2 sats \ 5 replies \ @DarthCoin OP 24 Sep 2023 \ parent \ on: "I can't pay my rent with bitcoin" they said. Here you have a solution! bitcoin
for the moment he wanted to stick with fiat value and paid in sats at the current rate.
But we've discussed about making a fix price in sats.
Makes sense. I used a fixed fiat when I was paying rent as well for a couple years. To my FIL, but it was still cool that he took sats.
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slowly we are conquering the world. One by one...
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We do not conquer the lands, we conquer the hearts. - Mehmed II
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How do you calculate the value when you switch to sats?
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Until bitcoin is the standard, I'm happy just basing my rent payment on a USD value. Let's say rent is $1000/month right now. That is roughly 4 million sats. I would MUCH rather send the equivalent of $1000 in rent rather than a fixed sat amount because if the USD value of BTC doubled, then I would much rather send 2 million sats for rent rather than 4 million.
It will get interesting in the future because currently we are "okay" with or rather used to rent going up a bit each each. In a bitcoin world, you'd almost have to envision a world where your rent goes down in sats each year as the purchasing power of it keeps going up.
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