I have actually thought about this for in the future. This will be a very tricky metric. And I honestly don't know what the answer will be. Going to need someone far more intelligent than I to answer that question.

Once Sats are the medium of exchange for everyone in the world, those Sats will gain value on a daily basis depending on how much value the world created. Bitcoin will have to encompass that value. Like I said, a very tricky metric. I am not sure how we would measure that.

However, we are still in the very early stages of adoption. We are no where close to having to wrangle with that issue as of yet.

Right now, we are still measuring Bitcoin's monetary value in Dollars, or whatever national currency you use. Unless you as a business want to go in and change your prices on a daily, or even hourly basis (God candles) then I would suggest charging a firm fiat price that is denominated in Sats, and only accept Sats.

Perhaps someone has a better idea, but that's just my 2 Sats.

It’s a tough question and no right answer. Just do what feels best to you.

They way I do it: I set the price of our products in sats based on the rough fiat price at the time minus a discount for Bitcoin. As the price of Bitcoin rises, I gradually adjust the sats price down. People pay fewer sats over time for a jar of honey. But if Bitcoin falls I do not raise if again; people can temporarily buy honey at a discount and I get to stack the dip. It’s worked for me since we started but idk how it holds up longer term.

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I sell my feasts in £ but accept bitcoin as payment and just get the spot price. I guess when my feast is £60 a meal it’s easy to value but as sats it would be 77,000 sats which I think sounds like a lot of generation wealth to hand over where as £60 for a meal is kind of normal. Don’t know, hard one to call.

I think about doing a Bitcoin Camp. All prices in Sats. Same price, independent of the Fiat stuff.

I think you understand absolutely correctly.

Until prices are denominated in a stable money (ie Bitcoin, not fiat), we will be in this situation.

Right now we are at the mercy of Blackrock and VC money and whatever else is pushing the Bitcoin "price".

Its a natural 2nd order effect from prioritizing SoV use and wooing Wall Street adoption.

You've gotten so many good practical answers, and I just wanted to mention something that came to mind as I was reading your post. I think that it can be useful for us (bitcoiners) to start to think in terms of sats rather than fiat - even if you adjust your sat prices based on the fiat exchange.

Basically try to denominate your decisions in sats as much as possible, living your own life on a bitcoin standard, and then adjust prices as needed when you interface with the fiat world.

For me, as I'm selling services and get paid on completion of the service, i take my usual price for a haircut in £ and tap that into my lightning wallet to bring up a sat price.

My only advice is to Keep it simple.