Re: Bitcoin price PLUS $1000 - Would Bitcoin then see world wide acceptance?
Watching the price of Bitcoin stay at $500 is pretty sad especially when you run a Bitcoin farm. So here is a question I would ask.
If everybody in the Bitcoin community including merchants, speculators, investors, miners and forum members decided to add $1000 to the value of Bitcoin so a Bitcoin price today would be more like $1500 USD instead of $500. Would that really be a bad thing if everybody agreed it was the right thing to do?
Miners would then make money, the back bone of the system.
Adoption would be higher as a base price of $1000 is always guaranteed.
Mining manufactures could continue to create better ASIC machines.
The public would start to see Bitcoin as something of real value, and know each coin is worth at least a $1000.
Maybe this is just something added for the next 5 or 10 years. Just as a way to keep it going so Bitcoin can continue to show the world what a really great technology it really has become.
Bitcoin price PLUS $1000, would that work???
You assumptions are just like imagining money grows on trees?Is that it? Or like government print as much money they would like to and they get rich?There is always a specific control system to handle the flow of everything,bitcoin is decentralized doesn't mean the price of it are too.If everybody in the Bitcoin community including merchants, speculators, investors, miners and forum members decided to add $1000 to the value of Bitcoin so a Bitcoin price today would be more like $1500 USD instead of $500. Would that really be a bad thing if everybody agreed it was the right thing to do?
Miners would then make money, the back bone of the system.
Adoption would be higher as a base price of $1000 is always guaranteed.
Mining manufactures could continue to create better ASIC machines.
The public would start to see Bitcoin as something of real value, and know each coin is worth at least a $1000.
Maybe this is just something added for the next 5 or 10 years. Just as a way to keep it going so Bitcoin can continue to show the world what a really great technology it really has become.
Bitcoin price PLUS $1000, would that work???