This may not quite sit here, and if it does not, please remove it.
The way i see it we would have 2 options.
- A: base the price strictly on the order book based on supply/demand and let the user know what the last trade went for.
- B: let it float against a crypto with no chance of being delisted such as bitcoin and calculate how much fiat the coin is worth in sats.
The first way would be totally free floating with nothing but supply and demand at any given time determining the value. The second makes us reliant to an extent on BTC.
At this stage (barter) order book based pricing used primarily for speculation is vastly overrated. When you use XMR for barter what you get will eventually cancel out.
Later on, a elastic money supply, i.e. varieties of social credit based on trust as well as a trustless basis (xmr) will be necessary … but it will hopefully support ALL people, NOT only the 1% parasites. (That’s why I shilled OXEN BTW - credit could be an app there)
And, to put things in perspective, a -25% drop in price means nothing, compared to the effort put into the attack. Fiat drops -25% every so often (measured in real goods). Most people take that, because they rather carry on and not worry about the gun pointed toward their head. To use a racket like this as a unit of measurement amounts to moral insanity.
Good discussion here. Thanks for your thoughts. I agree on the points of barter vs speculation. I’d lean toward preferring the leveling out of the barter route for xmr, but I’m only one user in a market. We’ll see where it goes.
If I don’t know you, I will insist that you give me back something immediately. When I know you better, I become more relaxed: "yeah, maybe tomorrow … … " see where I’m going? CCS is a form of credit in this respect with loose conditions and no interest, of course.
