23 Jun '13, 8pm

Bitcoin starts to grow up with a quasi peg

In other words, when I described the peg idea I pointed to the Bitcoin Foundation as a potential body to capitalize and maintain the bitcoin peg. My point was that the Bitcoin Foundation could be the oversight group to organize a price quote, but capitalizing and maintaining the ‘official’ BTC price does not necessarily mean putting up equal, (or significant partial amounts) relative to to the current float of BTC (approximately $1.4 bn.). It can mean doing what BitPay is doing; creating an indexed price; offering guidance for transactions that in turn boost confidence in price discovery which in turn increase liquidity and market capitalization.So far, so good.

Full article: http://rt.com/op-edge/bitcoin-currency-max-keiser-138/

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