Comments on: I created another Bitcoin bond POC http://v1.ripper234.com/p/another-bitcoin-bond-proof-of-concept/ Stuff Ron Gross Finds Interesting Sun, 02 Aug 2015 11:03:35 +0000 hourly 1 https://wordpress.org/?v=4.5.3 By: ripper234 http://v1.ripper234.com/p/another-bitcoin-bond-proof-of-concept/comment-page-1/#comment-3945 Mon, 25 Jul 2011 05:42:50 +0000 http://v1.ripper234.com/?p=1535#comment-3945 Just like when you buy a dollar bond, nobody guarantees anything about the value of the dollar itself, just so in bitcoin.
You can buy bitcoin futures at http://bitoption.org

A lot of people are just holding bitcoin in their wallet anyway – so for them the risk tied to bitcoin currency is there anyway – this is just adding the risk that I default.

]]> By: Ron Gavriely http://v1.ripper234.com/p/another-bitcoin-bond-proof-of-concept/comment-page-1/#comment-3944 Sun, 24 Jul 2011 22:54:54 +0000 http://v1.ripper234.com/?p=1535#comment-3944 You may promise me that I will make 5.26% (assuming you will honor the bond, and not default on your word) but what grantee do I have that the value of bitcoin itself will not fluctuate?

In the normal currency market, I can buy futures and grantee the exchange rate in the future, assuming again that I trust banks that sell me the contracts will not foreclose, but bitcoin seems riskier, and therefore I am not sure that %5.26 is worth the risk (though anyone that does buy the bonds think it does)

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