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A comment on Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stiglitz Says. Parent comment

Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by pdkl95 on Wednesday November 29, 2017 @10:54PM (#15813346)
Which screws over any business that has a time lag between buying parts and selling the final product. If the value of money goes up as the product is manufactured, you have to reduce the price. If money deflates ~faster than your profit margin, profitable business is impossible.

[1] after expenses and other minutia

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Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by darawk on Thursday November 30, 2017 @11:29AM (#15817012)
You can hedge to fix that problem, if you are so inclined.
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Re:Bitcoin ‘Ought to Be Outlawed,’ Nobel Prize Winner Stigli... by pdkl95 on Friday December 01, 2017 @07:22AM (#15823399)
Hedging might fix small amounts of temporary deflation, but it isn't going to fix the fundamental problem of not being able to recoup the initial investment in materials.

The only way to fix this would be to require payment before manufacturing the goods so there isn't a time lag.

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