reply on: SN Territory Rent in a bull market \ stacker news ~meta

327 sats \ 4 replies \ @mo 6 Mar \ on: SN Territory Rent in a bull market meta

Honestly, I do not like sports, especially if driven by gambling and easy fake money-making. I do appreciate athletes much more. Please don't take me wrong, but I smell a bit of fiat mindset here!

I'd say sat-price it's likely to increase, not decrease! Bitcoin value expressed in $ does not matter. I'd not say is an investment either, because that way you'll be driven by profiting from it (still part of the dirty fiat mindset).

If instead your intent is to create value the sats will come back, but you should not expect anything, if not just having fun on the way. If you aren't seeing the results you hoped for, then change strategy, adapt. in the worst case scenario, you learn the lesson and start something new ;) so yes, in this case the investment is for you to learn, but not for profiting.

Having just one owner for territory is still part of the fiat mindset (at least from my perspective). What I'd like to see are functionalities for people to contribute in a much more collaborative way to territories.

0 sats \ 2 replies \ @grayruby OP 6 Mar

That's ok. I am sure there are things that you like that I don't.

Thanks for the feedback. I am not in it to make a profit. Thus far I have spent 400k sats and earned 14k sats in revenue. I am not asking for a price reduction. I am asking the community if they think as Bitcoin's pricing power grows the price of territories should remain the same. If Bitcoin's purchasing power increases by 2 or 3x for everything else in the world, should things priced in sats (territories included) fall as well?

50 sats \ 1 reply \ @mo 6 Mar

I totally understand, and is a fair question to ask due to the current volatile circumstances. You're maybe missing the small detail that also SN will grow 2 3x too... maybe!

0 sats \ 0 replies \ @grayruby OP 6 Mar

Yes that would be the ideal scenario and I think territories are part of that growth opportunity which is why I posed the question.

0 sats \ 0 replies \ @mo 6 Mar

You're still paying rent... Owning is a totally different experience ;) Think about real estate, do you ever heard someone asking a bank to decrease the monthly payments? Yes sure, you can refinance and find better rates, but the monthly fee will never decrease. Or maybe I'm wrong... have no experience with that!