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Once you formalize the process, how do you get people to buy into it? This seems like a typical techie thing of coming up with a mathematical solution to an is
by georgemcbay 14y ago
Once you formalize the process, how do you get people to buy into it? This seems like a typical techie thing of coming up with a mathematical solution to an issue that is really more about human psychology. When you have admittedly linkbaity websites screaming "Bitcoint has lost half of its value" all over the place, good luck explaining to people that we should really be averaging the value and everything is fine, and keep selling your goods at the current average price, etc.
This all speaks to the immense difficultly of real-world adoption of any currency that isn't backed by real government policy.