What do you think of his comment?
But one thing is for sure, if Iconomi doesn't start market buying with their profits, they will quickly have $millions worth of assets backed up sitting in buy orders on exchanges. For example, there is only around $1,000,000 worth of ICN for sell on Kraken at any given day, but the ICNP is already sitting on a potential $9 million worth of buybacks if they break even on all sold investments. If they don't use some to market buy and move the price, nobody would ever sell.
Seems pretty valid at first, but I still think market orders are only good in short-term and will eventually do more harm than good.
Let's try to analyse this:
For the sake of simplicity assume $1m daily trading volume split half and half between "buys" and "sells"
Also assume Iconomi makes $9m in profits to distribute each quarter (90 days)
So about $100k worth of buybacks every day. That meets about 20% of all "sells".
Shouldn't be a problem really.
Also, Kraken isn't the only place to trade and I think more big exchanges will list ICN eventually.
What could be an issue (although not necessary) - a development of clever algorithm that would be constantly adjusting to ever-changing crypto-market conditions and placing right bids at the right time.