data points you want to take?
BTCPayServer has it all with the configurable buffer. It is easy to do, no need to even think about it