Quote from: RealBitcoin on November 05, 2015, 07:35:59 PM

Quote from: QUEDOS on October 16, 2015, 08:48:46 PM

Quote from: Goldman77 on October 09, 2015, 10:53:14 AM

you guys reckon a reserve bank of some sort would help, not owned by a government but something like that.

This is definitely not an option, in effect this would be taking a distributed ledger and injecting a lethal dose of centralisation

No, not that is the problem.

Even if we could find a full transparent, fully non-corruptible, fully democratic central bank, it would be a stupid idea.

Why? Simple. Because a central bank distorts natural free market prices, and destroys price discovery, encourages extreme speculation and disrupting the natural ways of the market.

That would happen even if the central bank were run by angels, which is apparently not.

You have to trust the free market guys.

So when prices go down, its a bad thing because consumers will hold off on spending because it might be cheaper tomorrow?