Post
Topic
Board Economics
Re: Is Margin Trading Killing Bitcoin?
by
traderman
on 06/02/2015, 19:26:45 UTC
I never suggested any kind of central control on traders, just imagine what will start to happen when traders are able to borrow 10:1 or 50:1, you think that won't create ridiculous volatility?? You think any merchant will accept Bitcoin with massive daily swings? Because that is where things are headed!

Maybe we should have guys with guns in every city that oversee every Bitcoin trade controlled by a central entity to make the rules of how bitcoins can be traded.

That would be ideal. Maybe then we would have a useful currency.

And if someone tries to make a trade that doesn't follow the rules...shoot them in the face.