Post
Topic
Board Mining (Altcoins)
Re: Claymore's ZCash AMD GPU Miner v8.0
by
Red55555
on 06/12/2016, 17:10:39 UTC
Yeah right, and who would those pools sell it to? At prices higher than of a free market. Say, they put the price at 1btc. What then?

U people miss the experience of living in soviet union. These kind of plans dont work.

Market manipulation or cartels have nothing to do with predetermined production in Soviet union mate. More likely this can be mocked as an attempt to make a "central bank" for zcash. To be honest, mildly controlling the price of a currency is what central banks do. If you meant "you people" by Finnish people, we are nowadays basically anti communism as a whole.

If you actually read my last post, you would see that what i meant was to manipulate the zcash price so the coin dumping wouldn´t have such a detrimental effect on the prices. Therefore the prices could be better adjusted to the current demand (through centralized selling=pool collaboration). As i originally posted, there is a risk that if the price is too high, people wont buy it and if it was the 100 dollars each i originally hypothesized, we would still need to make the majority of the network to collaborate with this plan. To control the risks i threw out ideas of pool collaboration and an idea to adjust the price to the point people would actually buy it (read "leftover demand", which of whom may or may not buy zcash even if they can´t get it for 50 dollars each). This is also 100% theoretical speculation as you may have noticed.    

Though i´m not sure if you are trolling with that "socialist - card" Cheesy