I also suggested to the dev that he implement a new way to submit your offers.
Basically when you list an item you put in the USD (or other currency) that you wish to make on the item. And the system would dynamically convert that to sling (USD-BTC-Sling) based on current market pricing.
That way even with market fluctuations your still getting what you want for an item. Versus the current system of listing it in sling.
I.E. BTC is at $240 USD, and Sling is at .00021400.
I list a phone for $240 USD, in the market place it would show it for 4672 sling.
If Sling jumps to .00042800, the market place would dynamically update it to 2336 sling. Same if BTC rises/falls.
He said he was already working/considering something like that and was working out the code behind it.
+7331 !!!
Awesome idea
Edit: I see what you're saying, so the price wouldn't be dependent on market fluctuations, that is a great idea!
Market is too fragile at the moment. If a whale wanted to buy stuff cheaply he'd just dump a load to bring the value down for a while. Price pegging is a while off I think.
Edit: Got that the wrong way around, had a few beers. *Hic* I think you take my point though; he'd pump so it'd cost fewer SLING to place his order. Presently at least, you know how many you'd be getting even if you don't know their value.
I think for now there are safer, more important things to concentrate on
Its not really price pegging, its just making it so it will always be represented (dynamically updating) to a corresponding change in Sling/dollar value that was originally intended.
In other words, if say I have x product and I want $120 usd for it, the Sling numerical/price value would keep updating or reflect its change so it would still always be $120 usd.
Its not going to really matter; the current price of Sling... it'll just update/adjust the price (in Sling) of the product as needed.
Later thoughts:
I guess the main problem I see is what currency should it be checking against? Not everyone uses usd, and other currencies may be worth more or less.
(even with btc, the value of that changes against other currencies)
Might be more complicated than I thought....
Might not be that great of an idea