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RE: Another Crypto Milestone: Japanese Company Offers To Pay Employees In Bitcoin

in #bitcoin7 years ago (edited)

after the futures went live, a lot of the volatility disappeared.

Sincerely, I don't believe. A +10% in 24 hour is not "volatility disappeared". Losses of 2-4% in 20 minutes on many exchanges followed by new price spikes are not "volatility disappeared".

I have an opposite view: futures are not eliminating volatility. It is volatility that is killing the futures. In fact, many banks are blocking customers's access to futures because it is a too high-risk market. Volumes are really low, also because for a traditional operator margin trading on bitcoin seems to be pure madness. Wait and see what happens with Chicago Mercantile Exchange futures...

P.S. They dont pay their whole salary in brc, only a fraction. If you want to.

Yes, I have seen. My comment was a general consideration about the idea of live with bitcoin wages, an idea that is taking place in the minds of a lot of bitcoin-addicted. They are asking "please, force us to go all-in on the most volatile asset of the world"!
Really, really smart move.

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