Post
Topic
Board Bitcoin Discussion
Re: Discussion: Exchanges, the cancer of Bitcoin? What is the solution of Bitcoin?
by
AtlasONo
on 02/07/2011, 20:06:37 UTC
The only thing that accomplishes is screwing exchanges over by wrecking their business model.

Thank you for this very thoughtful reply.

Alright.

"With centralized exchanges the whole purpose of Bitcoin is defeated. 95% (if not more) of the price of BTC is pure speculation hoping the prices go up, meaning 5% is for consumptions. This ofcourse cannot be sustained meaning the price will drop unless consumptions will increase alot."

Your p2p plan does not change this. Thank you for your well thought out plan.