Post
Topic
Board Development & Technical Discussion
Re: Thought experiment. Coding a stable exchange rate.
by
hannesnaude
on 25/06/2011, 12:51:05 UTC
This proposal has got to be a quantum fluctuation of the cosmic anus.

Oh FFS. I get so exasperated when people fail to read. OP. FIRST line

First off, what follows is NOT a proposed change to bitcoin. Nor is it really an idea for a new blockchain.

Why in hell would you build the ability to allow BTC scalpers to screw us all at the touch of a button?

OK, bright spark. This is exactly what I was after. Lets assume that this system exists, the coins are trading at 1:1 and the market expects this to continue for the foreseeable future. You are one of the "BTC scalpers". You have significant, but not infinite means. Please explain in detail how you would go about "screwing us all at the touch of a button".

Waiting in anticipation. Roll Eyes