Quote from: saffroncoin on September 23, 2014, 07:30:17 PM

Quote from: fuubar on September 23, 2014, 07:02:35 PM

Quote from: MysticalCockFungus on September 23, 2014, 01:42:11 PM

I will instantly market dump all my SFR if you guys do this fucking ridiculous stupid Saffron commodity backing bullshit. Look at URO, look at CANN, it doesn't work, it is the guaranteed recipe for disaster. First of all commodity backing only works if you own a very very very large share of all the commodity and you are able to distribute it in exchange for SFRcoin. I doubt anyone here has any connections to saffron distributors or anything to do with saffron itself. Nobody is going to throw hundreds of thousands of dollars into buying a huge amount of saffron so we can have a "commodity backed" coin.

You people are being stupid and impatient, just because this coin isn't getting pumped like the other shit you want to find quick dirty ways to milk a price rise. Thats not how this game works and there's no way in hell you are going to convince any saffron distributors to use SFR coin as a payment method, it actually hurt my brain how stupid this idea is. Dump ur SFR and go chase the next bullshit promising anon shitcoin that some scammer comes up with.

I totally agree and I understand your frustration. What scares me the most isn't the people discussing this, but also from the developer. I will also exit Saffroncoin and remove my miners if any of these plans goes any further. I even signed up here just to discuss this particular subject. I'm not a forum guy...

If you believe anyone in the real world would care about $150-200k market cap you need to rethink and educate yourselves. If we make 10-100 times Bitcoin market cap (which will never happen) maybe someone would listen.

My suggestion is continue working long term and hard to get Saffroncoin accepted as payment method in India or elsewhere. I just watched a Bitcoin documentary on Youtube about how Bitcoin gives people in the developing world (in this case Kenya) access to banking services almost for free. Their banks rob them on high fees and bad service. Getting a POS (point of sale) solution working with SFR like a credit card or a mobile payment system would be great.

If you still want to have real value backing the currency, consider a do-able thing like starting a company (for example an exchange been discussed) or several companies and let SFR be backed by it giving out profits to holders of Saffroncoin like a preference share or bond (but with no loan of course).

Mate we are already working on whatever you suggested. It is literally foolish to say you would dump if it goes this way. One man's food is another man's poison. There is no guarantee that any of u are correct. I don't understand the hyperactivity involved in this.
This is just a point put forward and i never said that i am for or against this. I asked you guys to decide this. This discussion should be in a civilized way rather than get frustrated and talk about dumping and removing miners. It is pretty lame to talk of all that now since nothing is decided.

I think SFR is great, that's why I have invested. I love the work you have done with SFR. I'm just afraid that the SFR community will loose focus discussing too many options. I'm also convinced that the path of being backed by a commodity (at the moment) is bad for SFR, which will make me loose faith in it. It just doesn't feel serious.