myself on Nostr: Bitcoin price is too volatile right now to use it as a unit of account for wages in ...
Bitcoin price is too volatile right now to use it as a unit of account for wages in the majority of cases. You are better off setting the price in USD (or whatever) and then getting paid in BTC at the exchange rate of the moment. If you set the price in BTC then the risk of one of the parties disliking the agreement sooner rather than later is high, which is an undesirable situation especially for a long term relationship.
Published at
2023-03-03 13:28:00Event JSON
{
"id": "003b0ebc4695df45aac0dd01f00caaa5c1588e7ac7ca43c11d56b1ccb3a53455",
"pubkey": "67ddca50751581c703c174790588c2cd8b00f80313d0f80a5b9e73d45e48ac20",
"created_at": 1677850080,
"kind": 1,
"tags": [
[
"e",
"4ca212966f8e166e3308447a2e615fc33334ab1b17792a96424e9aaf96fbdebe",
"wss://relay.snort.social",
"root"
],
[
"p",
"3f751c3eeb89898a7bc4946575279e687f27f043bfdcf7fc082f1c21381a49ca"
],
[
"nonce",
"2401",
"10"
]
],
"content": "Bitcoin price is too volatile right now to use it as a unit of account for wages in the majority of cases. You are better off setting the price in USD (or whatever) and then getting paid in BTC at the exchange rate of the moment. If you set the price in BTC then the risk of one of the parties disliking the agreement sooner rather than later is high, which is an undesirable situation especially for a long term relationship.",
"sig": "befad0a34e4bb55190550f2e29eeff8b5d5d0032970f679ee3f0f1fa64011beae50d88c726538e2a4f024f646dbc912ad02a6e832cef4256b3506a4cbe1ce53e"
}
