Quote from: Suggester on February 20, 2010, 03:56:26 AM

Quote from: NewLibertyStandard on February 20, 2010, 02:44:56 AM

I use a formula to calculate my exchange rate which is described on my exchange rate page. When I generate my first block of ฿25 rather than ฿50, I can simply change my formula to multiply bitcoins generated by two which will turn that ฿25 into ฿50 within my formula. Bitcoins are worth how much I say they are worth. If tomorrow I say they're all worth half as much as today then it would be so. Go ahead and create your own exchange service using your own formula to value bitcoins and you can have just as much control over the worth of bitcoins.

OMG. The moment you do that you'll run out of coins immediately because buying them from you would cost only half as much as generating them!

I will always have dollars and bitcoins available to inject into my exchange service. I may run out today, but there will always be more available tomorrow. It's all detailed on my exchange rate page.

Quote from: Suggester on February 20, 2010, 03:56:26 AM

Fine. But until someone answers the numerous doubts I've raised in here, I (and anyone with basic economics background) won't believe Bitcoin's current model has a promising future.

Fine. But regardless of whether someone answers the numerous doubts you've raised in here, I (and anyone with advanced economics background) will believe Bitcoin's current model has a promising future.