The Monero circular economy is really growing. This is going to be an amazing place.
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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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Monero 167!
shortwavesurfer selling paper towels for 0.022 XMR
Somebodys gotta. When someone offers tp and dish soap (at standard prices) i will be buying. Paste from a chat log below...
I would highly encourage everyone to post advertisements for their products at the one year moving average, which currently is at very close to 150 USD. This shows that there is support at this level by sellers of real-life products and if the price for some reason drops below that level it will encourage people to purchase Monero to purchase your products.
When the price is above this level, fewer people will buy your products because they are more expensive until the price comes down some. And when the price is below this level, more people will buy your products which will pull the price of Monero up towards this level more.
As an example, I posted up some rolls of paper towels like this.
Amazon says $2.20 USD for 100 sheets $2.20/100 = $0.022/sheet. My rolls have 150 sheets $0.022*150 = $3.30 per roll
$3.30/150 (current 1yr xmr SMA) = 0.022XMR
This also avoids you having to change the Monero price all the time to keep up with the fluctuations.
The 1 year SMA does not change rapidly so you could get away with adjusting your prices say once a month on the 1st or such
When the price is below the one-year simple moving average, your products will fly off the shelf because they are a good deal. But you just do a quantity limit where you say I have this many of this product and once they are gone, they are gone until I can replenish them.
very cool. interested in how it improves above Monero Market
How does it improve over Monero Market?
I put several things on Monero Market a couple of months ago, but got no joy.