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0 pointspygy_15y ago0 comments

Or, if you sell software or other digital goods, you can set the price at a fixed rate per day (based on either a moving median, the closing price or whatever), and cash out at a longer interval.

It's a bit more risky (you may lose one day of sales if bitcoin was to crash definitely), but since you don't have any fixed cost, it shouldn't matter.

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Duff15y ago

That's a big downside of fixed monetary systems like what many developing countries used or the gold standard. In inability to inject liquidity perpetuates instability.

In the 19th century, you'd usually see financial crises appear in the fall before harvest, because local banks would be at their weakest point before the harvest came in and crop loans were repaid.

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0 comments

Duff15y ago

That's a big downside of fixed monetary systems like what many developing countries used or the gold standard. In inability to inject liquidity perpetuates instability.

In the 19th century, you'd usually see financial crises appear in the fall before harvest, because local banks would be at their weakest point before the harvest came in and crop loans were repaid.

j / k navigate · click thread line to collapse