Thanks. What this does mean is that for the receiving end of sats, assuming that we are right and the fiat guys are wrong - meaning Bitcoin is the better money - that they have an actual incentive to see how they can avoid FX risk to fiat. This is what any business with FX risk in the world does.
Assuming that we are right: if I have 50% of my revenue in sats and only 10% of my expenses, and I have 10% margin overall, there is an incentive for me to tune my liability side to about 55% being denominated in sats. That is a dream optimization for any business and it's hard to attain, but the incentive is there.
Thanks. What this does mean is that for the receiving end of sats, assuming that we are right and the fiat guys are wrong - meaning Bitcoin is the better money - that they have an actual incentive to see how they can avoid FX risk to fiat. This is what any business with FX risk in the world does.
Assuming that we are right: if I have 50% of my revenue in sats and only 10% of my expenses, and I have 10% margin overall, there is an incentive for me to tune my liability side to about 55% being denominated in sats. That is a dream optimization for any business and it's hard to attain, but the incentive is there.