I would like to propose that we start discussing near term sat values of things.
My first suggestion, 200k sats for a gallon of honey.
What're some other commodities we can start pegging to bitcoin? #asknostr #circulareconomy
Discussion
I do like the #circulareconomy though and sats are an amazing medium of exchange - my favorite, actually.
Pegging commodities to bitcoin sounds like price controls?
There's no entity to force that conversion rate, so there can be no "control". I'm just positing that, right now, a gallon of honey is 200k sats
A Can of Beer. 12k sats should be the price, but seems 36k is likely the going rate.
12-15k for a can sounds good to me. We as bitcoiners all value it much more than the current exchange rate, which is why it may seem "underpriced" for the item for now. If we're going to have a sat standard though then the sat price needs to not change with the usd change
Might be fun to discuss, but aren't values set by the free market? 😀
The market in which we are actors currently trying to do price discovery?
Not sure how to answer your question. If by "price discovery" you mean assigning prices in sats, then, no. Don't we wish we could assign prices! 😀 If by price discovery you mean buying and selling things, or not, then, yes. Maybe you're suggesting talking about prices to try and figure out what's a price you'd pay for items and a price you say, "Nope, too much." Still, the transactions in the market establish prices regardless of our preferences.
Cool thought experiment. With my bouquets I've tried to get an idea, and they float around ~275K sats for the bigger ones