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Title: How to stabilize the Bitcoin price. Post by: Coincomm on August 25, 2012, 10:21:52 PM Instead of selling Bitcoins by the Bitcoin, sell them in units of .1 BTC or .01 BTC.
The gains or declines in price will be diluted by the division, making it appear more stable. The market will adjust to the small denominations and speculate in smaller more accurate units. It may improve market perception. Title: Re: How to stabilize the Bitcoin price. Post by: DeathAndTaxes on August 25, 2012, 10:56:13 PM You don't really believe that do you?
Title: Re: How to stabilize the Bitcoin price. Post by: gllen on August 25, 2012, 11:08:02 PM Pretty genius if you ask me. We should also buy bitcoins in units of 0.1 USD. What's a dime these days anyway? Helps with perception.
Title: Re: How to stabilize the Bitcoin price. Post by: justusranvier on August 25, 2012, 11:12:59 PM If you want the price to be less volatile do your part to increase the fraction of bitcoin transactions that are used for commerce instead of speculation.
Title: Re: How to stabilize the Bitcoin price. Post by: Melbustus on August 25, 2012, 11:25:32 PM Instead of selling Bitcoins by the Bitcoin, sell them in units of .1 BTC or .01 BTC. The gains or declines in price will be diluted by the division, making it appear more stable. The market will adjust to the small denominations and speculate in smaller more accurate units. It may improve market perception. This is a joke, right? Title: Re: How to stabilize the Bitcoin price. Post by: Foxpup on August 26, 2012, 06:32:51 AM Pretty genius if you ask me. We should also buy bitcoins in units of 0.1 USD. What's a dime these days anyway? Helps with perception. Yup. Perception is everything. That's how I became a multi-millionaire overnight by accounting in cents instead of dollars. Genius, right? But now it seems like everything costs 100 times as much as it used to. Being a millionaire isn't quite what I was hoping for. :( |