Paying a PR firm with Dash rather than fiat should be a good idea...
the better they do their job, the more Dash appreciates, then the more they will earn.
Agree~! And that makes Dash become more Dash~
agreed, nothing wrong with that .. you may even attract some longterm investors that way.
Please explain this absurd logic to me.
What business in the todays world does this?
We are taking on an incredible risk of paying them 2-100000x of what we should have, for no reason at all.
Take the risk out of the business relationship so it doesn't go sour, because it will go sour if this is how we approach it.
Businesses should have the possibility to be paid out in Dash if they want to, they of course need to know the risk they take on with that
as the price can go up or down but at the end it will create a Dash eco-system which is what we all want. The problem with Bitcoin is currently
that nobody wants to be paid out in Bitcoin and use Bitpay to avoid it, Dash could go the other way as we are more then just a fluctuating price
and look very healthy longterm to the outside.
Also remember this is just for a three months period for this specific budget proposal with currently two months remaining.
I think in the future...we need to be clear on how we are valuing the contract. If it was hedged on USD or some other fiat...then so be it. On the other hand...if it was hedged on DASH alone...we cant fudge on this. If at the time of the contract DASH was $2.50 USD and later DASH is worth $20.00 That has NO bearing. I do this often...sometimes it benefits me greatly and sometimes I loss. I'll give a real world example of a fiat transaction at our winery.
I ordered 12 French Barrels from Boutes in France and 12 barrels from Seguin Moreau from Napa. One quote in Euros and the other in USD...I live in Canada, so need to convert.
Our currency tanked to the USD...I got hosed on that...because I agreed to pay in USD...i cost me nearly 25% more from the initial placement of the order. At $1200 per barrel, this difference adds up. The contract was in USD...that is what I'm paying in. End of story.
Its the risk we all take...and in the case of this DASH contract...it could have gone the other way. I've not seen the original deal...but my suggestion is, if we agree to pay in DASH...we pay in DASH. Just my opinion on this.
Every proposal that is based on a fixed USD amount, from the moment it is presented, contains immediate market risk...
If you require USD 1000 and current Dash price is $4.00, then you ask for 250 Dash. You, the proposal owner, take on immediate market risk - when your proposal gets paid, those 250 Dash will be worth either more than or less than the required $1000.
Or you can transfer that market risk by convincing a service provider to accept Dash rather than fiat, in which case the service provider will end up with more than or less than the $1000.
The budget system itself does not, and can not take on market risk - it pays 250 Dash regardless of market price. Rather, the market risk must be borne by either the proposal owner or the service provider, and they will do better or worse depending on the market.
With multiple payments further in the future, the market risk is of course magnified.
Edit: whoever assumes the market risk should be entitled to any upside reward, just as he is subject to any downside loss.
Bump for all of you guys~!
The solution of the old problem will lead to the production of the new problem. You can't count on a system to solve all. As for our DGbB system, considering its first deployment, i think it works pretty well. And i suggest We should not allow the system(DGbB/Vote system) to assume more of the functions that should not be assumed.. Totally agree with the ecosystem (Positive cycle machanism) and market risk opinions. And I appreciate each of our proposal executive team's work. For excample, if there would be a "continue contract" with Transform PR/Michael Terpin, I'll vote yes, again.