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nobody 1 year ago
Would there be any viable subscription model wherein the product or service offered could be purchased ahead of time using a payment method which has fluctuating value? Would the early adopters need to be offered a refund or an invoice for additional required payment based on the payment method’s value as time passes?

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frphank's avatar
frphank 1 year ago
The possibility of refunds or invoices creates financial risk on one side or the other which is what we wanted to avoid in the first place. The only way you can financially plan ahead is with a stable currency, the more stable the better. Bitcoin is fundamentally unable to achieve that, the best we have today is central bank fiat from civilized countries. If you want to design your own possibly "more digital" finance scheme you'd have to design it "stability first".
> Bitcoin is fundamentally unable to achieve that, the best we have today is central bank fiat from civilized countries Would you have a take about El Salvador disclosing and moving to a physical location within its territory the keys of its bitcoin? ( Something alike, `El Salvador has X amount of bitcoin, and also has X amount of land, and people, so its value should be...'. What I'm meaning is, isn't valuation also a challenge fiat central banks has? although I do get central banks go from 0 to infinity to start measuring, whereas bitcoin starts from a point (21 million) and goes towards 0