352 sats \ 2 replies \ @Undisciplined 5 Jun \ on: Property Management built on Bitcoin bitcoin
One of the things you're doing is tapping into the psychological asymmetry between prices rising and prices falling. People like paying less and they hate paying more. It's the opposite of the "sticky wages" problem that was part of the justification for an inflationary monetary system.
If you make an agreement with a tenant that they pay 0.010 BTC per month and you're able to reduce it to 0.009 BTC, they'll be happy about that. On the other hand, if the agreement is $700 per month and you have to raise it to $770, they'll be pissed. All the while, this only happened because the exchange rate between BTC and $ changed.
I agree that it certainly taps into the psychological side of things for people renting and everyone's' desire to pay less or get a good deal....
However I think it does a bit more than just that....
It allows me, as a Bitcoiner a method that incentivizes my resident's to utilize the network in a method that helps us both....I get the "value" of rent paid in Bitcoin (which allows me to do many things with my business-mainly demonetize the FIAT value of my building by storing its value on the network(for one)) and my resident benefits through the potential lower cost of living through the splitting of the price appreciation...
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Yes, it does a lot more. I just wanted to point that one thing out.
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