I have to wonder how hilarious it would be to get paid in only bitcoin with the ... | Hacker News

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base698 on March 7, 2013 | parent | context | favorite | on: The Coinbase Android App Has Launched

I have to wonder how hilarious it would be to get paid in only bitcoin with the amount of volatility. Your contract starts at 10K BTC/year worth $30000 at the start, and after a year of 14000% increases you are being paid $440000 in BTC. Seems like a huge hedge would have to be built in.

edward on March 7, 2013 [–]

The contract would be priced using paper money like USD. At least until the BTC volatility calms down.

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