Quote from: bogglor on September 15, 2015, 03:37:58 PM

Quote from: bitkapp on September 15, 2015, 11:40:09 AM

I think I expressed myself wrong; the main aim of this is to reduce arbitrage opportunities which increase price discovery and equalizes the trading volume over the multiple exchanges. This is exactly in the spirit of the free market and is in fact encouraged. And the fee is in the spirit of any type of project like this one. Voluntary donation as suggested will be used to fund PR campaigns on DigiByte Group.

I really don't see the issue, this isn't about centralizing anything; it attempts to reduce price differences between the multiple exchanges.

Once I've hashed out the idea properly I will make a proper forum post on our forum to make my intentions clear.

It still sounds like price manipulation.

Nobody should decide what the price should be. By creating a fund (what the crypto community would call a whale if it was an individual person) to buy/sell DGB with the purpose of 'reducing price differences between exchanges' you are manipulating the price to what you think it should be, not what the open market determines.

I understand your hesitance here, I really do but wouldn't this whale be acting in the interest of the whole community and there is already whales that do not perhaps.