0 sats \ 10 replies \ @DarthCoin 19 Aug \ parent \ on: Volatility Insurance For Businesses That Accept Bitcoin? bitcoin
What siggy wants is the stablesats offered by the Valet wallet. But is a stupid idea the stablesats. It create even more volatility because of the leverage. It's a vicious circle that never ends.
OK, I'm not up to speed on Valet. I don't think the volatility can be avoided until there is a large number of people actively using bitcoin. I think we are a LONG way from that day. Not because of anything wrong with bitcoin or the software around it. Because of what is wrong with humans. People are slow to learn and adopt new things that require some responsibility. Laziness and lack of curiosity.
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Because of what is wrong with humans
EXACTLY
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No you are entirely wrong on this topic. Volatitly is inherent property of human action and free marked. What you're missing is not about the dollar vs Bitcoin but is about Bitcoin vs commodities. And we are nowhere near even beginning on this way.
And Valet has no leverage yet on the backend. And the leverage will be 1 until we have more robust models and markets.
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Slow your roll. I never said volatility could be eliminated. At least that wasn't what I meant to communicate. Volatility is reducing over time as bitcoin becomes more widely understood and traded. I think you are saying the same things I've been saying in this post for what its worth.
I'm not criticizing Valet either. This is the first I'm hearing of it. That was Darth
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don't try to fool me. It doesn't work on me your cheap spells....
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?? I don't want stablesats!
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