Quote from: hammo on December 25, 2015, 12:16:09 AM

Quote from: b1007 on December 24, 2015, 10:31:10 PM

Quote from: Jumbley on December 24, 2015, 07:47:37 PM

Many of us will be stuffing ourselves over the holidays, so I thought Id offer some food for thought for consumption by the general DigiByte community and I came up with pie! The DigiByte pie in the sky club to be precise!

We are approaching the New Year and DigiBytes second birthday. There are over 5.5 billion Digibyte in circulation already and another 19 years of coin production to go before all 21 billion coins will have been minted.
Price or low price is often in discussion in this forum and as much as many of us believe it is not the most important aspect of DigiByte right now, it would be dishonest to say it is not of concern at all. So as a community what could we do to increase it?

Could we target price at one dollar per Digibyte and actively do something about achieving that?
I think this is possible, if we worked as a community, and this is my idea of how we might go about doing just that! A community acts together but it is extremely difficult to ensure that we do act together and not as individuals, people will always be tempted to move first because they know others will if they dont.
Imagine we set up a club (the pie in the sky club) and we limited it to 1 million shares or members of this club. If we set the share value to 10,000 DGB, the total fund would have a potential target value of 10 billion DGB, nearly half of all the DigiByte that will ever be produced.

These funds would then be controlled by the trusted club trustees, contractually and legally bound to carry out their activities in accordance within the predetermined rules set out by the community members in a transparent manner so that everyone could see them and be reassured that this DigiByte at least, was off the market and was unable to be dumped onto it.

The mandate of the club could be as simple as this. All shares would be paid back to their respective owner, when DigiByte reached a fiat US dollar value of one dollar and remained above that value for 30 consecutive days or 30 days after all 1 million shares were allocated and total fund value was achieved, whichever came first! A $1 share at todays prices could be worth $10,000 possibly when redeemed, hence pie in the sky and if that wasnt quite achieved, the club would have gone a long way to improving the value of DigiByte anyway.

Of course it would take time and cost money to set up a trust like this, so maybe the first hurdle would be to cost and fund that itself but this is the sort of thing that DigiByte Group was set up for, so that the community can do things like this. Maybe each share would come with a management fee, I dont know because I have not taken this idea any further than it is presented here in front of you the DigiByte community for your consideration.
Im not going to do anything more about it unless the support for it is overwhelming, so tell me what you think!

Please discuss and happy holidays everyone!

Wink

Sounds like a good idea! I am in! Cheesy

Sounds like a Plan but...

Maybe 10,000 members contributing a million DGB each is a much more realistic goal.

As you say, it takes the coins off the market.

And the wallet could be a multi-sig one amongst the trustees

Of course, you'd call it the Million Digibyte Club

Good, other idea's coming into the mix! Keep them coming..Yes a millionaire might take 100 shares.

"One Dollar One DigiByte!"

Today, that's pie in the sky still and we are an honest and open community so we don't mind saying so.