Replying to Avatar Yojimble

Dear Nostr, I need help getting my head around pricing in sats vs denominating in sats 😵‍💫 If in fact is not even the same thing?

I have a seasonal product that I make once per year (yes it's marmalade!), the cost for making it will not change until next year as I bought all the ingredients and materials already. If I wanted to 'price in sats' does this mean not changing the sat price regardless of any value increases/decreases over the coming year? Say bitcoin doubles, my customers would effectively be paying twice as much if I do not track the fiat price, when they should be experiencing a discount instead.

So far I believe I have been pricing in fiat and denominating in sats, therefore anyone paying with bitcoin gets their goods cheaper over time.

What is this idea for pricing in sats, perhaps I just don't understand the terminology?

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#asknostr #grownostr #priceinsats #bitcoin

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.

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