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Title: BitcoinBazaar.com - We need your input! Post by: BitPorium on October 06, 2011, 05:08:38 AM I have decided to move forward with BitcoinBAzaar and allow if to start small and powerful and eventually grow. I am at the point where I need to know how the community would like for us to handle pricing. We are leaning towards being 100% BTC with no influence from exchange rate but we would like to ask the community what they think. I am especially interested in any input from prospective merchants.
My vote. Price solely in BTC. P.S. If you have any other feature request or suggestions, I will be happy to hear them. Title: Re: BitcoinBazaar.com - We need your input! Post by: deslok on October 06, 2011, 05:16:21 AM Since the bazzar will allow any merchant to sell their goods if i understand correctly why not allow each merchant to decide on a per item basis
Title: Re: BitcoinBazaar.com - We need your input! Post by: BitPorium on October 06, 2011, 05:52:40 AM Very interesting. I think that will work best. I will add that into the poll
Title: Re: BitcoinBazaar.com - We need your input! Post by: GamingG on October 06, 2011, 11:15:49 PM It is better for Bitcoin to have sticky prices. It is better for merchants to have fluctuating prices based on exchange rates in their preferred currency. Unfortunately, until enough merchants have sticky Bitcoin prices, merchants won't typically favor sticky Bitcoin prices. Tragedy of the commons.
Title: Re: BitcoinBazaar.com - We need your input! Post by: deslok on October 06, 2011, 11:17:39 PM It is better for Bitcoin to have sticky prices. It is better for merchants to have fluctuating prices based on exchange rates in their preferred currency. Unfortunately, until enough merchants have sticky Bitcoin prices, merchants won't typically favor sticky Bitcoin prices. Tragedy of the commons. I'd like to point out that I as a vendor do have a bitcoin only price for my goods, however if they were to fluxuate greatly i would need to adjust it unforunatly :( Title: Re: BitcoinBazaar.com - We need your input! Post by: edd on October 06, 2011, 11:24:06 PM It is better for Bitcoin to have sticky prices. It is better for merchants to have fluctuating prices based on exchange rates in their preferred currency. Unfortunately, until enough merchants have sticky Bitcoin prices, merchants won't typically favor sticky Bitcoin prices. Tragedy of the commons. I'd like to point out that I as a vendor do have a bitcoin only price for my goods, however if they were to fluxuate greatly i would need to adjust it unforunatly :( I'm in the same boat. I held out as long as I could, but I finally had to adjust my prices to account for the weak exchange rate. If I could pay my mortgage with bitcoins, I don't think I'd ever exchange them for USD. Title: Re: BitcoinBazaar.com - We need your input! Post by: BitPorium on October 10, 2011, 02:24:25 PM Thanks for the input. I think this should be possible to get done.
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