Re: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes
Bounty: 400 SPR
For shits and giggles, if someone good at math would like to do an analysis to find the most efficient determination of how many Darkcoin would have to be sold and how many Spreadcoin would have to be bought (with the total BTC that would have to be spent for them) for SPR to pass Darkcoin in price, in a manner that at least makes sense as I understand there are many variables, I'll pay you 400 SPR.
For example, if there is a 1000 DRK buy wall then selling into that isn't going to be efficient. So 0 DRK would need to be sold but XXX,XXX SPR would have to be bought.
Or the most efficient means to do it would be to sell 23,450 DRK and buy 114,500 SPR because of current and anticipated buy and sell walls.
Not easy math I understand. It's far beyond my capabilities.
For shits and giggles, if someone good at math would like to do an analysis to find the most efficient determination of how many Darkcoin would have to be sold and how many Spreadcoin would have to be bought (with the total BTC that would have to be spent for them) for SPR to pass Darkcoin in price, in a manner that at least makes sense as I understand there are many variables, I'll pay you 400 SPR.
For example, if there is a 1000 DRK buy wall then selling into that isn't going to be efficient. So 0 DRK would need to be sold but XXX,XXX SPR would have to be bought.
Or the most efficient means to do it would be to sell 23,450 DRK and buy 114,500 SPR because of current and anticipated buy and sell walls.
Not easy math I understand. It's far beyond my capabilities.
That's the fighting spirit.
The visible order book on Bittrex is 4.8BTC, which gets you 12,587 SPR.
To match the DRK price you need the highest ask price (shown) to be 18x greater than it is 0.0192554 > 0.00869. If someone sells 226,566 coins at that price, you beat the DRK price /per coin. But that only gets you a market cap of ~$3.3m. Another x3 dump of coins, say 700k SPR might get you to a marketcap of $10m. You're looking at ~350BTC. Done gradually forcing up the price, you might need 5x that, say 2000 BTC.
otoh has a put a price floor on DRK at 0.007. He has open orders around 400-500 BTC DRK on finex and 100 BTC on Cryptsy. Depending on whether he wants to keep topping up, your're looking at 600-1,000 BTC of selling.
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