From: ZmnSCPxj <ZmnSCPxj@protonmail•com>
To: Peter Todd <pete@petertodd•org>,
Bitcoin Protocol Discussion
<bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC
Date: Mon, 01 Apr 2019 03:02:28 +0000 [thread overview]
Message-ID: <w46b6dgqqyu8-vDImIzlztiQx-l22uzl8c9SLG-iIo7-_uZAfdjpV7a1b1FJqXeG09yuaeVOp5pe58HzDbtEBwZmW28hrG7TEiZDgJCUfaY=@protonmail.com> (raw)
In-Reply-To: <20190401011112.6icdkyjocf4qh5oz@petertodd.org>
Hard NAK.
A minimum 50000 USD : 1 BTC exchange rate implies that the value of 1 USD = 0.00002 BTC at maximum.
However, such a USD value in BTC value maximum makes no sense since the true value of 1 USD = 0.00000000 BTC.
(on Lightning, 1 USD = 0.00000000000 BTC)
In particular, the encoding proposed in the BIP does not support a representation of infinity USD per BTC, such that it is impossible to express the true value of USD under this BIP.
> * The USD/BTC rate used for the transaction, in standard signed integer serialisation, with all leading zeros removed (except as necessary to preserve the sign bit).
Regards,
ZmnSCPxj
next prev parent reply other threads:[~2019-04-01 3:02 UTC|newest]
Thread overview: 13+ messages / expand[flat|nested] mbox.gz Atom feed top
2019-04-01 0:30 Luke Dashjr
2019-04-01 1:04 ` Ricardo Filipe
2019-04-01 2:57 ` Thomas France
2019-04-01 3:04 ` Dave Scotese
2019-04-01 1:11 ` Peter Todd
2019-04-01 2:55 ` Omar Shibli
2019-04-01 3:02 ` ZmnSCPxj [this message]
2019-04-01 3:07 ` Satoshin
2019-04-01 8:55 ` LORD HIS EXCELLENCY JAMES HRMH
2019-04-01 2:54 ` Omar Shibli
2019-04-01 11:22 ` Melvin Carvalho
2019-04-01 11:50 ` Dana L. Coe
2019-04-02 16:48 ` Aymeric Vitte
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