Quote:
Originally Posted by Max Cut
I don't get it. Can you describe how this would work and why it would be advantageous for a card room to do that instead of just playing the bitcoin market?
It's not much different than shorting or buying options.
In a long-term bear (down) market keep BTC reserves small and increase the frequency of open market transactions to protect against deflation.
In a long-term bull (upward) market keep BTC reserves high and decrease the frequency of open market transactions to benefit from appreciation.
On days when volatility is high, transactions could be temporarily expedited/delayed to arbitrarily choose the "best" rate during that time.