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175 sats \ 1 reply \ @netstatic 10 Sep 2023 \ on: If we sold bread at a fixed price, like 5000 sats, would you buy it? bitcoin
My thoughts from a similar previous post:
Addressing the question on how we'd use Bitcoin as a future unit of account, I think Bitcoin prices will be used after the value of Bitcoin has been stabilized (when the block reward is nearly gone and .the world starts to move to a Bitcoin standard)
#243317
If you're a merchant who's willing to made flat sat-denominated prices then go ahead, but the prices will probably need to change just as rapidly as the exchange rate in your country of residence does (unless your country of residence is already Bitcoin-denominated)
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0 sats \ 0 replies \ @BOLT11Village OP 10 Sep 2023
Great thinking!
The question here would be, what if the value of Bitcoin never stabilizes?
What if "the world" never moves to a bitcoin standard? What do we do then?
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