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.
Actually very valid point.
The current working model of the charities requires conversion to fiat money (via BTC), thus price will drop at the time these coins are sold.
One can however control the amount of coins that are released to charities (as
maccaspacca also noted), to counterfeit that.
This rises another question, who is going to manage charity share of coins and what policy will be chosen on when to sell these coins.
My vote would go to a charitable foundation of some kind. I'm sure once the coin gains traction bitcointalk.org could support support this, even providing independent scrutiny of it's activities. The policy on selling would depend on prevailing market conditions but I would imagine a "drip feed" approach into a BTC wallet for each charity would be best. The charity could then access the funds as needed.