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So you know how people complain about how Bitcoin is volatile? I'll typically respond that a Bitcoiner who is used to Bitcoin price movements is generally not phased by 5k dollar moves and can apply sticky prices to their goods and services.
"What Is Price Stickiness? Definition, Triggers, and Example" https://www.investopedia.com/terms/p/price_stickiness.asp
Well Wendey's decided to flip the script. "What if the dollar was volatile" they said, or rather since most people have a dollar centric view "What if hamburgers were volatile"
In a world of volatile hamburger prices, I currently speculate that Bitcoin businesses who don't apply sticky prices may do rather well, but time will tell. Looking forward to what you guys think about this one.
625 sats \ 0 replies \ @k00b 28 Feb
We discussed this some here: #440988
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