It is always better when people mind their own business and don't spread FUD just because they decide to "leave a market". Anxiety from choosing to remain in the market is a different story.
I see Bitcoin is hovering a little higher today, although personally I'm kinda hoping it drops a bit before I make a purchase in the coming days. Look at it as a cheaper opportunity to buy DNotes with your dollars than you had before!
I've been looking at some facts on student debt in the states and UK, some of them are horrifying! (albeit some figures are hotly contested). For young people such as myself, the potential rewards are well worth the risks with crypto. I'm not sure DNotes will be available at a relatively low price in the near future regardless of what Bitcoin does. Giving away lots of crypto is part of my strategy to encourage adoption, as the value goes up of each unit of Notes, the more people you can give a "worthwhile" amount to. By this I mean that I could give somebody $20 of DNotes to get them started, but this could be several thousand DNotes, and would not be an insignificant proportion of my overall holding if I'm giving them away to many people. By comparison, if I am correct and they go up by a large margin, I could continue giving $20 worth of DNotes away to each person to get them started, but would have to give away far fewer of my overall holding. I could reach more people.
The more people who hold DNotes, the more awareness and demand will exist for them. That demand and increased chance of mass adoption will more than pay off for any small amount of DNotes you give away. I think the true trick would be in convincing people who know nothing about crypto, that these 'digital notes' that they know absolutely nothing are their best chance at escaping debt and retiring early! My blog is on how to register is still pending lol.
Just wanted to get in a quick afternoon post before I went about my daily activities.
You're right, the level of student debt is horrifying. This was a post from CryptoMoms a couple of months ago:
Did you know that in June, 2010, for the first time ever, the total student loan debt exceeded total credit card debt in the U.S. Check out the Student Loan Debt Clock:
http://www.finaid.org/loans/studentloandebtclock.phtmlRegarding being able to give people more DNotes now (ie. your example of $20 worth to everyone) because the price is low, as opposed to a lot less DNotes for $20 in the future, is something I have wondered about as well. My initial thought was that it would be better to give 100,000 people 100 DNotes, but then wondered if it was more beneficial to have the earliest adopters with a somewhat larger stake, similar to the early shareholders in a public company?? Would that make a stronger, more protective following?
Great question, that is a tough call. It probably depends more on the individual, but of course you can only attempt to predict how the person will react. There is a third option, start small, if it doesn't peak their interest or result in some level of reaction, there is no reason to go further.