I price my art in silver. This keeps me from having to constantly modify prices while protecting my value against debasement at the same time. Bitcoin is too undervalued to use for pricing goods and services. And people can still pay me the bitcoin equivalent.
Discussion
You are probably the only person on earth to do this. At least it's the first time I see someone do it.
Cheers to that.
You could just price in Bitcoin and your customers would continually get cheaper prices... You don't have to make this more complex than it is.
We're talking unit of account. If you price in Bitcoin your customers get higher and higher prices.
Well, that's if you look at it from a fiat perspective. In reality it cost the same amount of money. 50k sats.
No, of Bitcoin is your unit of account, your prices will continue to adjust down.... You don't price at 50k and keep it there forever. It goes to 40 then 30 and so on. You will always have to adjust pricing no matter you UoA as technology is naturally deflationary.
That is if you are a shitcoin.
Sure, right now it's impossible to keep up because Bitcoin is too new. But if we were 200 years in the future and Bitcoin was widely adopted, it's value would be considered stable. Maybe a 2% raise year over year.
I think many people in that case would be capable of taking 2% value year over year and keep their prices stable.
That wouldn't work for commodities, but if we were fully hyperbitcoinzed right now, I think companies like Hermès would keep their prices stable in Bitcoin instead of adjusting their prices for inflation.
But yeah, right now we find ourselves to have to adjust prices. And not just 1 time a year. But that's what we meant. We have to do it manually or else our prices, in fiat, are going up.
Dollar is UoA for everything and will be until it hyperinflates. Just price in dollar or price in Bitcoin and just adjust anytime there is a 10% increase or decrease in dollar price.