From: Peter Todd <pete@petertodd•org>
To: Luke Dashjr <luke@dashjr•org>,
Bitcoin Protocol Discussion
<bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Softfork proposal for minimum price of $50k USD/BTC
Date: Sun, 31 Mar 2019 21:11:12 -0400 [thread overview]
Message-ID: <20190401011112.6icdkyjocf4qh5oz@petertodd.org> (raw)
In-Reply-To: <201904010030.34825.luke@dashjr.org>
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On Mon, Apr 01, 2019 at 12:30:34AM +0000, Luke Dashjr via bitcoin-dev wrote:
> Certain parts of the community have been selling bitcoins for unreasonably
> low prices. This has halted Bitcoin's valuation at $20k and even driven the
> price down below $15k! However, clearly Bitcoin is worth much more than
> that, and there is widespread support for higher prices.
>
> In light of this, I have written and implemented two BIPs: one to add a
> signed price field to Bitcoin transactions, and the other to softfork a
> minimum price of $50k USD/BTC a year from today.
I believe I've found a serious vulnerability in your proposal: there's no limit
on the maximum supply of USD.
--
https://petertodd.org 'peter'[:-1]@petertodd.org
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next prev parent reply other threads:[~2019-04-01 1:26 UTC|newest]
Thread overview: 13+ messages / expand[flat|nested] mbox.gz Atom feed top
2019-04-01 0:30 Luke Dashjr
2019-04-01 1:04 ` Ricardo Filipe
2019-04-01 2:57 ` Thomas France
2019-04-01 3:04 ` Dave Scotese
2019-04-01 1:11 ` Peter Todd [this message]
2019-04-01 2:55 ` Omar Shibli
2019-04-01 3:02 ` ZmnSCPxj
2019-04-01 3:07 ` Satoshin
2019-04-01 8:55 ` LORD HIS EXCELLENCY JAMES HRMH
2019-04-01 2:54 ` Omar Shibli
2019-04-01 11:22 ` Melvin Carvalho
2019-04-01 11:50 ` Dana L. Coe
2019-04-02 16:48 ` Aymeric Vitte
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