Nostr Web Client

This bull cycle for BTC/USD pair will be interesting.

With all the new sites that allow #bitcoin as a form of payment, #Nostr getting more popular, subscriptions for relays, clients priced in sats.

There is a debate to be made:

1. Keep the current price of items, don't make any changes because 1 SAT = 1 SAT

2. Dynamic pricing is needed, to cope with the surge in BTC/USD pairs to the uptrend.

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Some companies/individuals will keep their prices the same in SAT terms. For example, 1 chair cost you 12,000 SATS even if that means those same 12,000 are worth over $150 (exaggerating for the example).

Now, with dynamic pricing would be that instead of paying 25,000 SATS you would be paying 2500 SATS or $15 for that chair.

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In my opinion, dynamic pricing should be the way, for now. Most people will consider the 25,000 SATS price extremely overpriced and go to the person that use dynamic pricing, this will allow new users to expend their SATS as well.

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Thoughts?

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Discussion

Lou 1y ago

Fucked the numbers:

For example, 1 chair cost you 25,000 SATS even if that means those same 25,000 are worth over $150 (exaggerating for the example).

Now, with dynamic pricing would be that instead of paying 25,000 SATS you would be paying 2500 SATS or $15 for that chair.

Nostr Gang 1y ago

I think dynamic pricing is good for most stuff but some people might be set on a flat Sat price for higher end items or products.

Matt 1y ago

List in sats but give discounts during bull market

Pirate HODL 1y ago

It eventually must go to dynamic pricing, as a Bitcoin economy will be deflationary. But the driver needs to be real demand. If we use fiat as the measuring stick, fiat remains the unit of account.

no₿ody™ 🧱 1y ago

Fixed sat pricing i think is too much, although it has a certain badass appeal element for bitcoiners

I guess my stance is dynamic pricing is the best option as long as the Fiat Standard™️ is around

Once there’s no fiat and everyone must work/create value in order to obtain sats, we enter the era Jeff Booth described, where technological advancements and productivity gains can at last be a truly deflationary economic force, and it’s all sats

Then again we could be wrong and Bitcoin could end up being pretty much just a savings account for a perpetual fiat standard. Fuck i hope not. But even then we’d do alright comparatively

Anyway tldr: +1 for dynamic pricing here, for now

liminal 🦠 1y ago

Thought it was the case that after we stop denominating sats in fiat, we'd be denominating sats in terms of energy consumptionf. Then everything else calibrates to that.

nicnym 1y ago

what are dollers?

rev.hodl 1y ago

Pricing in sats works well for sales in fixed windows of time. For example, I sold admission to the Applied Permaculture Class I held at my homestead for a fixed price in sats but the sales only took place for a one month period prior to the class. This created and interesting opportunity for those who wanted to buy the tickets to play the price volatility to their advantage. Another example, at the Lake Satoshi Retreat last summer I priced all the goods I had for sale in sats. This made it easier to transact over the 2 day event because the reduced friction in calculating prices was worth the risk of any potential price volatility at the time.

rev.hodl 1y ago

When it comes to pricing in fiat vs pricing in sats, most of the time pricing in fiat is the way to go but there are some instances where pricing in sats makes sense. Pricing in sats works well for sales in fixed windows of time. For example, I sold admission to the Applied Permaculture Class I held at my homestead for a fixed price in sats but the sales only took place for a one month period prior to the class. This created and interesting opportunity for those who wanted to buy the tickets to play the price volatility to their advantage. Another example, at the Lake Satoshi Retreat last summer I priced all the goods I had for sale in sats. This made it easier to transact over the 2 day event because the reduced friction in calculating prices was worth the risk of any potential price volatility at the time.