DarthCoin on Nostr: Another thing I want to add to this. People should start valuing their labor and ...
Another thing I want to add to this.
People should start valuing their labor and products in sats.
Saying that a beer cost 1200 sats ($1) or something like that, it means you are still "pegged" to fiat world, because you are always go back and make the fiat conversion of your sats.
I'll give an example how I do it.
I do some work, during a week. All fine.
But when I am about to make the invoice to the client, first I calculate in sats: (not in fiat)
- how many hours I've spent doing that work
- how much energy, materials, consumables etc to do that work
- calculate how many sats were spent per hour or per day and the total cost in sats
- add a 1-5% to the final cost, as being my research, previous time spend to learn
- add a 25-30% as profit
- then make the invoice in sats. No matter how much is the BTC/USD
That's how you will find out that Bitcoin IS the ultimate stablecoin!
STOP THINKING IN FIAT.
START EARNING IN SATS
People should start valuing their labor and products in sats.
Saying that a beer cost 1200 sats ($1) or something like that, it means you are still "pegged" to fiat world, because you are always go back and make the fiat conversion of your sats.
I'll give an example how I do it.
I do some work, during a week. All fine.
But when I am about to make the invoice to the client, first I calculate in sats: (not in fiat)
- how many hours I've spent doing that work
- how much energy, materials, consumables etc to do that work
- calculate how many sats were spent per hour or per day and the total cost in sats
- add a 1-5% to the final cost, as being my research, previous time spend to learn
- add a 25-30% as profit
- then make the invoice in sats. No matter how much is the BTC/USD
That's how you will find out that Bitcoin IS the ultimate stablecoin!
STOP THINKING IN FIAT.
START EARNING IN SATS