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To: Peter Todd <pete@petertodd.org>,
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Subject: Re: [bitcoin-dev] Softfork proposal for minimum price of $50k
USD/BTC
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Hard NAK.
A minimum 50000 USD : 1 BTC exchange rate implies that the value of 1 USD =
=3D 0.00002 BTC at maximum.
However, such a USD value in BTC value maximum makes no sense since the tru=
e value of 1 USD =3D 0.00000000 BTC.
(on Lightning, 1 USD =3D 0.00000000000 BTC)
In particular, the encoding proposed in the BIP does not support a represen=
tation of infinity USD per BTC, such that it is impossible to express the t=
rue value of USD under this BIP.
> * The USD/BTC rate used for the transaction, in standard signed integer s=
erialisation, with all leading zeros removed (except as necessary to preser=
ve the sign bit).
Regards,
ZmnSCPxj
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