Lou on Nostr: This bull cycle for BTC/USD pair will be interesting. With all the new sites that ...
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
or
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?
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
or
2. Dynamic pricing is needed, to cope with the surge in BTC/USD pairs to the uptrend.
---
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.
---
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.
---
Thoughts?