4 ms·
I've heard of some FinTech startups that are offering forward-contracts (think futures, or put-options) on Bitcoin. If I can get my hands on those kind of contr
by MalcolmDiggs 11y ago
I've heard of some FinTech startups that are offering forward-contracts (think futures, or put-options) on Bitcoin. If I can get my hands on those kind of contracts, I'd totally accept my salary in bitcoin. It seems like that would eliminate any potential downside, as long as those contracts are relatively cheap to buy.
- rahimnathwani 11y agoI can't imagine options would be cheap to buy, as the seller is taking on all the risk, and they will take into account the volatility of the underlying asset when determining the price they would be willing to accept. Forward contracts are different from options. But what's the point of being paid in BTC every month, if you enter into a set of forward contracts to convert that BTC into USD? It's equivalent to being paid in USD.