Post
Topic
Board Economics
Re: We need to break the loop FIAT->BTC->FIAT
by
benjamindees
on 19/04/2013, 00:11:40 UTC
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.

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?