Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
Another tought i have:
I was thinking that auction held, lets say 1. day of every month, with 5 stakes at a time for a year could keep the price a lot higher and be better PR, than auctioning 'em all at once. Weather it's in NXT-AE or not. And give the rest either for stakeholders or to charity on NEM's first birthday or something. Stakeholders could vote what is the best charity.
I was thinking that auction held, lets say 1. day of every month, with 5 stakes at a time for a year could keep the price a lot higher and be better PR, than auctioning 'em all at once. Weather it's in NXT-AE or not. And give the rest either for stakeholders or to charity on NEM's first birthday or something. Stakeholders could vote what is the best charity.
people could just freely pm him through bitcointalk to buy at market price imstead of an auction and keep the sale of 135 odd stakes off the market and thus not effect the price with many sells. Alls he gota do is send the buyer of "auction" stakes a nem stake asset to buyers nxt account. Job done. Saves the hassle of originising an auction too. It will give the dumpers a good chance to dump at much lower prices to those who may hold the coin long term, as i will. People dont know what to pay at auction as a price hasnt been set yet. The price would be much better set on the open market then at auction, as many will with hold from bidding in the hope of getting cheaper stakes on the open market. I say no auction. Issue assets. Set base price on open market. Then utopian sells the "auction" stakes off the market. Job done and best price got for them. He can also hold some stakes for later sale after alpha and beta when he will get a much higher price.
So you are saying that we need to wait till June/July when the coin is released and then issue an asset and just change the price daily to follow the price on exchances. But if price rises to $0,1/NEM who would buy $100k/stake ? Then we will need to split stakes to not bigger than 10k NEM ($1000) pieces so enough people will afford to buy any. That asset is gonna be there a long time... Exchange volumes might stay too low... Or relay exclusively to NXT-system at first (it needs to get super-popular) and later on NEM's own Decentralized-Exchange ??
No the assets could be issued by 12 oclock tomorrow if utopian so wished and has the time. The infrastructure is there now to do it. Or atleast it will be to tomorrow. And the assets woundnt have to represent stakes ether.. They could represent the coins themselves so instead of issuing 1 stake token per person on asset exchange you could issue 156m nem coin tokens.
So u could sell 50 percent of your stake if you so wish to. The nem coin tokens would be issued on asset exchange and redeemable 1:1 for real nem coins at launch. If you can trade on mintpal you can trade on asset exchange. Its exactly the same thing. But decentralised. No need to be techy.
Its very easy. Why do an auction when you can list nem coin tokens on asset exchange and trade it like a real coin as if it was on mintpal. You buy what you want at market price same as any other coin thats launched on an exchange.
Come distribution of real coins. You send what ever nem coin tokens you own back to utopian along with a nem address and he exchanges the the nem coin tokens 1 for 1 with real nem coins!
This way everyone can trade their coins freely on open market, no need for auction as you would get the best price at the time judged by the market, which i bet you a nem stake would be more then what you would get if it was auction first then open market. The only people that would disagree in my opinion would be people who want cheap auction stakes.
Could we get a devs input on this please?
Edit:
As for doing an auction once a month for a year. Its a bit pointless. Whos going to bid 15 dollars for something they pay 10 dollars for on the open market. The auction price would ether be lower or the same price as the market value of the coin.
Oh, you mean the Maidsafe style. Sounds good, they nailed it. Something like $6000'000 in one day. Maybe after roadmap and alpha is out it could be bulls-eye for timing.
I'm gonna get some more beer and start dreaming...
