Quote from: ny2cafuse on June 11, 2014, 09:27:59 PM

I'm not concerned about what could be done with 2%, I would just like to know what it's all about. In my mind it's just a premine after the fact.

-Fuse

I am not going to defend the DEVS -- but I will offer a different perspective.

POT is not just another flash in the pan coin that will be gone in a few months. Its a real team, with a business plan and focus on bricks and mortar usage. This is a VERY unique and unusual thing in the crypto world (most are created by devs whose entire purpose in to pump and dump and walk away) With the zillion other cryptos out there, you can't achieve adoption without focus and business like mentality.

Yes, I agree -- this entire discussion is the equivalent of a premine after the fact -- but with so many in circulation, decreasing supply is not a bad thing.

Coins are a commodity. Real companies that drill for oil or mine gold, do all they can do to manage and hedge the price. And do what ever they can do to make more money. We all would like to see POT at a higher price and we all would like to see more adoption -- I believe adoption and price are connected much tighter than most consider.

Meaning -- if POT was valued at even $1 USD... the payment structure simplifies and it takes fewer fragmented transactions to actually purchase something, which means easier processing for vendors and customers. Moreover, perception changes. POT would be seen as viable ... 1-to-1 for real dollars and usable for real transactions.

In the end its supply n demand. Right now there is too much supply. Most people here only focus on on the demand side- so lets talk on the supply side. I think you have to ask yourself the question --- "If this was my business and I wanted to manage and control supply - how do I accomplish that?"

1) POT run or managed POOL - lots of configurations here are a couple - could be a multipool that mines other coins and pays out in POT -- could be a pool with high hashpower that just mines POT for the "company" In any case it has the opportunity to take coins out of circulation -- decreasing supply.

2) Buy POT directly from the exchanges to support/increase price. At the time of this writing -- I could have bought 100% of the volume from Cryptsy for 6.4 BTC -- around $4000 USD -- its not a huge market. Not that it would make sense but if someone did buy 6.4 BTC -- where would the price be? If my math is right, that's over 600K coins and in any case -- it would decrease supply.

3) Trade POT on the key exchanges ( in the trading world this could be akin to market making ) This activity by itself should stabilize the price and flatten the peaks and valleys. It happens all the time in equity, FOREX and futures markets.

4) Remember, cryptos almost always carry a "network transaction fee" for sending it around network. So, in concept this is not a new thing. I am not sure the exact usage of the above stated "tax" but consider this -- an additional fee that is assigned for transaction above a certain threshold, XXX BTC would only impact big pools and pumpers/dumpers that are manipulating the price by buying and selling large volumes. This would cause them to either pay the "tax" of make smaller trades on the exchanges -- smaller trades would be eaten up by the general market and price would swing less. And if they choose to make the big transactions, rather than fight it directly ,,,, make money from it.

Unfortunately -- we here are the geeks (I am part of this group and freely admit it); people in the early adopter bleeding edge of this movement. As a result we nitpick and over think every movement and twitch and in the world of always on, the lack of movement is perceived negatively.

The average person does not care and never will - they want function. How many people really care about PayPal fees? Customers don't because in the end, it just works. This movement, legalization, POT -- its not about the geeks (the minority) -- its about the majority. The majority will make this successful and thrive. That majority just want it to work.