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 because common financial tools available elsewhere -- shorting, futures/options, etc. -- are not widely and easily available.
None of these factors are special or specific to bitcoin. See http://garzikrants.blogspot.com/2013/11/solution-to-bitcoin-volatility.html However, this is getting WAY off-topic for a development mailing list. Ryan successfully trolled the list. Let's not further feed the trolls. On Tue, Dec 10, 2013 at 7:07 PM, Baz <b...@thinkloop.com> wrote: > 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 > leaning. The issue is that proof-of-work is missing from society's end. As > time goes on, laws, regulations and policies will start to form, people will > challenge them, they will be reviewed and updated, they will be challenged > again on different grounds, re-reviewed, and so on. Each of those > confirmations will make it that much harder to change earlier confirmations. > It won't matter anymore what some senator thinks this morning because she > will have months of hard-work ahead of her before she can affect any change. > It also doesn't matter if the rulings are positive or negative, just having > them will add stability to Bitcoin at some value between $0.0001 to $100,000 > per coin. > > > > > On Tue, Dec 10, 2013 at 4:38 AM, Jorge Timón <jti...@monetize.io> wrote: >> >> On 12/10/13, Ryan Carboni <ryan.jc...@gmail.com> 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" in bitcointalk and >> other forums (for example, the "initial proposals" freicoin subforum). >> I have participated in several of them trying to find a solution and >> I'm now convinced that this is impossible to implement in a secure AND >> P2P system. >> >> This is off-topic for this forum, specially if (as you've shown to us) >> you are not interested in learning why this proposal is unfeasible. >> >> -- >> Jorge Timón >> >> http://freico.in/ >> >> >> ------------------------------------------------------------------------------ >> Sponsored by Intel(R) XDK >> Develop, test and display web and hybrid apps with a single code base. >> Download it for free now! >> >> http://pubads.g.doubleclick.net/gampad/clk?id=111408631&iu=/4140/ostg.clktrk >> _______________________________________________ >> Bitcoin-development mailing list >> Bitcoin-development@lists.sourceforge.net >> https://lists.sourceforge.net/lists/listinfo/bitcoin-development > > -- Jeff Garzik Bitcoin core developer and open source evangelist BitPay, Inc. https://bitpay.com/ ------------------------------------------------------------------------------ Rapidly troubleshoot problems before they affect your business. Most IT organizations don't have a clear picture of how application performance affects their revenue. With AppDynamics, you get 100% visibility into your Java,.NET, & PHP application. Start your 15-day FREE TRIAL of AppDynamics Pro! http://pubads.g.doubleclick.net/gampad/clk?id=84349831&iu=/4140/ostg.clktrk _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
