Dash Central Bank

[dote]

Hello guys!

I know, a lot of you hate everything that has "central" in it But I would like you to think about dash price fluctuation. Every currency in the would has a central bank, witch control price in a reasonable range. It's very important for business to have a predictable instrument to work with. For example, Dash price should not change more than 1% in an hour and not more than 5% in a day. At the same time the bank should not spend all it's money hold a price.

 

[Acedian]

Nope and no. Dash will find a "stable price", in many years time.
As for businesses needing a predictable instrument, Dash might just have to be a means of exchange and the merchant just realises the transaction in fiat for now. This will change in the future once faith/trust in Dash is high enough.

 

[jimbursch]

witch control price in a reasonable range

The reason you see huge spreads between in the "official" exchange rate and black market exchange rates in countries like Venezuela and Zimbabwe is because the central bank cannot control the price. Any attempt to control price is a recipe for going broke, which is happening in those countries.

We have price instability in Dash because nearly all of the Dash economy (which is very small) is tied into the broader crypto currency market. When Ether sneezes, we catch a cold. That won't change until a much bigger economy in Dash develops, and that won't happen until Evo is done.

 

[MizzyMax]

This is why I bought crypto in the first place haha!!

 

[Voluntary]

If you believe that central banks control currency valuation do you also believe that fiat is backed by gold?

 

[akhavr]

Dash has extremely stable price of one token per Dash. So, no need for central planning body.