Re: [ANN][Blocknet] The internet of blockchains | XBridge

When you were planning development budget of 850 BTC, bitcoin price was lower. On top of that, you have collected more than what you need to develop the BlockNet. Therefore, you should have excess funds that you could use for the buyback and support the price. Why don't you spend 100 BTC or so on the buyback?

Quote from: synechist on November 14, 2014, 02:59:41 PM

Quote from: drakoin on November 14, 2014, 02:33:57 PM

Quote from: synechist on October 20, 2014, 09:17:51 PM

Update: BTC funds will be held at the following multisig address in a BitGo wallet: 39mtqLhmPQ8WEpzFCBNHpwPvxFgFPuSDye

That is 364.38012183 BTC ~ 150 thousand USD.
Have you considered to sacrifice (bittrex 7.8 + poloniex 3.6 + bter dust) / total =
only 3% of your immense gains, to stabilize the trading back to ICO prices?
That would immediately stop a lot of complaints.
You believe in your project? Then buy up some of your coins, for cheap.
EDIT: And you probably need less BTC, once the market understands that the trend towards 0 Satioshi is reversed.

A buy wall is actually something we've considered cursorily.
It's not a bad idea - and neither is it a bad idea for the Foundation to be invested in BLOCK.
We'll let you all know if we decide to do this. It makes a degree of sense.
(Hint: might wanna avoid selling at a loss until we respond to this...)

It won't need 100 BTC. Because a (slow slow slow!) rally upwards just needs to be triggered and supported, and then other market participants will join in. Be clever, think willy bot.
Facts:
13.97 BTC = Poloniex sell orders until 25000
7.0672 BTC = Bittrex sell orders until 25000
~0.2 BTC = Bter sell orders until 25000
----------
21.2 BTC
that is 5.8% of the ICO, last week it was only 3%.
So the buyback has become more expensive now, i.e. more people are loosing trust, plus low buy price allows for gains already below 25000. "The" price is starting to settle around half-ICO. Not what you want.
If you had acted when I suggested it, you would have saved yourself 9.6 BTC, for the same action. Consider to tip me 10% of that, for my good ideas Grin

[BLOCK] Bn3gKj1BKit8YKr5WrFE6BENtEGhuHcQyk
BTC 15i31jzNpiUZ1Ni4QTvJsVuZ196Ghv175m
Cheesy

EDIT: Thx for the small tip, well appreciated. And yes, the sooner this is settled, the earlier this most important change will happen:

Quote from: BTCMILLIONAIRE on November 17, 2014, 05:05:46 AM

Can we get back to BlockNET Roll Eyes

i think thats true. you should spend it for rise nearly ico price. its 21BTC or 25 BTC. if you dont believe your own coin, why people trust ?

Update of the numbers, not 100%, because of partly hidden orderbooks, but still ...

1.76 BTC = Poloniex sell orders until 24999
4.42 BTC = Bittrex sell orders until 24400
0.07 BTC = Bter sell orders until 23995
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6.25 BTC - that is a ridiculous 1.7% of your ICO wealth.

So ... how much DO you believe in your own coin?