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No I wasn’t referring to salaries and no I wasnt referring to just in time asset purchases. Oracle pricing just determines how much bitcoin - already owned - w
by vmception 5y ago
No I wasn’t referring to salaries and no I wasnt referring to just in time asset purchases.
Oracle pricing just determines how much bitcoin - already owned - will be sent for a payment at the time of purchase.
No more, no less.
- deleted 5y ago[deleted]
- grey-area 5y agoOh I see you mean the pricing of assets is actually in USD, but then they convert to bitcoin at the last minute, in an attempt to avoid the instability of bitcoin (which renders it entirely unsuitable for pricing anything). I like the cute name though - oracle pricing. But this won't help you if you're paid in bitcoin then it crashes, it will make it even worse than if things were priced in bitcoin where at least your spending power for the internal market would not change (even if external goods became more expensive).
- vmception 5y ago> The other half, of course, is people that choose to continue holding BTC would have wildly fluctuating purchasing power ether way. yeah we covered this. buy puts to stay delta neutral. its not that hard.
- vmception 5y ago*if subject to that system
- grey-area 5y agoYou're seriously considering ordinary people buy puts against their salary! Not going to happen.
- vmception 5y agoI'm considering that a service will do it for them. Be the change you want to see.
- grey-area 5y agoBut I don't want to see this change! I don't want to have to worry about buying puts against my salary whether through a service or not. I want a stable currency to transact in which isn't a get rich quick scheme and doesn't reward early holders more.