Post
Topic
Board Announcements (Altcoins)
Re: ANN:BCT COIN, SHA3-KECCAK-BITCOINTALK COIN [BCT]-POW / 1st Place on MINTPAL
by
maccaspacca
on 26/05/2014, 11:34:59 UTC
Something i have always wondered about charity coins...

As they need proper currency, not crypto, the BCT must be sold for BTC which can then be converted to cash.

Surely with such a huge amount of coins, the price will be held down as these are sold or smashed down if they are sold quickly.

I'm not criticising or FUDing, just asking if that is how it will work. If it is, others may be nervous about investing.



I'm sure there will be a plan to release the coins to charities over a period of time at a rate that won't affect the price.

The best way would be to release at a % of the mining rate or at a rate agreed with the community.

As the long term price rises and investors trust the coin more and more the value of each BCT will rise and so will the amount per coin sent to charities.

A charitable foundation is the best method to do this and with community voting on the rate of distribution.