Quote from: CRYPTONAIRE on September 15, 2015, 05:00:00 PM

Quote from: bitkapp on September 13, 2015, 12:58:00 PM

Here is an idea I had recently (original post can be found on the DigiByteForum, click here for more information. If you guys agree or have suggestions please post on the digibyteforum because its easier to have a specific conversation there as opposed to here).

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Hey guys,

I wanted to fly by an idea that I had recently. As you all know the price of DGB has decreased by about 50% since the start of the summer. I was thinking of creating a trading bot (DigiBot?) to "stabilize" the price or intervene in the market when necessary as well as reduce the possibility for arbitrage across the multiple exchanges. I know some people might not agree with the idea but I think its a good way to make some DGB that can then be reinvested in something like a Digibyte group marketing campaign.

I was thinking we could structure this in the same way a fund is structured. Ideally it would be nice to start with approx 1-2m DGB. Every "investor" would have his initial investment recorded and a percentage of the "equity" in the fund. As the fund makes money every investor would have his share of the profits payed out to him (say once a month). The fund would take a commission for maintaining the bot/server (as a percentage) and a voluntary donation (also as a percentage) that would go towards DGB development.

Basically Im thinking of a fund that both helps stabilise the DGB market, reduces arbitrage, makes some money for the investor and helps promote DGB all at the same time. If there is real interest I will make an official post and a format post for people to tell me there initial investment, donation option etc. for me to record for future payouts. I haven't started developing this but I am planning to start shortly (basically once DigiStats is back online and fixed).

Tell me what you guys think and lets get the ball rolling on this if people are interested.

Cheers!

An excellent idea. But then, I would say that, as this concept had occurred to me already; not being a techie there's nothing I can do to pursue it.

However, I'm glad that someone is willing to give it a go, and I for one will be willing to invest in the fund as and when you are ready to launch.

I think it's a very good idea! As I am not a techie myself either, the only thing I can do is to invest, which I am willing to do. Just let me know when you're ready bitkapp.