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March 29, 2016, 05:49:22 AM |
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People don't really have much control over prices - they can basically take them, leave them, or hunt around to find someone charging less or offering more.
So when prices change, such as the price of gas or meat increasing rapidly (while people's wages increase only slowly if at all) consumers generally pay or go without.
But what if consumers could hedge against their own future purchases? For example, buying the right to buy milk at $1.69 within 6 months, when the current price is $1.60, and the consumer believes the current price is relatively low and they want to lock it in.
The overhead on this would be prohibitive, unless the bitcoin block chain ledger is applied. Just another form of contract.
Any laws that would prohibit this?
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