I actually love the idea. Build it into an app so people can access it quickly and stay up to date.
So whos going to build this now?
Topic: Bitcoin ledger for personal micro-hedge trading? (Read 465 times)
The general idea is OK.
Perhaps we should consider applying it to the cost of your mortgage repayments going up ?
Inflation is low now and so are the interest rates, but it may not last forever.
Perhaps we should consider applying it to the cost of your mortgage repayments going up ?
Inflation is low now and so are the interest rates, but it may not last forever.
I'm not sure it works on a "personal" scale, it's severe overkill to require something that scales like the blockchain for every single person. I doubt there are many laws on this specific topic, but if you are creating futures contracts or hedging then you would probably fall under financial regulations. All this so someone could save $0.09 on one item? I know it'll add up over time but I don't think most people are that forward thinking.
People don't really have much control over prices - they can basically take them, leave them, or hunt around to find someone charging less or offering more.
So when prices change, such as the price of gas or meat increasing rapidly (while people's wages increase only slowly if at all) consumers generally pay or go without.
But what if consumers could hedge against their own future purchases? For example, buying the right to buy milk at $1.69 within 6 months, when the current price is $1.60, and the consumer believes the current price is relatively low and they want to lock it in.
The overhead on this would be prohibitive, unless the bitcoin block chain ledger is applied. Just another form of contract.
Any laws that would prohibit this?
So when prices change, such as the price of gas or meat increasing rapidly (while people's wages increase only slowly if at all) consumers generally pay or go without.
But what if consumers could hedge against their own future purchases? For example, buying the right to buy milk at $1.69 within 6 months, when the current price is $1.60, and the consumer believes the current price is relatively low and they want to lock it in.
The overhead on this would be prohibitive, unless the bitcoin block chain ledger is applied. Just another form of contract.
Any laws that would prohibit this?
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