I made a Facebook event called "Bitcoin day" on Facebook for April 15th, and the price went up that day. I am not sure if it happened because of that, but people were posting about Bitcoin on Facebook, Twitter, YouTube, etc.
So... Let's get Bitcoin moving again. Everyone, post links to exchanges on ALL your social media pages.
Bitcoin is not a company, WE ARE THE COMMERCIALS, if we do not advertise for it, it will die.
I want to fix the price.
I have come up with the idea of a self-regulated p2p Bitcoin/USD exchange, based on a decentralized Peer-review-registration of companies. This can revolutionize cryptocurrencies.
I write this to you, because there is an idea you haven't thought of. And Bitcoin is waiting for it, trust me. I don't have the skills to carry this out myself, so therefore I'm putting this out for everyone to see, cause I know someone out there has the skills.
It will take only one credible company to get together with some BitcoinDevs to work out the initial plan and be the first self-registered company. Then they will just have to accept another company and give them "access" to a frozen shareholder-DNS-coin wallet, encoded into itself so to speak (cause it also has to be the exchange), that can't be deposited, withdrawed or traded, in order for the new company to be a part of the exchange. It has to be based on mutual trust, like some sort of decentralized association.
To begin with, it will of course be centralized, as there can be only one creator - just like with Bitcoin and Satoshi. He owned it before release, but now it's ours - as it's p2p based, it's practically decentralized when there's more than one owner.
This, I imagine, can be done by setting up an additional 100% premined shareholder-coin with DNS function, and make the DNS the exchange and lock the coins into itself within the exchange. Furthermore making it self-regulating, automatically dividing the coins among the number of peer-review-registered companies, but on locked wallets on the site that no one can ever touch, so that it can and will only be used as a tool for dividing the ownership/rights/ability to use the exchange after the peer-reviewed-registration.
The shareholder-coins will even break the law of supply and demand, cause there's nothing to speculate in, not even for the first company - they can never cash them out. It shall only remain as some sort of a frozen share, coded into the website. So it's literally nothing worth, other than the proof of positive peer-review and therefore ability to use the exchange.
It needs to be automatically able to divide itself by the number of companies registered. So if two becomes three, then the two that before owned 50% each, will now own 33,33% each, as well as the new company will, and when a fourth company comes along they all own a share of 25% of the DNS-coins and so forth.
And for price stability so that Bitcoin becomes more attractive for new companies, you could allow only a xx.x % of the actual market cap or coins circulating the exchange to be exchanged by the same user every xx minutes/hours/days, automatically adjusted to the companies individual turnovers etc. in order to prevent huge sell-offs or buy-ins which will result in great fluctuations.
I'm no mathemathical genius, nor am I genius of any other kind. But this seems pretty logical to me. There has to be a not too intricate formula that can deal with this.
That will be a great way to bring the voices of Bitcoin together and form a strong alliance of Bitcoin-accepting companies. It might also be a wake-up call for some banks to start accepting money from the exchange.
Their turnovers will of course be different from one another, and that's why I suggest some sort of equation that might include factors such as individual flexible turnover percentages and furthermore give them trading periods - some companies then trade during odd hours and others during even hours, so that big companies can't make big sell-offs and hurt small companies.
Remember, a such exchange is not meant for speculation, but only for making a safe environment for the coin, so the companies that use them has a narrow space where they can concentrate their exchanging BTC for USD - albeit they have to be a bit more patient, but it's not like they can't cash out to pay their bills or anything, it's just a more regulated market - a self-regulated market. If an unfair banker can do it, a fair code can also. Bitcoin has proven that.
It won't affect the amount of goods or services that the customers can buy, cause if all the turnovers of the companies rise, the DNS-market will self-adjust and the companies will be able to sell more in accordance with their exchange-level, the system will put them on higher levels.
I imagine some sort of a level-system (a mathematic equation) that automatically categorizes companies and equalizes itself all the time, leaving room for a certain predetermined margin between buys and sells, without retarding the overall trade too much, but just making it more stable.
But also can it balance the market out by simply matching one big company vs. a lot of small companies, constantly. Because all the small companies are much less likely to sell out. And not only that. A company will only be allowed to sell a certain percentage of their turnover within a certain timeframe, and bigger companies need to have a lower sell-percentage, cause they have more money.
The exchange will work like a public bank - And a "bankrun" i.e. collapse, is almost impossible, and in case of it happening, it will be a slow one.
Imagine if you could smoothen out the market fluctutations so it looks more like the MA instead of what the candles look like - earthquakes. And those earthquakes are scary for companies of all kinds, even with a fast exchangeability. Bitcoin will most likely end up on a neverending, smooth uptrend, because as more people see the idea and set up new exchanges, they will push the market capital slowly but steadily.
But since it is Peer-reviewed the companies that start adopting the system most likely won't allow big whales (in comparison to themselves) to come and flood the market to begin with. So the price regulation might not even be necessary in the first place - they will most likely auto-categorize themselves.
I think all companies will find their matching exchanges. And I can easily see a whole cooperating system of exchanges, dividing companies into the sections where they belong, in regard of size and if they have too much turnover for the smaller exchanges, then their funds will slowly be transferred to an exchange with bigger companies, matching them. Much like sports leagues and poker rooms.
And all that has to be able to level itself, so that the multiple exchanges are working like one big exchange. The prices will have to be regulated by a single DNS-coin system, so no matter what, the coins on all exchanges will be worth more or less the same.
It's sort of a fluctuation-brake. The best I can think of. And it's much, much more than that. I see a huge potential here. Not only for Bitcoin, but for all coins. It will also decrease the competition between the already existing cryptocurrencies. They will have each one of their communities to grow and evolve, regardless of other coins.
A company has to slowly adopt Bitcoins or any other coin in this manner, as it by the rules can't just buy a big amount on the exchanges, so this is the key to a successful worldwide cryptocurrency adoption.
It wil take time to implement, but I can only see it happen in the long run.
=KushMasterJames=
