Oddbean

We're talking unit of account. If you price in Bitcoin your customers get higher and higher prices. Well, that's if you look at it from a fiat perspective. In reality it cost the same amount of money. 50k sats.

No, of Bitcoin is your unit of account, your prices will continue to adjust down.... You don't price at 50k and keep it there forever. It goes to 40 then 30 and so on. You will always have to adjust pricing no matter you UoA as technology is naturally deflationary.

That is if you are a shitcoin. Sure, right now it's impossible to keep up because Bitcoin is too new. But if we were 200 years in the future and Bitcoin was widely adopted, it's value would be considered stable. Maybe a 2% raise year over year. I think many people in that case would be capable of taking 2% value year over year and keep their prices stable. That wouldn't work for commodities, but if we were fully hyperbitcoinzed right now, I think companies like Hermès would keep their prices stable in Bitcoin instead of adjusting their prices for inflation. But yeah, right now we find ourselves to have to adjust prices. And not just 1 time a year. But that's what we meant. We have to do it manually or else our prices, in fiat, are going up.