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I agree on that. Take Bitcoin for example, it has decent volume but it's estimated that only about 5% of that volume is caused by real business transactions. The other 95% is just market trading/speculation and a gateway for other cryptocurrencies. So clearly volume is a poor indicator if a currency being used or not.
However a good supply on ISX and a decent volume would be more likely to stabilise the price which is a big factor. It's important that people can safely assume AUR has a certain value in their daily use. While AUR is volatile it creates uncertainty and makes it more difficult to use. So for that reason good volume and supply would help.
However a good supply on ISX and a decent volume would be more likely to stabilise the price which is a big factor. It's important that people can safely assume AUR has a certain value in their daily use. While AUR is volatile it creates uncertainty and makes it more difficult to use. So for that reason good volume and supply would help.
Price stability against what? ISK? BTC? USD? The price of houses? The only price stability anyone is going to get is when they think and live in terms of AUR.
Well he refer to price of things. Purchase value. If a business sell of coffee for 0.1 AUR, but the day after he have to sell for 0.2 AuR, or 0.01 AUR, it is not ideal ! The path will be long and many challenge to be faced. I like challenges !
Businesses can have instant exchange model in place, so customer buys coffee for 300ISK with current equivalent 7 AUR then business processes payment instantly through exchange for 300ISK this ensures his profit & increases exchange volume. As more businesses accept & transact in AUR demand rises & supply becomes primary factor in price.
