Replying to Avatar vinney...axkl

Last week I heard about a guy down the road from me who sells fresh chicken for Bitcoin. I've bought his chicken before and it's great - but that was before he took BTC as payment. I've been meaning to see what his prices as like. If I make it over to him this weekend I'll let you know. (also bought some excellent blueberry preserves from nostr:nprofile1qqsg8vu4lh5gtdmwhe6qvk9lx98fzs2df4htd7uj8y5h25477vduwmqpz3mhxue69uhkummnw3ezummcw3ezuer9wcq3xamnwvaz7tm0venxx6rpd9hzuur4vghszyrhwden5te0dehhxarj9ekxzmnyarquzg recently: 10k sats)

Spoiler alert though: my guess is the chicken guy just takes the USD price that everyone else sees and converts it in the moment to BTC. You could do the same to "find a Bitcoin price" for the things you mentioned, you know? **For now** that's going to be the common method.

The interesting bit when you do that is everyone's prices keep going down over the long run.

Does your 1m SATs/day income cover your expenses for a day? Now and in the future let's say for a year to come? How can you plan ahead with prices changing all the time?

How is everyone's prices going down a good thing, how much will yours go down?

Reply to this note

Please Login to reply.

Discussion

I'm sorry, I'm not here to fully educate you on the economics of deflation. We've talked a bunch and I've pointed to various paths. It's okay if you're not interested or disagree, but thus far your (Socratic?) questions haven't moved me.

No hard feelings 🤝