0 sats \ 2 replies \ @DarthCoin 26 Oct 2023 \ parent \ on: Maybe All you Need is to Ask - Do you Accept Bitcoin? ⚡️ bitcoin
Wrong.
Stablesats are giving a false impression of "stability".
Those people could just simply price everything directly in sats and forget about any fiat price.
Then let the free market decide the VALUE of a product/service in sats.
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Haha just seeing these responses @DarthCoin.
Look, everybody who works at Galoy and on Blink understands that 1 BTC = 1BTC.
The dollar is a shitcoin, but it is the best shitcoin. In US/Europe people say "Buy bitcoin with the intent to hold it for at least 4 years". It's a different context, where Stablesats is useful. People who don't have access to banks, don't have access to dollars, don't have savings, and don't understand Bitcoin (yet). If they earn $30 on monday, they need it to still be $30 on friday when their rent is due. Rather than making them find an ATM or P2P exchange every time they earn money, they can now receive directly to stablesats or convert the amount they want to it.
Also it takes time and energy of local community builders to get a merchant to accept bitcoin, and to get people to spend bitcoin there... Folks have to be quite deep into the rabbit hole before pricing their products in sats at this time.
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