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Bitcoin's design (limited amount of coins) attracts the wrong kind of people - investors and speculators - there is no wonder the "value" is fluctuating heavily
by vlasta2 15y ago
Bitcoin's design (limited amount of coins) attracts the wrong kind of people - investors and speculators - there is no wonder the "value" is fluctuating heavily.
A real virtual currency must attract buyers and sellers of actual goods, not just get-rich-quick speculators. Maybe an easy change to the way bitcoins are mined would be enough to get it on the right track. If the amount of coins is determined democratically and not by a magic constant (chosen by the programmer God), things could be different...
- moonchrome 15y agoVolatility is high because of low market depth and low liquidity, if the market had a billion dollars in small players it wouldn't be very volatile.
- dublinclontarf 15y agoHaving investors is a bad thing now?