Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] The internet of blockchains | XBridge | true cross-chain P2P
by
KimmyF
on 20/12/2014, 14:27:51 UTC

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
----------
6.25 BTC - that is a ridiculous 1.7% of your ICO wealth.

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


So you mean that if a team believes in their coin they ought to divert money from development to invest in price manipulation?


Yes ... actually. But why negatively ... rather call that positively an INVESTOR PROTECTION.

I don't know why you started with cryptos ... but considerable parts of this scene are now worse than the banksters against whom this revolutionary new technology set off to protect us.  
And crypto ICO/IPO/ITOs seem to have become the new scam scheme to make a tiny group very rich, by making many many people poorer.

What I am talking about is not a worsening ("manipulation") but an improvement ("protection") of the situation, and it only needs to happen in the first ~3 weeks after an ICO/IPO/ITO. And as you can see in his answer and in my former posts about this, the people behind this coin were actually considering it. Good. I would like an update on that now.   But think for yourself - perhaps I am wrong with this suggestion, then find the flaw please.  So: What are the ingredients of my thinking?

  • ICO/IPO/ITO s have become a terrible trap in the past months ...
  • ... often because usually one (only very small) group panics, and immediately sells, at a loss.
  • Understandable, because there is a lot of scam in cryptos, and you never know for sure until after the big-dump-without-recovery. Then it's bagholding for life, or selling at a huge loss.
  • To buy at 25000, and the next day sell at 18000 might look irrational, at first...
  • ...but look at it now: Those few who immediately dumped their BLOCK at a loss, were the only rational people. Everyone who hodled was not. Sell at 18000 buy back at 12000 - isn't that rationality?
  • That immediate minidump to far below ICO prices ... happened before a good buy support had started to build up. Clearly, in the first days how can there be buy support? - Most of the people interested in the coin have already invested - into the ICO.

It's all so easy to understand. And thus, there is a supereasy way out ... to protect the value, support, trust, good atmosphere among the vast majority of the investors ... and it takes only a tiny little minuscule abstinence from greed. Sharing is caring.

Look at the example of BLOCK: To protect 98.3%, you now only need 1.7%. Only 1.7% of the IPO money will get the price back up.

The makers of this software here were trusted with 364 BTC. It would have been an easy act of pure cold-blooded cleverness (or call it team spirit, or even altruism, or business manners), to re-invest 3% of that, directly after the IPO, into stabilizing the price.  (And a lot of the fudding would not have happened, by the way).

And all this is rational for the ICO organizers, because with a rising price they can then later sell what they bought ...

... during the INVESTOR PROTECTION WEEKS  - every I(CPT)O should have IPW(tm)
(... I invent that term now ... could that actually become a paid service?, contact me for details! ... I just locked it into the blockchain, to prove it was me :-) )

Anyways ... is all of the above ... just wrong? Then please help me to understand the flaw in my thinking.

Last but not least, there is another spin on this ... not my words:  "neither is it a bad idea for the Foundation to be invested in BLOCK"
 
Enjoy your weekend!


Feel free to tip me
[BLOCK] Bn3gKj1BKit8YKr5WrFE6BENtEGhuHcQyk  
BTC 15i31jzNpiUZ1Ni4QTvJsVuZ196Ghv175m

The ITO money was for development not to artificially support the current price.
Imo the goal of block is and should be tech, not just an (or partly) investment vehicle and use btc/block to manipulate the price.
Any calculation about how many % of the ITO is needed to bring the price back is imo invalid because its just a single moment in time. If they do this one time the price will correct the second after without a commitment to keep investing after that.
The current value is exactly what it should be, a reflection of the value of the tech delivered atm. Considering the only thing we have at the moment is a prototype i would say your block investment is looking solid.

All your reasons concerning motivation are valid but a team member can only express this by investing there personal funds or by accepting payment partly in block.
Only after there is profit the Block team could use that part of the balance to increase the team holdings as long as that will not risk any part of the continuity of the whole.

Let the market decide the day to day value, let the team concentrate on tech.
So: Create value, support, trust and a good atmosphere among the vast majority of the investors by doing what they set out to do and those investors agreed on when the bought in.