19 Aug '12, 6am

Fixing bitcoin volatility problem caused by long term speculators with short term speculators. #bitcoin

Look what happened yesterday, the price jumped to $15.30 or so then back down to $10 or so. That kind of volatility, happening that fast, seems very likely to cause disasters to anyone providing significant leverage. Since speculators love volatility, I don't suppose there would be much interest left if some kind of volume-averaged price was used as strike price or price used in margin calculations or whatever, would there? As I now have scripts for working out the actual value of a portfolio of assets, I have been thinking of offering lines of credit secured by assets, so that people can borrow for any purpose, even for the purpose of shorting. I would protect myself somewhat against volatility by only considering somewqhat less volatile assets to be suitable for collateral, or by lowering the amount of collateral an asset is evaluated at for use-as-collateral purposes if...

Full article: https://bitcointalk.org/index.php?topic=101668.0

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