Post
Topic
Board Announcements (Altcoins)
Re: BiblePay | Masternodes | Sanctuaries | POBH - ASIC Resistant | 10% ORPHANS
by
aikida3k
on 07/08/2018, 08:14:37 UTC
What about this idea:

https://preview.ibb.co/h3wgAe/Donate_BBPApp.png

I know that there is going to be some waste on buying BBP for selling it later (plus all the fees)... But it is actually happening the same thing for the people donating BBP right now. We need a way for "normal people" to buy BBP. All the Christians that I know will never open an account in an Exchange. However, I am sure that some of them will donate using this mechanism if it simple and straightforward.

This will for sure help to create volume and increase the price.

And we need a huge marketing campaign. All is about marketing nowadays.




This is neat but consider that every individual that buys BBP is helping to support orphans by supporting the price of BBP. If you are buying BBP, you are supporting the price of BBP. If you are supporting the price of BBP to go higher, the price at which we can sell the superblocks that go specifically to orphans is higher, therefore a higher price from buyers willing to pay higher prices of BBP supports more orphans.

The last link in your schematic sends the purchased donations to the orphanages in BBP, which later has to be sold back for fiat.  This has a net zero effect on supporting the price of BBP unless the orphanage accumulates and hoards the donations to wait for a major pump. But if the orphanage sells the BBP on receipt, the effect on the price of BBP is negligible; BBP is bought and sold at a high velocity.  The benefit of masternodes and staking is that the velocity of BBP is slowed and supply is drained, which should encourage buyers.