Paul Lamb
Paul Lamb
Sep 7, 2018 · 1 min read

Just to be clear, in the song purchase example you gave above, the smart contract transaction would happen in Ethereum (or another cryptocurrency), meaning a dollar’s worth crypto is sent from one wallet to another? Unless that crypto is converted to $1 of fiat ASAP, it will be subject to the fluctation of market prices? If the seller does not convert their $1 into fiat immediately they might end up with more or less than the $1 purchase price, right?

    Paul Lamb

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    Paul Lamb

    Paul is a nonprofit management consultant, social entrepreneur, and writer.