but I've heard Bitcoiners say "1 bitcoin equals 1 bitcoin" -- isn't that, like, profound and a sort of price fixing?!

denlillaapan

There shouldn't. Either we have a market, where producers and consumers negotiate a price, or there is no pricing system at all. The government can't decide the price of gasoline any more than it can decree that the price of 1 BTC is 1 USD.

econ

Should the government just ban high prices?

0xbitcoiner

There shouldn't. Either we have a market, where producers and consumers negotiate a price, or there is no pricing system at all. The government can't decide the price of gasoline any more than it can decree that the price of 1 BTC is 1 USD. 