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Oh, sorry, I didn't understand your original proposal. This is a loan denominated in dollars, it's just being transaction-settled via Bitcoin. The medium of a
by Eliezer 14y ago
Oh, sorry, I didn't understand your original proposal.
This is a loan denominated in dollars, it's just being transaction-settled via Bitcoin. The medium of account is dollars and the medium of exchange is Bitcoin. This is pretty much exactly the original point I was talking about. :)
- erikpukinskis 14y agoWell, it's not really denominated in dollars, it's denominated in the CPI. You could also have a Bitcoin Price Index that tracked how much spending power Bitcoins had and denominate your loan in that.