Peter Todd [ARCHIVE] on Nostr: 📅 Original date posted:2019-03-31 📝 Original message:On Mon, Apr 01, 2019 at ...

📅 Original date posted:2019-03-31
📝 Original message: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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