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0 sats \ 0 replies \ @BlokchainB 11h \ on: How do Bitcoin Circular Economies Work in Terms of Price Discovery? bitcoin
And finally, how does price discovery (between Sats and everyday items) work in those economies? Are the prices still denominated in local fiats and the conversion happens at every purchase? Or somehow by negotiation we get a Sats denominated market clearing price for everyday items?
This is something I struggle with to understand myself. The supply demand approach makes sense but outside market forces come into play thus can change price signals beyond just supply and demand
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