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Date: Sun, 31 Mar 2019 21:11:12 -0400
From: Peter Todd <pete@petertodd.org>
To: Luke Dashjr <luke@dashjr.org>,
Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Message-ID: <20190401011112.6icdkyjocf4qh5oz@petertodd.org>
References: <201904010030.34825.luke@dashjr.org>
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Subject: Re: [bitcoin-dev] Softfork proposal for minimum price of $50k
USD/BTC
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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 t=
he
> price down below $15k! However, clearly Bitcoin is worth much more than
> that, and there is widespread support for higher prices.
>=20
> 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 l=
imit
on the maximum supply of USD.
--=20
https://petertodd.org 'peter'[:-1]@petertodd.org
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