Do you know what fiat economy is? Let me illustrate it with a real word example. Stay with me for a bit, please 🫂💜
So, I do solar systems for living in Bulgaria. Recently my firm participated in a public auction for a project subsidized with government grant. Because of the funding, there are certain laws in place to ensure fair process and protect the government capital. The lowest price wins the project, based on a bill of materials and quantities, equal for all participants.
And we did, what each entrepreneur does - inspected the site, talked to suppliers for discounts, put the numbers in an ecxel sheet and decided to go for a lower than usual margin, because 1. the project is actually cool and 2. we haven't participated in such process before and we were cautious of competitors. Remember noone knows the bidding price of the other competitors.
On judgement day we were announce winners by a mile (20% lower than the average bid). But no, because our bid was that much lower than the average, it is prescribed in the law that we have to put a long form written explanation of how we managed to be that more competitive than the rest of participants. And the it's up to a jury commission to decide if the explanation gets accepted or we get thrown out of the project.
The consequence? Instead of the market punishing those who are less efficient and operate on inflated margings, it is us who are labeled out and have to justify that we can operate at that level.
Seriously, I need a hug by Jeff Booth@nostrverified.com (npub1z62…4w7p) and tell me that is it going to be ok 🙏
#plebchain #grownostr
dmtrmrfv
npub147…26uwa
2024-05-11 07:45:19
Author Public Key
npub1476573qcs38mujgqk09fe9sxk2ja505l5wgnuhgcvmayuy7cdd5sd26uwaPublished at
2024-05-11 07:45:19Event JSON
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"content": "Do you know what fiat economy is? Let me illustrate it with a real word example. Stay with me for a bit, please 🫂💜\n\nSo, I do solar systems for living in Bulgaria. Recently my firm participated in a public auction for a project subsidized with government grant. Because of the funding, there are certain laws in place to ensure fair process and protect the government capital. The lowest price wins the project, based on a bill of materials and quantities, equal for all participants.\n\nAnd we did, what each entrepreneur does - inspected the site, talked to suppliers for discounts, put the numbers in an ecxel sheet and decided to go for a lower than usual margin, because 1. the project is actually cool and 2. we haven't participated in such process before and we were cautious of competitors. Remember noone knows the bidding price of the other competitors.\n\nOn judgement day we were announce winners by a mile (20% lower than the average bid). But no, because our bid was that much lower than the average, it is prescribed in the law that we have to put a long form written explanation of how we managed to be that more competitive than the rest of participants. And the it's up to a jury commission to decide if the explanation gets accepted or we get thrown out of the project.\n\nThe consequence? Instead of the market punishing those who are less efficient and operate on inflated margings, it is us who are labeled out and have to justify that we can operate at that level. \n\nSeriously, I need a hug by nostr:npub1z6207puz6qy98h4hemuxusl94new8407ejg45rz2deal27cypk4qgg4w7p and tell me that is it going to be ok 🙏 \n\n#plebchain #grownostr",
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