Post
Topic
Board Development & Technical Discussion
Re: about price stability, lack of price/supply feedback & long run electrical cost
by
LiteCoinGuy
on 29/12/2014, 14:52:42 UTC
I don't get why anybody would want that. Why should Bitcoin be more like gold in the first place? It is fine how it is.

Volatility is a huge reason why people don't want to use Bitcoin today. Volatility prevents people from denominating contracts or setting prices in Bitcoin. It pretty much makes Bitcoin useful only as gold 2.0 and as a payment network that most people want to get in and out of as fast as possible.

People who do see Bitcoin as an investment should really want to solve the volatility problem, because more use cases being unlocked means a higher price.

Volatility is already solved with "LOCKS" from coinapult and other services like circle will adopt that too.