Sure fire way to send FTC to the moon - Buy Fuel Credits in Feathercoin
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People prepay for phone service. Imagine if they used Feathercoin to pay for gas ahead of time, based on what they expect to actually use monthly. It would allow gas stations to ignore volatility in the fuel market.
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[quote name=“zerodrama” post=“21686” timestamp=“1373949980”]
It would allow gas stations to ignore volatility in the fuel market.
[/quote]That’s brilliant. Customers too! I could lock in my cheap fuel price 6 months ahead of summer for the year, and I’d get a discount for buying in bulk.
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I’m surprised there isn’t something like this already locally with cash lol
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There is. What you’re describing is oil or gasoline futures.
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*slaps forehead* …is this a troll off? :P
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Hmmm, as I reread these posts I may be detecting a healthy dose of sarcasm.
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Nope. This is serious.
Not everyone has the ability to invest in futures.
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True. The contract sizes are rather large. The amount of money need to pull this off would be huge though. Essentially a transfer agent or brokerage would need to be established.
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[quote name=“tuneman1980” post=“21732” timestamp=“1373995862”]
True. The contract sizes are rather large. The amount of money need to pull this off would be huge though. Essentially a transfer agent or brokerage would need to be established.
[/quote]An options system is something that a competing coin is currently developing. It’ll be interesting to see how they approach it.
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I’ll stay tuned.
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[quote name=“[AWAY]Justabitoftime” post=“21733” timestamp=“1373997785”]
[quote author=tuneman1980 link=topic=2791.msg21732#msg21732 date=1373995862]
True. The contract sizes are rather large. The amount of money need to pull this off would be huge though. Essentially a transfer agent or brokerage would need to be established.
[/quote]An options system is something that a competing coin is currently developing. It’ll be interesting to see how they approach it.
[/quote]You just cleared up a huge block for me.
