The fact is you can't stop people from manipulation, you can only not feed into it. I don't want it pumped personally and really with what's coming I think getting rid of it would be kind of a bad move. I'm really striving for real-world useability here and we'll have it. As well as some other features and services that will be neos-friendly and strictly neos for payment.
Best regards,
syntaks
Yes, no major vendor wants the coin he accepted today to be worth something different tomorrow. They are not in the speculation business.
Major vendors wants instant low fee exchange into FIAT..
For now. He has to pay his suppliers and workers in fiat. That increases the supply of the coin which lowers the price, but being able to spend the coin at the vendor increases the demand, so it balances out.
Crypto will really take off when the primary laborer, the guy who picks the crops or assembles the product and thus has no one to pay but himself will accept crypto. But that's a very long way off.
This is the issue I have when discussing the acceptance of BTC with some of my friends who run small businesses. They would love to accept an alternative form of currency, but tye would still need to convert it in order to pay for the goods they need to run their business. It's a trickle down effect. Suppliers at the top need to accept the payment in order for the buyer to make payment using BTC (or any coin for that matter).
Sure, which is why I think it is better for a currency to be accepted by the lowest people in a society first, rather than an elite (us) first. Miners joke about whores and drugs but when you think about it, the whore likes drugs, and the drug dealer likes whores, right there you have an economy where the coins will be circulating as currency rather than just exchanged for some other currency. The barber needs to eat, the waiter needs a haircut, etc.
This is why the wallet it all-important, it needs to be something that someone who isn't very smart and doesn't have the technical ability of a dev or even a miner can easily load and use. Preferably on a phone. Now that the Bitcoin wallet takes a couple of days for a new user to even load on a desktop, that doesn't look good for its future.
