Love it in theory, but how do you handle that when factoring in cost of goods that are priced in fiat?
If I’m buying a coffee from you, but you have to buy your milk from a farmer who uses dollars, that has to impact your ability to choose a sats price
We have established that there are only two parties, right? What each of you think and do on your respective sides of the bargain is not a Bitcoin service. Bitcoin is just the protocol that enables you to smoothly make the trade when you do agree.
Fair point. Is this how pricing is actually determined within established Bitcoin communities? That’s what I’m wondering
Ad hoc. P2P. Case by case. Whatever the traffic will bear. There is no standard.
That may be frustrating to hear, but there is no formula for equating one's own instance with somebody else's other than free market trading.
Fiat money sometimes handles this by having cost of living adjustments, wage and price controls, etc., but those are just lies that the public accepts until they don't.
Again, Bitcoin is just a payment protocol. It doesn't have any way to judge how much you should get.
Not frustrating at all. Cool, if anything.
Is your answer theoretical or do you you live in a circular Bitcoin community?
