Post
Topic
Board Securities
Re: [BitFunder] Fenix. Hashing from the ashes of Bakewell.
by
nameface
on 13/08/2013, 01:58:05 UTC
I know it may seem like we're turning in circles, but we're not. This is highly valuable discourse!

Peter Lambert's point is well taken. A middle ground must be sought. The board's initial decision to go 70/30 was ambitious. The dividend to reinvestment ratio is really the problem we've all been sensing from the beginning. We can all agree that FENIX should have a strong reinvestment strategy AND pay good dividends. How about:

    - 60% Hardware reinvestment
    - 40% Dividends ( 1 per week )

If our goal is to stay competitive, a 60/40 ratio is far better. I don't think there's really a dire need to halt dividends altogether. Everything always feels like a rush in Bitcoin, but what we really need here is a sane overall strategy we can all agree on. If we can come to a loose consensus in this thread, then we can move on to the next problem of whether to save for our own unit or participate in a group buy.