Post
Topic
Board Marketplace (Altcoins)
Re: [IOTA] IOTA Speculation
by
cryptoknightt
on 17/03/2016, 08:09:59 UTC
How would this boost the ecosystem?
Yes, I'd like to get further clarification on this too. How do you feel it would boost the ecosystem by a LOT?
I really don't feel like selling. I feel like it's like giving away a portion of a winning lottery ticket. But I am open to ideas. If Iota holders sell millions of units to these potential large buyers and give them preferential treatment (below market rate) what type of preferential treatment could the Iota ecosystem get in return? [hypothetically of course]

They are very well known and influential. If they own some decent amount of coins, they will promote iota more effectively than anyone else and bring projects to iota. Their involvement alone can be a huge marketing asset for iota. Additionally, they can bring projects to iota. It is not hypothetical. They have done it with other coins in the history.

If you have coins and be able to make commitment, you should contact David for more questions.

The way I see it, if they are very well known and influential in the Bitcoin space it means they have been around the industry for a long time and most likely have much more money than me. In that case, being early cryptocurrency adopters, they can afford to buy Iota tokens on the open market like everybody else.

If Iota is as revolutionary and useful as it seems to be it will grow on its own merit without the need to pay for outside spokespeople. As the Iota ecosystem and brand naturally grows and these influential people who missed who ICO realize the direction it's heading (they seem to have done so already), they will buy in and create a position for themselves anyway. At that point they can start cheer-leading as much as they like. No need to give them preferential treatment.

That's not to say I don't believe in marketing. It's important. The more mainstream articles mention Iota especially, the better it is for the project. But I personally prefer Ludom's approach of creating a crowd-sourced Iota Fund for marketing purposes. If no further clarification is provided regarding these big influential buyers I will simply donate to that fund.




You coin holders out there hang onto your iotas, unless they are going to pay the market rate.

Just the fact that they are able to buy in a large chunk, which would be a hassle to do on an exchange is bending over for these guys enough. The fact that these individuals are kept a secret  before the deal is already made also speaks volumes.

If they believe in Iota are really going to help it they can pay what anyone else would pay. The fact that they demand a discount is worrisome. We can do without them. They want in they can pay like everyone else. Especially jl777 (still a great guy btw)