Quote from: benjamindees on April 19, 2013, 12:11:40 AM

Quote from: jdbtracker on April 18, 2013, 06:00:33 PM

Bitcoin was originally meant to work under traditional banks infrastructure as a sub-layer of security; the price would have been fixed and outside speculators ability to destabilize would be non-existent.

Quote from: jdbtracker on April 18, 2013, 11:01:26 PM

Bitcoins price was supposed to be set to scale according to transaction volume, the banks would have set a specific price to accomodate all denominations of currencies world wide. It would have been stable.

Who are you and what are you talking about?

I've been looking at the structure of Bitcoin and I can tell how it should have functioned it seems quite obvious to me, The fluctuations in the market are telling me it's being destabilized by speculators.

I read Satoshi's paper and I know how they intended it to work, it doesn't describe it as an economic system, it was described as a Cryptography Engine and no mention of economic effects is anywhere to be found on the paper. so I figured it would be more stable if it works closer to what was described in the paper.

The rest is me just trying to figure out how to stabilize bitcoin so that it can be used as described, It obviously was supposed to spread the wealth among the population, with greater and greater automation occuring the wealth of the world is being concentrated into the hands of the few causing massive inflation and instability in the economic system., the p2p Bitcoin system was supposed to counter that.

Plus it does not help that so many people outsourced their jobs to China, India, and other countries, stripping the wealth from the developed nations. if people can't make a living how the hell are they going to buy all those chinese made goods? It's obvious Satoshi knew this and started solving the problem with this protocol.

now how did Satoshi plan to reverse the loss of wealth of the people while still encouraging automation? Satoshi realized that the online payment industry was going to grow to match the real economy, so that the transaction fees would scale to 2.7 trillion dollars/ year in fees alone. It's obvious, Satoshi may have just saved us all from ending up as serfs to the 1%.

Bitcoin is a distributed wealth,p2p open source Corporation model.

watch this one it's a summary.

https://www.youtube.com/watch?v=DxxL0EcpvdQ

and here are all the examples to automate all jobs in every single industry. from transportation, avionics, construction, sales, warehousing etc.

http://www.theatlantic.com/magazine/archive/2012/12/the-insourcing-boom/309166/

http://singularityhub.com/2013/02/28/high-tech-clothing-store-hointer-employs-robots-and-mobile-technology-instead-of-salespeople/

http://singularityhub.com/2013/01/22/robot-serves-up-340-hamburgers-per-hour/

http://singularityhub.com/2012/11/12/1-million-robots-to-replace-1-million-human-jobs-at-foxconn-first-robots-have-arrived/

http://www.ted.com/talks/mick_mountz_the_hidden_world_of_box_packing.html

https://www.youtube.com/watch?v=eoAJdvFOaQs automated slaughterhouse

https://www.youtube.com/watch?v=unS_WdnyDQY google automated vehicle

http://www.youtube.com/watch?v=BoPpod1tsDM automated aircraft

http://www.youtube.com/watch?v=JdbJP8Gxqog automated protrution construction

http://www.youtube.com/watch?v=M-QUkgk3HyE Artifical intelligence helicopter

http://www.youtube.com/watch?v=cDn8biQny9M automated Accounting software

http://www.youtube.com/watch?v=b79pwb6Wlsc automated restaurant

https://www.youtube.com/watch?v=2qk5vxWY46A Circuit board assembly

http://www.youtube.com/watch?v=WFR3lOm_xhE IBM's Watson Supercomputer Destroys Humans in Jeopardy

http://www.youtube.com/watch?v=YXldB7KbP1c Progress Report IBM Watson Utilization Management Pilot at WellPoint, Inc.

http://www.youtube.com/watch?v=9dW3FUZdYx4

Brothers and Sisters are you picking up what i'm putting down?

https://www.youtube.com/watch?v=32INUJdxbRk&list=FLrYYkONYExBwGM5haeG7B7w