Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
Anon136
on 21/01/2014, 07:53:24 UTC
why do you want to keep the price low? I'm not saying you are wrong or anything to want that. Just curious.

Lower price makes big stakeholders to sell more.

sorry to be a pain but could you elaborate on your thought process here.

For example:

I am going to sell 1M of my Nxts @0.00007 (I do not sell in small parts)
Any big invester interested can pm me to discuss it further!
The reason is to buy a new car Smiley
Good day.

In a week he will want to buy a new girl, then a yacht, an island...

It's better if he (and the others) sells at lower price, coz this will require to sell more nxts.

Idk if this follows. Maybe it does, im really not sure. Sure they are selling less of their stake for more real world goods, but its the price rise that is motivating them to sell any of it. Do you think they would even be selling if the price was stagnating? Again im not really arguing, i really dont know. I just think that maybe they wouldn't be selling at all if the price wasn't rising.

We really need to start talking to some of these people. I know klee for example is sitting on 23million. Thats.... excessive.... I think maybe the community should be asking these people for a plan with some concrete steps that they can lay out for us. If this were bitcoin with proof of work than it wouldn't matter. I really dont have anything against people being exorbitantly wealthy. I think thats wonderful. But the security of the network relies on the stake being sufficiently decentralized. Without sufficient decentralization no ones nxt is worth anything.