Re: [ANN] [ZEIT] ★ZeitCoin★ COMMUNITY [FULLY POS | 15%] [ZEIT KNIGHTS]
When you say "the price of Bitcoin" you're referring to the exchange rate based in US Dollars. A constantly moving target due to inflation(expansion of the US currency supply).
I would much rather see us work toward maintaining a value of Zeitcoin as measured against real money. Something without arbitrary inflation set by shadowy bureaucrats at the federal reserve, but with instead a fixed rate of inflation that is known years in advance.
Like...Bitcoin.
I would much rather see us work toward maintaining a value of Zeitcoin as measured against real money. Something without arbitrary inflation set by shadowy bureaucrats at the federal reserve, but with instead a fixed rate of inflation that is known years in advance.
Like...Bitcoin.
I was just trying to illustrate a point. Could use anything really to price it. For example if you price Bitcoin in terms of ZEIT, it is currently 1 Bitcoin is worth about 113,000,000 zeit, last I checked? Therefore since 1 satoshi is worth more than 1 ZEIT then Bitcoin becomes useless for transactions involving 1 ZEIT or lower transactions of value. My point is that this is a scalability problem Bitcoin has not necessarily a problem with ZEIT.
It is more of a listing problem with the exchanges more than anything.
All you have to do is get the exchanges to make a 1 to 10 or 1 to 100 or even 1 to 1000 exchange rate. Basically instead of comparing 1 bitcoin to 1 ZEIT, have them compare 1 to 1000. Then the minimum exchange be like 1 Bitcoin to 1000 ZEIT. I hope that makes sense to you. Then you can get back to proper Bitcoin trading and Bitcoin markets. It's not that hard to do you just have to get the exchanges to understand and implement the exchange ratio in that way. A ratio that is not 1 to 1, but like 1 to 1000. Anyway, it's just an idea.
