Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [GLB]Globe – One Currency for One Globe - Polished and Ready for Action
by
nickbiker
on 12/06/2014, 07:12:52 UTC
I couldn't agree with you more! :-) The only issue here though is the 'perception' that the tax isn't used for anything. It's kinda like a catch 22 situation, e.g. the value of GlobeCrypto isn't high enough to use tax in order to further market and improve the currency. That's why the tax hasn't been used so far. What I suggest is as follows:

1) Let's use some of the tax to give away to people on the street, e.g. same way as premined coins are given away as part of pre-launch to attract interest.
2) Let's update the wallet for POS (Proof of Stake) mining. e.g. % interest per year. e.g. this will encourage the community to buy coins and use wallet to earn interest. Also a great way to secure the network. DarkCoin, CryptCoin, Vericoin are good examples of POS mining! Their value are increasing by the day.
3) Once 1 and 2 have been successful and if price rise as a result then Globe will be valuable enough so Sphere can 'afford' to pay people using the tax.

I believe the price of Globe will rise once the 3 points are in place. Let me know if this makes any sense.