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Author Topic: Do you think the value of bitcoins will ever stabalize?  (Read 2501 times)
gurg2.o
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January 22, 2012, 04:32:12 AM
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Do you think they're going to rise soon?

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January 22, 2012, 04:33:20 AM
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I think they might fall soon?
zer0
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January 22, 2012, 04:41:10 AM
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As long as people can speculate and exchangers are unregulated no it won't stabilize soon.
Maybe when every coin has been mined and the bulk of coins aren't controlled by the seekrit bitcoin illuminati
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January 22, 2012, 04:55:30 AM
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Not sure if it will ever stabilize, but I am sure I can't reliably use Bitcoin for international money transfers until it does. This way it's more of a gamble than money transfer.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
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January 22, 2012, 05:09:03 AM
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As long as people can speculate and exchangers are unregulated no it won't stabilize soon.
Maybe when every coin has been mined and the bulk of coins aren't controlled by the seekrit bitcoin illuminati

Do you mean cuddlefish and his bitcoin-cabal?

https://bitcointalk.org/index.php?topic=9152.0

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January 22, 2012, 05:11:15 AM
 #6

Not sure if it will ever stabilize, but I am sure I can't reliably use Bitcoin for international money transfers until it does. This way it's more of a gamble than money transfer.

How long does a transfer take?

It was a cunning plan to have the funny man be the money fan of the punning clan.
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gurg2.o
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January 22, 2012, 05:13:57 AM
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I honestly feel nervous keeping even like 100$+ usd in bitcoins in my wallet because of fluctuating prices :S

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January 22, 2012, 05:27:54 AM
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Then that is too much money for you to keep in bitcoin. For all we know they could become worthless tomorrow. Just buy them as you spend them.
gurg2.o
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January 22, 2012, 05:29:17 AM
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Yeah just wish it was more stable

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January 22, 2012, 05:32:33 AM
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For all you know your local currency will be worth nothing tomorrow. Since many more people would be inconvenienced and it would lead to social unrest, this is somewhat less likely to happen as suddenly though.
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January 22, 2012, 05:40:22 AM
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The PM of Malaysia in the 90s insulated his country from foreign speculation which saved them from the economic crisis of the late 90s which destabilized every country around them. When he first suggested it at Davos economic conference they nearly laughed him out of the building then after his country survived the worst regional recession they hailed him as a hero.

Lol @ #bitcoin-cabal clearly the btc secret society
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January 22, 2012, 05:48:29 AM
 #12

Holliday +1



i feel more nervous about fiat money and economies based around them, i've already seen huge devaluations in post-USSR when people's life savings could only buy box of matches

re stabilization: only constant is change =)
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January 22, 2012, 05:53:31 AM
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In contrast to what I said earlier, there is a model of evolution that proposes that most change occurs suddenly rather than gradually. It is termed punk-eek (punctuated equilibrium). I am not sure if anyone has tried to apply this to social/economic systems, but it seems like it could work.



http://en.wikipedia.org/wiki/Punctuated_equilibrium
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January 22, 2012, 06:00:35 AM
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It's fractals all the way down.
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January 22, 2012, 06:51:45 AM
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I just mean the same patterns seem to repeat themselves at every order of magnitude.
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January 22, 2012, 09:07:35 AM
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The PM of Malaysia in the 90s insulated his country from foreign speculation which saved them from the economic crisis of the late 90s which destabilized every country around them. When he first suggested it at Davos economic conference they nearly laughed him out of the building then after his country survived the worst regional recession they hailed him as a hero.

Lol @ #bitcoin-cabal clearly the btc secret society

This is hardly the line I would take if I wanted to ingratiate myself with the leadership.

 

In a Society in which there is no law, and in theory no compulsion, the only arbiter of behaviour is public opinion. But public opinion, because of the tremendous urge to conformity in gregarious animals, is less tolerant than any system of law. When human beings are governed by "thou shalt not", the individual can practise a certain amount of eccentricity: when they are supposedly governed by "love" or "reason", he is under continuous pressure to make him behave and think in exactly the same way as everyone else. - George Orwell
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January 22, 2012, 02:50:31 PM
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I think the problem arises due to comparing apples vs oranges. If you care to clarify I'd appreciate it, my original comment about fractals was actually pretty vague and flippant. My bad.
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January 22, 2012, 03:03:36 PM
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Apples vs oranges = different sets of confounds
gurg2.o
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January 22, 2012, 04:24:58 PM
 #19

yeah

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January 22, 2012, 04:46:49 PM
 #20

It's fractals all the way down.
Heh

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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