It is simpler than that; simple numbers. Bitcoin is volatile right
now, not for fundamental architecture reasons, but for reasons why
many other small issues are volatile. Low liquidity and a small issue
implies that a single big player can easily the move the market.
Further, it is volatile beca
Bitcoin's volatility is not a symptom of its architecture, but a reflection
of the collective knowledge of its future acceptance. Currently that
knowledge is based on very volatile sources: how some senator feels about
it this morning, which direction departments in the Chinese government are
leani
On 12/10/13, Ryan Carboni wrote:
> You're just closed minded.
No, at least to persons have explained you why your proposal is not feasible.
If you wanted to learn, you would have made questions on why those
parts of your proposal are unfeasible.
There have been many proposals about "stablecoins"
On Mon, Dec 9, 2013 at 11:57 PM, Mike Caldwell wrote:
>
> I believe that if there ever becomes a consensus that Bitcoin’s inflation
> parameters were a show-stopper for the Bitcoin economy, that the power to
> correct it lies with merchants, who would vote for changing the rules. I
> believe they
+1
On Mon, Dec 9, 2013 at 2:06 PM, Gavin Andresen wrote:
> On Tue, Dec 10, 2013 at 8:01 AM, Ryan Carboni wrote:
>
>> The exchanges that are kept track of could be hard coded into Bitcoin or
>> the miner could choose, how this works is not something I'm personally
>> focused on.
>>
>>
> That is l
Ryan Carboni wrote:
Bitcoin lacks a Central Bank.
This is a feature, not a bug.
Also, this is offtopic. Political debate is thataway ->.
bitcoin-development is for development and technical discussion.
--
Sponsored
You're just closed minded.
On Mon, Dec 9, 2013 at 3:10 PM, Jeff Garzik wrote:
> On Mon, Dec 9, 2013 at 7:23 PM, Ryan Carboni wrote:
> > It is not a violation of the trust of those holding the currency. Many
> > people bought Bitcoin in the hopes that it's value in the relation of
> other
> > c
Bitcoin is made of many parts, yes, but not all parts were developed
simultaneously.
On Mon, Dec 9, 2013 at 2:06 PM, Gavin Andresen wrote:
> On Tue, Dec 10, 2013 at 8:01 AM, Ryan Carboni wrote:
>
>> The exchanges that are kept track of could be hard coded into Bitcoin or
>> the miner could choos
I've got a better idea. Ben Bernake needs a new job. Let's just let him
set the block reward.
On Mon, Dec 9, 2013 at 5:23 PM, Jameson Lopp wrote:
> To piggyback on Jeff,
>
> Any proposal that is going to add reliance upon data from third parties
> outside of the Bitcoin network itself is like
To piggyback on Jeff,
Any proposal that is going to add reliance upon data from third parties
outside of the Bitcoin network itself is likely going to be rejected
outright. This opens far too many potential vulnerabilities.
"The exchanges that are kept track of could be hard coded into Bitcoin
or
on, rather than
adopting the seignorage of some other alt coin out there today.
Mike/Casascius
From: Ryan Carboni [mailto:ryan.jc...@gmail.com]
Sent: Monday, December 09, 2013 3:24 PM
To: apoels...@wpsoftware.net
Cc: bitcoin-development@lists.sourceforge.net
Subject: Re: [Bitcoin-development] Mon
On Mon, Dec 9, 2013 at 7:23 PM, Ryan Carboni wrote:
> It is not a violation of the trust of those holding the currency. Many
> people bought Bitcoin in the hopes that it's value in the relation of other
> currencies will increase, not because there's a fixed money supply. The
> majority of people
It is not a violation of the trust of those holding the currency. Many
people bought Bitcoin in the hopes that it's value in the relation of other
currencies will increase, not because there's a fixed money supply. The
majority of people using Bitcoin as a currency in exchange for real goods
are us
On Tue, Dec 10, 2013 at 8:01 AM, Ryan Carboni wrote:
> The exchanges that are kept track of could be hard coded into Bitcoin or
> the miner could choose, how this works is not something I'm personally
> focused on.
>
>
That is like saying "We need a way to travel around the world quickly.
There w
This is no doubt probably a very controversial Bitcoin Improvement Proposal
and is also a very rough draft of one.
Bitcoin lacks a Central Bank. This is good and bad. A central bank benefits
those with political connections. But Bitcoin lacks price stability, this
generates menu costs, and incenti
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