Quote from: ihrhase on March 03, 2010, 11:02:18 PM

I have to agree with MH, on his post from the other thread, BC will not have a real value until people are trading in BC, if you attempt to value it by trade from BC to $ and vice versa, all someone has to do to completely destroy your market is dump all BC for $.

If the BC marketplace cannot provide real world goods and services for BC, then it will be doomed to failure...

Some people are stuck on the idea that BC is valued at the expense for generating BC's...

BUT...

The problem is that if there is no commodity available that people want, one cannot expect to see people pay $ for BC, regardless of the cost one incurs in generating them...

It is like saying I spent $X on creating Salmon and Sauerkraut Smoothies, so people should buy it for $X, but since no one wants Salmon and Sauerkraut Smoothies, no one will buy them, most likely they will not take them for free.

Unless there is a way to determine demand, no one will be using them as a currency. Even now, every Bitcoin has a value. The key is finding it and tracking it. I want this to be a real market where buyers and sellers determine the value based on their demand. It will match buyers and sellers (it can already do that) accordingly. I will only be a broker. I don't think we should be worried about what the value is. Our main concern should be accurately determining that value as it fluctuates. If it's 100,000BC/$1, 1000BC/$1, or even 1,000,000BC/$1 then whatever... The fact we are worrying about people dumping Bitcoins suggests we haven't determined an accurate value yet.