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I'm not very well-versed in economics, but would setting prices to a relatively non-changing BTC value not actually be a good thing to stabilize its value, if e
by robinh 14y ago
I'm not very well-versed in economics, but would setting prices to a relatively non-changing BTC value not actually be a good thing to stabilize its value, if enough people were to do that?
- badgar 14y agoWhat is the incentive to do so? BTC is expected to rise in value over time since it's a deflationary currency. So any sane businessperson should expect to be constantly decreasing the BTC price over time. It's a feature, not a bug.
- taejo 13y agoYes, but the same effect happens (in the opposite direction) with a normal inflationary currency. Every few months or years, prices change to reflect their new value. When prices are doubling or halving once a week, that starts to get problematic (see interbellum Germany, 2000s Zimbabwe).