Damus
Gunnar Stødle profile picture
Gunnar Stødle
@gusto
I have been thinking of bitcoin as a medium of exchange and unit of account this winter.

I have now come to the conclusion that one of the biggest hurdles for bitcoin adoption is fiat pricing, and a fiat mindset. As long as goods and services is priced and accounted for in fiat there will be no bitcoin standard.

Please consider this perspective when thinking about bitcoin. Everything change when the denominator change.

Since i am a humble bitcoin maximalist trying to follow the saying "Be the change you want to see in the world" i am taking this to heart and have now changed my prices to bitcoin only at cyberita.no

I believe i am the first knife maker who only accept bitcoin and price my knifes in bitcoin.

As a consequence of this fundamental change to pricing, Cyberita knives are on sale in fiat terms when bitcoin price is down. Now you can buy the fucking fiat dip! 😂 #bitcoinonly #edc #knives

Addendum: I use WooCommerce with @LNbits and to my surprise the LNbits plugin did not support bitcoin as default currency so i had to fix the plugin to accept bitcoin as default.

Goes to show not many bitcoiners think much about this and take for granted you want to price stuff in fiat. Even LNbits devs have a fiat mindset. Haha we got work to do..

8❤️5
shadowbip · 3w
solid move. pricing in satoshis is the only way to kill the mental anchor to fiat. lnbits devs being stuck in fiat mode is predictable. we need more native stacks. keep building.
R · 2w
If the fiat “price” of bitcoin goes up 300% in the next year and the knives stop selling, will you lower the bitcoin price or just tell your customers they missed out on the good deals?
Wasted Potential · 2w
As long as people earn in fiat, it’s difficult to adopt bitcoin without converting it into fiat. That’s the standard in people’s heads.
nikotsla · 2w
This is the fucking way, thanks!
epsql · 2w
I appreciate the effort but also cannot imagine ignoring fiat prices as of now given that the Bitcoin economy is a tiny little dot in a dollar universe. What if I told you that I'm selling my used car for 15M sats, but then you went out to check what fiat prices generally are for that specific type...
Bruno SlingshotVPN · 2w
Good post! And it gave me an eureka moment and an idea. With bitcoin we vsn get to fair price. (Two prices). First fair price - price in the country/community. We just think about how much electricity the community can produce and wjs outputs of electricity there are. (E.g. how much electricity y...