161 sats \ 6 replies \ @DarthCoin 6 Mar \ on: SN Territory Rent in a bull market meta
If people want dynamic price... that means they are still living in the fiat mindset and always try to make the conversion.
Only stackers with big balls will not need dynamic pricing because those will KNOW EXACTLY the value in sats of a territory.
People should stop "valuing" sats in USD. Instead you should start valuing products and services in sats. Sats are money. Money do not have a certain value. Are just a medium of exchange. Products and services HAVE VALUE. And that value is determined by FREE MARKET (demand and offer for that item).
I raised this question right when these territories were started: #342479 Darth was right again. Sorry @ek 😂😂😂
write
preview
41 sats \ 0 replies \ @ek 6 Mar
Darth was right again. Sorry @ek 😂😂😂
No need but I don't see how a simple transfer is a marketplace for territories haha
But you do you Darth, I seem to appreciate you in whatever form unfortunately
reply
21 sats \ 3 replies \ @grayruby OP 6 Mar
That's fair. We all want SN to thrive but if territories aren't worth the cost of sats as determined by the free market either SN folks will need to make an adjustment or the experiment will fail.
reply
50 sats \ 2 replies \ @DarthCoin 6 Mar
Every failure is a new beginning... You start over with a new method if something doesn't work as you expected.
reply
158 sats \ 1 reply \ @Undisciplined 6 Mar
That's just an extreme form of dynamic pricing.
reply
26 sats \ 0 replies \ @DarthCoin 6 Mar
😂😂😂
reply
20 sats \ 0 replies \ @UCantDoThatDotRugged 7 Mar
Easy to say. Sats are valued at the distance of time between now and when I have to spend them, taking into account probability of price change (which in the near term can only be seen as unpredictable, and in the long term can be seen as better than any other place to park it).
reply