I have been following you for years with much interest, I post very little. How to you plan to stablize the price of your coin? I realize that the market will ultimatly decide the value of a coin but for mass adoption I believe you will need some measure of stability, even if it means a slow and steady increase in the value of your work.
It seems most people will not 'mass adopt' unless there is some level of stability. If you look at the jump(pump) and fall of any coin it does not take much to realize that an astute individual would not accept the great variance in price without abandoning a coin. Even for a smaller holder...having 50$ one day and only 30$ the next because of great swing in price and lack of trust in the whole system will not produce the mass adoption you are looking for. I realize social media adoption may be a bit diffrent but I think the idea for stability in price still applies. I also realize a pegged price seems to be a failure at this point...
Your thoughts?
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You cannot stabilize exchange rates during any exponential growth phase unless you having unlimit money to do narrow market making.
This guy knows what he's talking about and that is almost exactly what we are doing
Elastic supply gives the resources required to do said market making.
If you are wondering it works VERY well!
... Said the FED and Keynsyman.
I believe in open markets and selfregulation. The less but genius rules the better. Who are you try to get control over complex systems? God?
Just because one attempt failed spectacularly due to a number of issues such as a biased distribution, delay in economic information propagation, abuse of money creation, greed and corruption; doesn't mean it can't work if managed and regulated properly.
If an economic system is void of the above issues, which decentralized technology now allows us to do, then at the macro scale it simply comes down to
https://en.wikipedia.org/wiki/Supply_and_demand.
Ok, I see we talk about sth very different. You talk about goods and services, I was about money.