Why can't we...
Why can't the feathercoin community set a reasonable, voted on price and spend it as such? Like we all decide 1ftc = $5( 10, 50, etc), and spend it as each one really is $5? would this have any effect on actual price?
An exchange basically does that at the moment, people sell for a given value, and people agree to buy, however, what you're getting at here is a stable price, and one way to start to achieve that would be with a mining consortium type thing, where the miners collectively agree a price to sell, and then the coins are available "from source" for an agreed on price not subject to the winds, which would then serve in a way to keep the exchanges in check, if the exchange gets too expensive, the guild provides a cheaper source.