Quote from: pieterjanvh on June 18, 2014, 08:48:55 PM

Quote from: renisel2 on June 18, 2014, 08:42:05 PM

Focusing on increasing the value isn't necessarily a problem. It goes hand-in-hand with making it useful for something. What I don't understand is discouraging its use by incentivizing hoarding. It seems like they're trying to treat this kind of like a stock that pays dividends; but it doesn't pay dividends unless you hold a certain amount of shares, and the business plan to fund those dividends long-term doesn't seem very clear (and it's not really publicly owned).

Quote from: RoscoeWins on June 18, 2014, 06:26:37 PM

Part of the reason I dropped out. Their sole purpose is to raise the price only, not to have it used for anything. And they can't even deliver that.

Quote from: renisel2 on June 18, 2014, 05:43:13 PM

Quote from: pieterjanvh on June 17, 2014, 09:17:48 PM

Quote from: JakeThePanda on June 17, 2014, 08:47:25 PM

But doesn't this hurt the value of CAIx? People who are disqualified dump and nobody has a chance to buy in as a node anymore.

Honestly we don't see it that way, we just want to reward the people that are simply holding this coin.
The dividend program and the way it works seemed like a very good way to do exactly that...

Why do you want to reward this? To grow a currency, I would think you would want the early adopters spending at least some of their coins, and their reward would be the increase in value that comes with a wider user base.

I don't know why you're asking for a business plan for future funds?
The dividend program is currently a one time thing, funded by the 14 BTC that we received from investors.
Read all about the project here.

My original question was why you would want to reward hoarding--whether it be just for the month of June, or in the long-term. I understand that this payout is a one-time thing. But I have also seen information that would indicate to me that there is some possibility of future payouts of that nature using revenues from miners, games, etc. I've seen no guarantees, but it seems to be at least potentially part of the plan. If that's incorrect, then that answers my questions about long-term dividend payouts.

renisel2

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