Do you guys think this would be a better idea, since it still would be a better payment system. Easy confirmation and what not.
I would appreciate your thoughts below
so you are suggesting tying bitcoin price to the dollar.
so once the dollar goes plummeting down, bitcoin would too.
why not yen or euro or peso or rouble? all these government-denominated currencies are equally crappy.
You don't see the main benefit of bitcoin the currency, and that is - be a currency that all other currencies can be expressed in. Not the other way around (besides that's its absolutely technically impossible, to have a fixed price of a limited resource in unlimited fiats).
I probably come off the wrong way by what I was saying. But I was thinking more of I put a set amount of value into the blockchain system to send to a buddy and he gets it.
Of course, there are many issues with this theory (especially since it probably wouldn't work). Especially once you get to the fundamentals (the buddy might not want to sell the bitcoin right away and the currency could plummet, causing recipient to throw a hissy fit.)
I get what your saying about not wanting it to be tied to a currency (which I do agree)
I see bitcoin as a legit means of exchange (mainly because of utility and scarcity)
But i made this thread because I was thinking of an alternative to all these price swings. Most just want to hold for a payday and then sell with hopes to rinse and repeat. Personally I love the utility of bitcoin [(prevent double spending, easy to confirm, impossible to replicate or "steal someone's identity" -unless of course you find or steal private keys.)]
but people rather hold then use in every day scenarios like at walmart or something. Not saying they don't do it, but btc seems more of an investment than anything else (right now)
