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mjr_: they are just serving blank page
mjr_: which means that is just the price of bitcoins vs dollars
mjr_: unless you are too retarded to figure it out like cerelenius
mjr_: and you obviously can do it
mjr_: so hedging is expensive
mjr_: the option is expensive
mjr_: that is a pretty easy question
mjr_: they don't want to?
mjr_: i could show you a place that will do it right now
mjr_: you don't even know the difference between insurance and an option
mjr_: and barely understand how our current system works
mjr_: i have the right BUT NOT THE OBLIGATION
mjr_: you miss the key word
mjr_: insurance automatically PAYS if an event happens
mjr_: they give you an option
mjr_: you are obviously an idiot...no one hedges using insurance
mjr_: tell me how i can't
mjr_: and then they wn't give you full price whenyou refund it?
mjr_: like when you buy a tv on sale
mjr_: which is why futures markets are a thing
mjr_: you hedge so you end up with what you wanted
mjr_: if you dno't want fx risk to hurt you
mjr_: if you calculate losses in dollars
mjr_: if you calculate your gains and losses in bitcoin
mjr_: and the exchange rate changed i could "take a loss"
mjr_: if i bought servers from china
mjr_: have you heard of fx risk?
mjr_: i think you are mixing up a numeraire with something else
mjr_: they are pegging the value to the dollar
mjr_: which could be handled by bitpay in reverse
mjr_: the restaurant owner is just going to use his dollars to pay his accountant
mjr_: i don't care what they do after i paid for the product i purcahsed
mjr_: i can "map" the number of bitcoins onto any number of things
mjr_: it would be irrelevant to the number of things
mjr_: if there was one bitcoin
mjr_: things i may want to buy
mjr_: there is STILL things around me
mjr_: if there are 500 million of them buying 20
mjr_: you are not describing anything different between bitcoin and dollars
mjr_: and certain people have to use dollars out of necessity
mjr_: which is why bank balances are worht 0
mjr_: how could that system possibly work?
mjr_: almost like if you paid pesos for it?
mjr_: if i wanted an apple
mjr_: how is that important, you said it is impossible for it to work
mjr_: meaning they are trading bitcoin for soething
mjr_: they will ACCEPT bitcoin
mjr_: BITPAY says they want bitcoin
mjr_: the bid ask spread would be tighter than the dollar
mjr_: if half the world chose to use bitcoin
mjr_: the relative demand will basically set the bid ask spread (since bitcoins supply grows at a fixed rate)
mjr_: in other words, idiotic
mjr_: oh that is a guy with one arm, not human