205 sats \ 9 replies \ @Undisciplined 5 Apr \ on: View it in sats, not in fiat bitcoin_beginners
Many of us are still working on seeing things in sats. I've also been trying to think about what earning a living on bitcoin would require.
The trickiest part of that to me is trying to properly value sats. I believe bitcoin is worth much more than it's current dollar price and if I want to use it as a unit of account in the future, I need to know what it's worth.
That's a thought I often have. If I charged for a master or a mix of a song in sats, how much would I charge? What is my point of reference? Am I again going back to referencing the dollar, or another currency?
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I think you'd have to, but at least you'd be on the beneficial end of the transaction that way: i.e. the sats your receiving are worth more than they seem.
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I suppose there's also the V4V discussion, which I'm just getting familiar with. I'm curious how that could apply here also.
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Yeah, that's sort of an honor system + price discovery thing. If you have some audio that you can put out for free (maybe as promos or something), you could put them up on Fountain or one of the specialized nostr clients and see what kind of sats they bring in.
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Fountain is on my list to check out. Thanks for the suggestion.
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Fountain is a must have.
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This is true. Unless there is a community of bitcoiner audio engineers transacting in sats that I haven't discovered yet. That would actually be the better option!
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It really depends on whether your costs are denominated in sats or fiat. If your workers pay is denominated in sats and your contracts with suppliers are in sats, then you can maintain bitcoin prices.
This will be the unit-of-account stage of bitcoinization and I think it will be pretty difficult to do until bitcoin is more widely adopted as a medium of exchange.
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