Dear Nostr, I need help getting my head around pricing in sats vs denominating in sats 😵💫 If in fact is not even the same thing?
I have a seasonal product that I make once per year (yes it's marmalade!), the cost for making it will not change until next year as I bought all the ingredients and materials already. If I wanted to 'price in sats' does this mean not changing the sat price regardless of any value increases/decreases over the coming year? Say bitcoin doubles, my customers would effectively be paying twice as much if I do not track the fiat price, when they should be experiencing a discount instead.
So far I believe I have been pricing in fiat and denominating in sats, therefore anyone paying with bitcoin gets their goods cheaper over time.
What is this idea for pricing in sats, perhaps I just don't understand the terminology?
SoapMiner (nprofile…zy2k) SweetSats (nprofile…t2h9) Cypher (nprofile…ghng) Aaron (nprofile…3sr2) what are your thoughts on this
#asknostr #grownostr #priceinsats #bitcoin
Yojimble
npub1me…23gnm
2025-01-10 15:54:09
Author Public Key
npub1me67k8t6vcncq75dlu8mxd70euvful56lz4ky20k3rmxgugvxq2qy23gnmPublished at
2025-01-10 15:54:09Event JSON
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"content": "Dear Nostr, I need help getting my head around pricing in sats vs denominating in sats 😵💫 If in fact is not even the same thing?\n\nI have a seasonal product that I make once per year (yes it's marmalade!), the cost for making it will not change until next year as I bought all the ingredients and materials already. If I wanted to 'price in sats' does this mean not changing the sat price regardless of any value increases/decreases over the coming year? Say bitcoin doubles, my customers would effectively be paying twice as much if I do not track the fiat price, when they should be experiencing a discount instead.\n\nSo far I believe I have been pricing in fiat and denominating in sats, therefore anyone paying with bitcoin gets their goods cheaper over time.\n\nWhat is this idea for pricing in sats, perhaps I just don't understand the terminology?\n\nnostr:nprofile1qy88wumn8ghj7mn0wvhxcmmv9uq3vamnwvaz7tmwdaehgun9d35hgetn9ehhyee0qyfhwumn8ghj7ur4wfcxcetsv9njuetn9uq32amnwvaz7tmjv4kxz7fwd3hxzafwdejhgtcpr9mhxue69uhhyetvv9ujumnfwqcr2tnnda3kjctv9uq3camnwvaz7tmjv4kxz7fwdehhxarj9e4xzcnzv4ezucmg9uq3wamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet59uq32amnwvaz7tmhda6zuemfwf5kumewdaexwtcpzemhxue69uhhwmm59ehx7um5wgh8qctjw3uj7qgkwaehxw309amk7apwwdhhvcnfwshxsmmnwshszymhwden5te0wahhgtn4w3ux7tn0dejj7qgkwaehxw309amk7apwwd5kzmtnw3ezucm0d5hsqgqskenqevr4f0acjfj5whtk0q6eaaz7c5nh352zv8gh6rfuk4g8musazy2k nostr: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 nostr:nprofile1qyfhwumn8ghj7ur4wfcxcetsv9njuetn9uq3wamnwvaz7tmjv4kxz7fwwpexjmtpdshxuet59uq3wamnwvaz7tmwdaehgu3w8p4j6mrpvghxxmmd9uq35amnwvaz7tmsv95kgtnwdaehgunfve5k2epwdaexwtcpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhszrnhwden5te0dehhxtnvdakz7qgawaehxw309ahx7um5wgcrytnndpshy6mndpskkefwdejhgtcqyzwmd0k4hwrhcxf2nmfgqmhgsqeswu20m3paq23yvy4rcxxfkrzw7rlghng nostr:nprofile1qqsvgj4kam4n5rjatjxc46p2ltgw89aal0yjqrta3lp7u99xn60hgrq5w3sr2 what are your thoughts on this\n\n#asknostr #grownostr #priceinsats #bitcoin",
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