Reply to post: Technical ways Bitcoin could stabilize it's value....

Now that China has all but banned cryptocurrencies, GPU prices are falling like Bitcoin

Anonymous Coward
Anonymous Coward

Technical ways Bitcoin could stabilize it's value....

I was thinking through different ways that cryptocurrencies could become more stable. Basically, the rate of coin mining needs to be related to the current exchange rate (e.g. vs the Dollar).

Maybe there's a way that the blockchain nodes can "agree" the current conversion rate "coin to $" and fiddle the mining rate to keep a more stable price?

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