Yes, exactly my point. Current currencies, like the dollar, euro, yen, etc. continuously change value.
I have a feeling "We" (the global community) are all pretty tired of that. So I would propose that
Bitcoin should have attributes to protect the value of people's holdings denominated in bit coin
The beauty of bit coin is that it can have whatever attributes we all agree upon. We can
make statements like "I don't like the fact that my favorite currency fluctuates so
much in value and I cannot control that so lets do something in Bitcoin to eliminate that flaw"
With BitCoin, we can decide, if we like, that it has a starting value (the "floor") and that
it has a current value. This would result in Bitcoin layers (layer 1 at $1 a BTC, layer 2 at $2, and so on).
I think we'd all like to see our bit coin wallet show its guaranteed value as well as its current value.
As part of this BIP I would also recommend adding two new transaction types in every wallet. These
would be "Buy" and "Sell". In a full implementation, this would eliminate the need for centralized exchanges
for moving BTC to or from some currency X. As we have seen in China, the fact that BTC exchanges are
centralized actually makes BTC a centralized currency. How so? The People's Bank of China has issued
a ruling stating Chinese banks cannot conduct business in BTC. As a result, BTC is affected negatively by
reducing its liquidity and exchangeability. Therefore, it is currently a myth that BTC is a decentralized currency.
If BTC were truly decentralized, actions by central banks would have no effect on BTC pricing, value, liquidity or exchangeability.
Also as part of this BIP, I'd recommend the BTC software can enable the forward sale of BTC on a decentralized basis.
This would allow merchants who can forecast they will collect X BTC over the next six months, to sell it in the immediate present, thereby hedging out any downside risks. This can be done. There would certainly be people to buy these contracts because they know that Y months down the road they will need to spend X bit coin in some purchase. But I emphasize this all needs to be decentralized else BTC is really just fooling itself by claiming its decentralized when a critical KEY element of BTC (exchanges) can and are regulated by central bankers.
Thats my feeling
A. Floor value for Bitcoin
B. Current value for Bitcoin
C. Buy capability decentralized and inherent in the BTC system
D. Sell capability decentralized and inherent in the BTC system
E. C and D on a current and forward basis.
These are not trivial changes but it is not trivial that one day in the future, the US FDIC can issue an edict forcing
all US banks to not allow deposits into US BTC exchanges. The chinese have already done this.
Right now, BTC is a sitting duck. BTC relies up centralized exchanges for money inflows and outflows
that are easily influenced by central bank policies and/or can simply be shut down shortly after
bank sponsored state or federal laws make BTC exchanges illegal.
I apologize for the length of the response! I only hope to see BTC grow and prosper.