42 sats \ 1 reply \ @2bithits 9 Sep 2023 \ on: If we sold bread at a fixed price, like 5000 sats, would you buy it? bitcoin
TL:DR
Sat pricing needs to happen eventually. The problems for the seller are if their costs (rent, flour, electricity) are in fiat there could be times they are operating at a loss, while people are buying up their cheap bread & reselling it again.
Maybe for other products this might not be the case. I'd have to think more about that.
Another option is to round up/down to the nearest "whole" number ex: 4000, 5000. This would stop the sat/$ margin from running away in either direction.
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0 sats \ 0 replies \ @Undisciplined 10 Sep 2023
That's exactly the problem. All of their fixed monthly costs become variable costs when priced in Bitcoin. This is going to be a gradual process and Bitcoin activists will have to lead the way by being willing to take occasional losses.
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