Post
Topic
Board Announcements (Altcoins)
Re: [ANN] BlackCoin (BC) | on exchanges | PoS | No premine
by
Stinky_Pete
on 14/03/2014, 16:16:59 UTC
Also, is anyone aware of the conversion schedule of BTC > BC? I understand it will be manual at first but i think the most continuous the better.



I'd like to see some discussion on the exchange strategy as well.  Depending on how many BTC per day we have I think we should consider doing smaller buys to move the price up a bit, say 50-100 satoshis, then drop the rest in as a nice buywall that splits the bid/ask.  It seems like if we just buy a bunch a couple times a day we'll end up creating a short term spike and overpay.  If we can bump the price a little then stabilize BC while slowly filling our buy at a better price that would be great.  A steady 10% per day increase will double the price every 7 days.

Could be a problem if the multipool becomes the biggest player in the BTC/BC market. If not, then pound-cost-averaging at random intervals should be OK.