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10 sats \ 0 replies \ @Fiat_Revelation OP 25 Nov \ parent \ on: Pricing in BTC bitcoin
Exactly. If the business accepted Bitcoin exclusively, then there would probably be some fiat bills to pay. Therefore trading it for local currency would be necessary ar one point or another.
I would think adjusting to prices to market value would be necessary to stay competitive.
If coffee is 2000 sats then I might whip out my lightning wallet today and buy one. But if the price jumps 50% in two weeks and the coffee shop hasn't adjusted their proces then I'll more likely walk down the street and get a fiat coffee, holding on to my 2000 sats.