The Bitcoin Economy

[virtfund]

Bitcoin does have an economy. If I had to compare it to other economies, I would have to compare it to the unstable economies cited in some of the posts above this one. Of course, Bitcoin is in many ways just a part of many globally connected economies.

[Minerjoe]

Eliminate scams and ponzi schemes.

Introduce limited form of regulation.

Increase demand for BTC over 3500 BTC per day, that is how much BTC miners generate daily.

[Q7]

I don't think volatility can be stopped as long as there is speculative trading. However i can imagine this being reduced in the near future as bitcoin price climbs and with higher mainstream adoption.

[needFREElunch]

I think that you could stabilize the price of bitcoin by some companies that accept it exclusively setting there prices in bitcoin rather than in usd then converting to bitcoin. I know that this would be hard for a business to justify doing financially but it is needed for a stable price. If merchants agreed on a target price and then set all of there prices based on that it could work. This could potentially eliminate or reduce the huge price swings we see in the market today.