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50 sats \ 1 reply \ @Taurus 5 Apr \ parent \ on: View it in sats, not in fiat bitcoin_beginners
Yes I was wondering how to value sats when the price against fiat changes 20%. If you’re a business do you still sell your beers at the same amount of sats or you bring prices down?
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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