Bitcoin Forum

Bitcoin => Legal => Topic started by: Possum on November 28, 2013, 09:23:49 PM



Title: Bitcoin Contract
Post by: Possum on November 28, 2013, 09:23:49 PM
Hi

We all know that the value of Bitcoin can be a on a bit of a roller coaster as far as equivalent Dollar Value goes. I think there needs to be a standard document (Contact maybe)  that two parties can sign that locks in the value of a dollar and a bitcoin for the duration of that contract.

I have no idea how to word such a document.

Is this a good idea..


thx


Title: Re: Bitcoin Contract
Post by: gadman2 on November 28, 2013, 09:25:23 PM
This would definitely not be a good idea.


Title: Re: Bitcoin Contract
Post by: niothor on November 28, 2013, 09:27:37 PM
This would definitely not be a good idea.

If it's between two people it can be done once the two agree.
At a higher level , macro , no it's not possible. a good idea.
I just realized the chinese yuan it's one of those things.