notonbirdapp on Nostr: Yup, this is the way :) They do get preferential treatment in terms of exchange rate ...
Yup, this is the way :)
They do get preferential treatment in terms of exchange rate (usually pay them slightly more sats than market price - rounding up) but I also try to teach them unit of account concept - for example - if I sell them some sats (like for euros they got for birthday) but my hot wallet is currently empty, I ask them to note down the amount in sats and come back in a week or something and remind me how many sats I supposed to send them. Works better in bull market, true, but the lesson learned is that 21k sats is still 21k sats.
They do get preferential treatment in terms of exchange rate (usually pay them slightly more sats than market price - rounding up) but I also try to teach them unit of account concept - for example - if I sell them some sats (like for euros they got for birthday) but my hot wallet is currently empty, I ask them to note down the amount in sats and come back in a week or something and remind me how many sats I supposed to send them. Works better in bull market, true, but the lesson learned is that 21k sats is still 21k sats.