Post
Topic
Board Economics
Re: How does a merchant / economy use a currency that jumps from 266 to 105 and back
by
Coincrazy
on 11/04/2013, 14:27:35 UTC
simple answer: it doesnt.


So , you are telling me that bit coin will be more a vehicle for speculation than a normal currency for a long long time ?




basically. its a fault of its design, theres nothing that can be done.

Yes. Mostly a fault of human design, i.e. design of human nature, where greed is always stronger than collectivism.

but aren't our failing known to us ...

how do we try and organize so that the greed of a few does not hijack the need for a majority