4 ms·

I thought he said BTC wouldn't succeed as a payment mechanism, but might as a settlement and clearing one.

• nailer 12y ago
  You can specify amounts in USD and get the exact amount back regardless of BTC fluctuations, which seems close to his original premise.
  • foobarqux 12y ago
    Not that close since to the user it is a BTC payment system.
    • Pyxl101 12y ago
      Why couldn't the user buy the bitcoin in dollars moments before, using the same price-stabilizing mechanism? Could an exchange engage in both operations simultaneously somehow as a sort of market-maker?