Oddbean new post about | logout
▲ ▼
mar 🇺🇲🇨🇦(₿) | 2 months ago (raw) | root | parent | reply | flag 
 I didn't mean actual USD. I meant Bitcoin but I converted the price into USD so everyone could better understand the value of it since BTC goes up and down. 
Until Bitcoin becomes the world's reserve currency I will continue and prefer to state the value in USD so it's easier to understand.
▲ ▼
frphank | 2 months ago (raw) | root | parent | reply | flag 
 Do you then continuously adjust the amount of Bitcoin locked to your key so that it keeps being valued at USD?
▲ ▼
frphank | 2 months ago (raw) | root | parent | reply | flag 
 valued at USD500 that is
▲ ▼
mar 🇺🇲🇨🇦(₿) | 2 months ago (raw) | root | parent | reply | flag +1 
 You bring up a good point. I didn't quite think about that. You wouldn't necessarily re-adjust the amount. You would just leave it in there.
If eventually it was worth too much you would have to re-adjust or if you really needed the money take it out completely.

The point of the locked in money is more to stop spammers then to take it out. So just enough that to stop spammers but no enough to break keep you poor.

I guess now that I'm thinking about it. It might be better if everyone agrees on a set price in Satoshi instead of USD. 

Just an idea to stop spammers because as Nostr gets more popular we will seem the bot farms and spammers attack us.