If any of you had control of bitcoin, how would you fix the volatility problem?
volatility is nothing to do with bitcoin
bitcoins code has nothing to do with price/markets.
i think you mean if you ran a fiat money service business that is also a bitcoin custodial service. how would you fix the fiat market
options:
1. dont affix the market to be dollar pegged. instead use something more universal like the cost of living unit. or a minimum wage limit.
after all a bitcoin for americans is only 533 minimum wage hours. but for other countries a bitcoin is 80,000 hours ($0.05c an hour)
so imagine bitcoin was measured as just. say 533 minimum wage hours WORLD WIDE. and increments up and down in minutes and seconds on orderlines. then the world is more fair in regards to sweat equity(labour needed to earn bitcoin)
2. make it so that the orderlines dont increment in 100cent slots. make it so each order line is 1cent difference
eg buys: eg buys:
0.1btc $4000 =$400.00 0.1btc $4000.00 =$400.000
0.1btc $3999 =$399.90 vs 0.1btc $3999.99 =$399.999
0.1btc $3998 =$399.80 0.1btc $3999.98 =$399.998
2. if you really want to try influencing the market..
have buys do orderlines of micropenny movements
and sells move in dollar amounts
that way moving the price just a fraction doesnt move it down much. but does move it up alot. thus if orderlines are full there is more support to prvent downward movements. but easier to move price up.
eg buys: sell:
0.1btc $4000.00 =$400.000 0.1btc $4000 =$400.00
0.1btc $3999.99 =$399.999 0.1btc $4001 =$400.01
0.1btc $3999.98 =$399.998 0.1btc $4002 =$400.02
edit
this guy below. is funny guy
he doesnt want things to change as he is deep in the pockets of certain group who want control. he defends centralists. and doesnt want people thinking outside the box..
funny part people should be allowed to open their own exchange. and decide to not be reliant on the dollar