Quote from: Elwar on January 04, 2017, 05:01:32 PM

Quote from: lightfoot on January 04, 2017, 04:02:37 PM

I have a problem with this price rise:

As many people know, I fix people's bitcoin miners for bitcoin payments. Thus I have to account for my time, skills, experience, and material costs (damn FPGAs are expensive when they blow up). I price my work in bitcoin because I want this currency to have a reason to exist other than as a speculation thingie.

Problem is the fluctuations: If I charge .3btc for a service and bitcoin drops from 600 to 300 I don't want to raise my bitcoin prices so I kept them constant. Likewise if it goes from 600-1200 I don't want to change my prices for the same basic reason (I'm doing work for a certain amount of bitcoin). But if it keeps going haywire, what do I do? What's fair? And at what point am I simply doing work for dollars instead of Bitcoin?

It's complex.

I get it. You're trying to be true to Bitcoin and lead instead of follow. That's good.

During the big swings you should be able to adjust your price. Bitcoin has a lot of time that is fairly stable but at times it has its growing pains to adjust to demand. During those times you'll need to adjust with Bitcoin as well.

I sold someone a pair of boots for $300 when the price was about $10/BTC. The boots took over a month to get to the buyer. By that time the price had climbed to over $20. The customer was not happy about it. I gave him half of the upward value back as a gesture of moving forward with Bitcoin and keeping commerce going even when the price moves a lot.

Did you sell your moon boots Elwar?!