BitShares Forum

Main => General Discussion => Topic started by: fuzzy on January 20, 2014, 10:15:06 pm

Title: What happens to Manipulated Commodity Prices?
Post by: fuzzy on January 20, 2014, 10:15:06 pm

What happens to Manipulated Commodity Prices when BitShares and other crypto-markets open up?  Will Silver and Gold, in particular, go up in price as the Crypto-Equity markets slowly gain traction and grow to encompass Wall Street in their Shadow?

Interested on peoples' take.

Title: Re: What happens to Manipulated Commodity Prices?
Post by: CWEvans on February 12, 2014, 06:50:38 pm

Quote from: fuznuts on January 20, 2014, 10:15:06 pm

What happens to Manipulated Commodity Prices when BitShares and other crypto-markets open up?  Will Silver and Gold, in particular, go up in price as the Crypto-Equity markets slowly gain traction and grow to encompass Wall Street in their Shadow?

The short answer is: The only way to find out is to run the experiment.

However, it is entirely possible that, if some sellers of physical gold accepted 1 oz. BitGold in payment for XAU 1.00, the BitGold might continue to trade at a premium, because of it is easy to hide, transfer, and store, unlike physical bars of gold.

Title: Re: What happens to Manipulated Commodity Prices?
Post by: fuzzy on February 13, 2014, 12:08:50 pm

Interesting thought.  Looking forward to seeing how this will play out.