They″ll sell for more than $10k dollars. You’d be long bitcoins by owning that, and won’t be long bitcoins for the nonexchangeable version.
Apparently I left out the important part: The issuer of USDcoins2 would buy them back for either $10k or 100 bitcoins at their option, not at the option of the owner. Issuing USDcoins2 would be a hedge against either currency losing value which is why there would need to be an incentive for anyone else to buy them.
Eh, that’s the same thing as the straight up USDcoins, along with the issuer buying an option to buy back the USDcoin for 100 bitcoins instead of it’s market price.
The straight commission structure makes more sense to me. The bundle isn’t an attractive option to potential customers.
Eh, that’s the same thing as the straight up USDcoins, along with the issuer buying an option to buy back the USDcoin for 100 bitcoins instead of it’s market price.
My thoughts exactly. People use put and call options rather than ‘bundles’ for a reason. It’s just so much simpler.
They″ll sell for more than $10k dollars. You’d be long bitcoins by owning that, and won’t be long bitcoins for the nonexchangeable version.
Apparently I left out the important part: The issuer of USDcoins2 would buy them back for either $10k or 100 bitcoins at their option, not at the option of the owner. Issuing USDcoins2 would be a hedge against either currency losing value which is why there would need to be an incentive for anyone else to buy them.
Eh, that’s the same thing as the straight up USDcoins, along with the issuer buying an option to buy back the USDcoin for 100 bitcoins instead of it’s market price.
The straight commission structure makes more sense to me. The bundle isn’t an attractive option to potential customers.
My thoughts exactly. People use put and call options rather than ‘bundles’ for a reason. It’s just so much simpler.