Post
Topic
Board Bitcoin Discussion
Merits 11 from 4 users
[Discussion]How to decentralize the price of the bitcoin? Self-moderated.
by
TheBeardedBaby
on 07/08/2018, 14:08:58 UTC
⭐ Merited by suchmoon (7) ,avikz (2) ,seoincorporation (1) ,d5000 (1)
Tired to see only spammy mega-threads in the section that's why I'll try to start a normal one with this question.

If you think about it, the price is reflection of the bitcoin supply and demand based only on the available exchanges.
You can directly trade at whatever price you like.
What can be done?

Would't be better if the price reflects the real effort to "create" (mine) the bitcoin, or the effort to support the network like the electricity costs + hardware investments etc.

I know this is almost impossible to accurately calculate it but still it will be closer to the real value than to the speculative one "controlled" by the exchanges.

This is innovative technology and is should not relay only on the "old traditions" of price forming, we need a new revolutionary way to balance it, this is the only way to be world-wide accepted.
 
The whole idea of bitcoin is to be decentralize, but you have enough amount of bitcoins the price can easily be controlled.
We have seen already many such cases, and there are more to come.

What you think?

P.S. This is self-moderated thread, I will remove any comments that I suspect to be just a sig.spam*. If you not agree with this condition, better don't post here.



*NB!: This is a self-moderated thread with the sole purpose of removing spam generated in this section. No comments will be ever deleted by me based on whether I agree with a opinion or not.