as they launched as the price started to skyrocket
Sorry, we were actually making jokes in the background how SN will start the bull run with the launch of territories.1
The value of our revenue and rewards should keep increasing as well with the bitcoin price which theoretically could offset the rent cost increasing for people like me who consider revenue and rewards as a means to breaking even on rent. However, I do wonder as price rises if rewards and zaps will get smaller as people mentally value their sats at a higher rate even though we should all be valuing sats more than we do.
Yes, that's a good point that @Undisciplined raised. I am again talking mostly for myself—we didn't have much discussion regarding territory pricing internally and I'm talking for myself almost always anyway—but my opinion is that we shouldn't reprice, at least not too early.2
As you probably know, the price can be pretty unpredictable so we don't want to make any changes that "distort the market for territories". However, the moment we change the price, it's clear that we do change the price and a significant amount of people might start trying to time the market by reading stuff that isn't there into whatever we write here or bother us with asking for more updates.3 So we can't not distort the market. Even just talking about "our plans" (that don't exist) feels like distortion or even market manipulation. Price updates feel a bit like forking bitcoin: If you fork it once, what's stopping you from forking it again? As history shows us, apparently nothing.
This would also play into @TonyGiorgio hands since he likes to mention that territories are essentially securities and with updating the price (in whatever direction), we might indeed kick-start a market for territories (as @DarthCointhinks I am already doing with territory transfers for some reason).
So in your case, I would not anticipate any change in price on any timescale. Consider it to be a constant in a sea of already too many variables on the path to break even or even being profitable. For example, some territory churn might even be desired. Maybe in some absolute crazy way, we could compare territories to bitcoin mining: if one goes down, every other territory generates more revenue because attention is less dispersed?
But obviously, I am very biased and I might just mean "just spend 3m sats and get peace of mind" so you shouldn't listen to me anyway so I'll stop with unintentionally manipulating any dark net markets.4
Simply writing "at least not too early" already makes me feel like I am manipulating a market that doesn't exist. ↩
Not saying that posts like these bother us, but I hope it's clear that if we update the price, posts like these might become more and not less as one might intuitively think. ↩
No, there are no dark net markets for SN territories. It was just a joke that wasn't necessarily even meant to be funny. More a lack of me being able to express how I feel talking about this topic. ↩
Footnotes