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54 sats \ 1 reply \ @grayruby OP 6 Mar \ parent \ on: SN Territory Rent in a bull market meta
Everyone mentioning fiat to me doesn't seem to comprehend that it doesn't matter if you look at it in fiat or bitcoin terms when Bitcoin rises in fiat value it's purchasing power for every good in the world, except those statically priced in Bitcoin, increases.
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53 sats \ 0 replies \ @jeff 6 Mar
Yah, and zap-amounts are going to drop, as they are linked to purchasing power. Even if zappers claim otherwise.
So the yield on a territory will drop, relative to purchasing power.
If the team behind SN doesn't acknowledge this, just like any other business that ignores economics, the demise is inevitable.
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