Post
Topic
Board Bitcoin Discussion
Re: Bot to operate a price bloc to stabilize price of BitCoins
by
zebedee
on 31/08/2011, 15:37:36 UTC
What is the problem you are trying to solve?

To stabilize the value of the BitCoin versus other currencies and goods/services

Any "instability" isn't a problem.  It's the solution to finding the right level.

The problem would be price stability.  If you don't believe me you're welcome to try and stabilize it in either direction.  Be prepared to lose a lot of dough though.

Maybe you've heard of central banks?  The FX market?  They try to do that in FX all the time.  Can you name even one that has succeeded?