0 sats \ 3 replies \ @Zepasta 7 Dec 2023 \ parent \ on: How risky are Stablesats? bitcoin
You mean holding fiat?
have fun having your sats regulated.
Why is USD trending to zero then?
And they could even be pink and have shiny sparkles! 🩷
Bruh. It doesn't change the fact that it's still fiat.
Personally, I wouldn't choose to use it. Even if I had a business, I would not use any of that stablesats crap, for all the reasons you mentioned in your post.
It would be great if you can expand a bit how you are growing a business with this form of accounting. How are you explaining your employees that they get paid less in a period of drawback? What do you do when ALL your cost suddenly increases 20%?
Do you pay your rent in bitcoin? Does your landlord accept getting 20% less rent next month?
Or do you own a house you inherited or paid off with your bitcoin gains?
If you own a house then why, if you could buy bitcoin instead?
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Does your landlord accept getting 20% less rent next month?
It's up to him to decide. He may prefer to receive the same amount of sats every month regardless of market value, it could be beneficial for both parties involved if my stack is big enough and he is confident the value of bitcoin will keep increasing in the future.
Another option could be for him to request the original rent amount in euros, but paid in sats at the current market value.
Either options are fine.
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hence reducing these risks
It's not about how many risks can be reduced. If it has a single risk, i won't use it.
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