Quote from: digdugg67 on June 09, 2011, 09:06:04 PM

Quote from: clickbangdone on June 09, 2011, 08:58:06 PM

Quote from: bitoption on June 09, 2011, 08:41:46 PM

Businesses could use BTC if they are able to hedge risk with an options exchange.

Hint.

The Bitoption Exchange has an API for value-added providers to give businesses a part-of-their-workflow method to hedge out their currency risk. You can even charge a little bit extra.

You guys have lost your mind
As a business accepting bitcoins requires too many steps
Step 1 wait 10 minutes to several hours for a confirmation of payment
Step 2 worry that while you're waiting for confirmations the price of bitcoins doesn't fall
Step 3 trade your bitcoins on an exchange for cash
Step 4 wait several days for money to arrive in your bank account

Please

CBD,
You are forgetting, we are in our toddler stage.
in the future what says that confirmations won't be faster? More reliable
What says you can't have a FRN,BTC,CAD or Credit Card price. They don't all have to be the same. Think gasoline in the states, Cash or Credit have different prices.
BTC prices could be based on the lower of the 30 day moving average and the current bid price. or any other algorithm you cared to create.
As more exchanges pop up, new methods to sweep cash into your accounts will become available.

Taking a long term view and the innovation of the community, we will create some spectacular new opportunities.

This goes back to my original post on here that the governments are really the last worry.
The worry should be the new user who is treating this as a gamble on the future price of BTC.
It's just like the housing bubble in the US where people had access to easy credit bought all the inventory and prices rose too fast.
Once bitcoins have a serious correction in price all the buyers will be gone.
All the get rich quick people will stampede out.

The bitcoin system is flawed
It need's to decrease difficulty as prices go up which will stabilize price because of the increase in bitcoins.
Of course you would still limit the total coins but until you hit 21 mil coins you could maintain a stable currency which would make businesses accepting it a easier proposition.
I would think the developers know this and why it doesn't work like this points to only one thing.
They don't want a stable currency they want it to run it up as high as they can and cash out.