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Author Topic: How To Make Bitcoin A Better Stable Currency ?  (Read 1162 times)
South Park
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February 02, 2017, 07:28:31 PM
 #21

The only way for us to bring more stability in the Bitcoin markets, would be to distribute more bitcoins to more people. We currently have some whales with a lot of coins that can shift the markets at will. If those coins were distributed more evenly between more people, then you would have less volatility.

This is not a problem for day traders, but surely a problem for merchants that accept Bitcoin as a payment method, and those who do not convert to fiat regularly. < The price might have dropped, before they converted to fiat >

Some merchants use payment processors, so the volatility has less impact.
I disagree with the bolded part, we need a bigger user base that is correct but to redistribute the coins then a change in the code of bitcoin will be needed since there is no way to do that, and that will destroy bitcoin since bitcoin is all about private property that cannot be seized by anyone, the devs and the miners will never allow that to happen.
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