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A comment on Bitcoin rises. Parent comment

Re:Bitcoin rises by Eliezer on Tuesday March 19, 2013 @11:20PM (#5405409)
Oh, sorry, I didn't understand your original proposal.

This is a loan denominated in dollars, it's just being transaction-settled via Bitcoin. The medium of account is dollars and the medium of exchange is Bitcoin. This is pretty much exactly the original point I was talking about. :)

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Re:Bitcoin rises by erikpukinskis on Tuesday March 19, 2013 @11:51PM (#5405522)
Well, it's not really denominated in dollars, it's denominated in the CPI. You could also have a Bitcoin Price Index that tracked how much spending power Bitcoins had and denominate your loan in that.
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