It's so weird, to me, when people complain about zaps getting smaller every year.
All prices in Bitcoin are going down forever, in nominal terms.
this is the new normal
It's so weird, to me, when people complain about zaps getting smaller every year.
All prices in Bitcoin are going down forever, in nominal terms.
this is the new normal
I wrote about how you should account for steady price deflation in a zap economy. This applies to all prices, including V4V, which are informal sales contracts.
Basically, the more you want the sats, the more reluctant they will be to spend them. Forever.
Probably need to set satoshi prices according to a benchmark, like the US dollar, energy prices, gold or something.
Like, a year long contract could benchmark monthly invoices against a 6-month moving average against the dollar.
I do this, with my zaps. Always circa 2¢ worth, at the lowest level, and I scale up from there.
With long-term sat contracts, you are giving them income security. That is worth a lot.
If the contracts don't benchmark, then you are giving MORE MONEY every year. That's two presents. Stop that.
They just don’t get it. „Ahhh, deflationary…. You know your wage has to go down too right? People don’t want their wage to get smaller.“ they don’t see how they can save in bitcoin and have a wonderful live