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Wei_Dai comments on Making money with Bitcoin? - Less Wrong Discussion

18 Post author: Clippy 16 February 2011 07:17PM

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Comment author: Wei_Dai 13 March 2011 09:30:57AM *  4 points [-]

Is there any way to program an electronic currency system that will make the creation of currency dependent on recent changes in value to maintain a stable value of currency?

The short answer is probably yes, but the details haven't been fully worked out.

See my old b-money proposal for some ideas on how to maintain a stable value for a cryptocurrency.

You might also be interested in a recent blog post by Eli Dourado on the economics of cryptocurrency, and my comment there.

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