52 thousand sats for a prety generic post with a hand full of comments. Am i missing something here @Koob ?

Congrats!

I struggled with this as well. How will goods and services be priced in sats? Then I read Safe’s book Principles of Economics and to me it’s quite clear. If the sat price is too high no one will buy it and if it’s to low supply might not be enough for demand so eventually the market price will be found where people who value your work will gladly pay the price you set which will hopefully compensate you enough for consumption you forgone to develop this content.

Good on you @Natalia, how is the course going? I just created the ~Agora territory. You'd like to share your digital course there as external link?

Hey I found this. Maybe can help you: #82175 A Stats/BTC price view for woocommerce.

Great experiment. More people need to do this, starting by me.

If you think about it, the Dollar is just a measuring stick. It used to measure quantity of gold and silver

Echoing Darthcoin:

Hey @Natalia, congrats on testing the grounds of the bitcoin online commerce: I'd be curious to know more about your projects :) Do you have any online links yet?

For the pricing in BTC I'd to know which plugin are you using? Are you setting the price directly in BTC or using something to do the conversion BTC>fiat?

For us here at VEINTIUNO has been a good challenge too, and we ended up building a set of FOSS plugins (some of them still being a WIP), you can check them all from https://veintiuno.world/brand/wordpress/

I'd also be interested in your writing course. It's available in English? You might be looking to translate it in Spanish? It will be a good collab

Your feedback will be much appreciated

I think you need to figure out the price of your services in dollars, say $997, or $97 dollars and convert those into sats.

And if the price of bitcoin doubles in dollars you need to adjust your price in sats.

I now think in dollars (still). I also have an online course site and I want to start receiving Bitcoin and sats.

But I think in dollars as that has been the mindset. My products are priced like $1997 or $997 or $597.

People in my market see these levels of pricing and they make a decision like hmm $997 I invest in something that solves this kind of problem.

A $1997 product solves another type of bigger problem. A $1997 course is a 6 week course that helps you generate x amount of business.

A $9997 level couree is like a mastermind. Next level course.

So the key question is: what are the mental models when you translate these into sats?

Do people think that a 3 million Sats course is a great course? Currently?

Would people pay 10 million sats to get a huge problem solved?

Maybe people will also feel attached to their 10 million sats because they think it will be more in dollars in about 2 years.

So how many people will you find that want to give you 10 million sats?

I think ultimately we will start thinking in sats.

The people in Venezuela do not think in bolivares. They do not price their products in bolivares because the bolivar is changing all the time against the dollar.

Of course if I price my services in dollars like the $997 dollars I am fooling myself.

The $997 dollar of last year is not the $997 dollar of this year. I had to adjust this price with inflation. Say 4.5% or 7%.

So the sats might be a better measure because there is no inflation of sats!!

If you forget about the dollar price 10 million sats today is 10 million sats tomorrow.

You got a piece of the total supply of Bitcoin regardless of the price.

We need to start thinking in terms of “ what is the piece of the total bitcoin supply I want for my service”?

Is this effort /course 10 million sats or 5 million?

Or is this service an effort of 100 million sats? Regardless of the price.

When other people start saying to buy my villa you need to pay me 1 bitcoin you know that you need to deliver much more value, equivalent to a villa to receive 1 bitcoin.

If somebody wanted to trade 1 villa for 5 teslas would you do it?

And for 3 teslas? 2 porsches for one villa would you do it?

In the last trading examples you are kind of guessing what the value is of the villa. Not in dollars. But you are trying to guess if the value is the same.

I believe that one way to massify the use of Bitcoin in e-commerce is that there are Marketplaces with this payment option (I mean important Marketplaces).

It may still be early to price things in sats. But at some point businesses will need to make that leap. If you believe that bitcoin will succeed then you can discount it at an even number.

I also couldn't find a sats denomination so mine look like 0.000002 (lol)

From my POV you still need to adjust the price especially if the BTC price goes up.

The reason is, if Bitcoin gets pricier, more expensive you product will be and probably less people will buy.

If Bitcoin gets cheaper, your product will also have less monetary value (on the other hand, more peopyare likely to buy, especially if gets a lot more cheaper compared to FIAT). But the question is, will be enough to profit?

Sadly, most people will compare FIAT and Bitcoin, also as you pay most of your bills in FIAT, you will need guarantee an income based on FIAT expanses...

But people like you, as more and more offer products and services through Bitcoin payment, the whole scenario shall change in the future.

Good job and good luck!