Eluc on Nostr: Just one thing that might not work long term. If everything is priced in BTC (sats) ...
Just one thing that might not work long term. If everything is priced in BTC (sats) eventually, what will incentivise companies to reduce their prices as fast as Bitcoin gain value? Like now they want to increase price to not loose money or to make more money, then they will try to keep as long as possible the price in sats before reducing it, for very competitive markets where it's easy to move to competition, that will works but for market with low competition and high friction to change, like real estate rental, people might be trapped paying the same amount of sats for years while it's getting hardet and harder to earn them.
Any tough about that?
Published at
2024-11-17 12:27:00Event JSON
{
"id": "41edd7430a23f91d3a291403685bf733311facec603239eee7cc50242ef014f2",
"pubkey": "cf7ad05f8e99de8eadbbfbd5ca1c0f9b75499bce07074966b277688ca5e1d726",
"created_at": 1731846420,
"kind": 1,
"tags": [
[
"e",
"4671942ccfd2d6416bb9fc07a0701ca35a8dd2144b5c1e09525c68f464943cbc",
"",
"root"
],
[
"p",
"5405e5fdc603937fc37d5704b8dd769c916e26a461b628af51ad598553eae835"
]
],
"content": "Just one thing that might not work long term. If everything is priced in BTC (sats) eventually, what will incentivise companies to reduce their prices as fast as Bitcoin gain value? Like now they want to increase price to not loose money or to make more money, then they will try to keep as long as possible the price in sats before reducing it, for very competitive markets where it's easy to move to competition, that will works but for market with low competition and high friction to change, like real estate rental, people might be trapped paying the same amount of sats for years while it's getting hardet and harder to earn them.\n\nAny tough about that?",
"sig": "b5a43296a4f3f609a347d8f83668341502a476bc358752624c8f50e3dce98e3eed1d13c64863728e7bee46e411880e4bc6b16f133a2076a7729f652110179513"
}
