I don't get how this asset will support the hz network especially now that you will not be raising btc and instead raising hz up front. Will you not use the hz raised and convert it to btc to purchase hashpower, thus being counter productive to the stability of hz? I beleive yours was the one I read today looking to raise 45 btc for hashing power.
First, would like to thank you for understanding my original goal in going the BTC sale route rather than the HZ route. The idea was that the 45 BTC raised would instantly become part of the HZ net worth, and would save HZ holders the negative effects of a market conversion of HZ to BTC.
But yes, funds will be initially converted to BTC for hashpower purchase (we will not be continously selling though). It is only initially we do this to raise the necessary amount of BTC funding. As for how this will support the HZ market, think of this: miners supporting a specific coin can use dedicated multipools to mine various other coins, liquidate into BTC, and use that to purchase the dedicated coin off the market, in this case HZ. Thus, this is essentially what we are doing here. The asset can be viewed as a multipool/hashpower package of sorts for investors who own no hardware, but would like a steadily ROI and payout in HZ. We purchase the hashpower, do the conversion between BTC income to HZ via the market, then payout the purchased HZ to shareholders. Initially, we will not see much effect in terms of market support because much of the profits will be reinvested to build up our operation. Over time however (several weeks to months), we will see the hashpower significantly pick up and the effects will be clearly observable on the market.
To address your concerns: the main issue with the BTC sale was that HZ investors were not comfortable contributing BTC, and wanted to use the HZ AE. I received a few inquiries from willing BTC investors, but they were wary of altcoins and did not want their payouts to be in HZ. This thus creates a potential for misunderstanding and confusion, as HZ prices fluctuate more so than BTC, so the asset share distribution would not be completely fair for both parties. Being in the crypto world for a little over a year now, I see the smallest things being turned into FUD. It is more than likely FUD will follow should I make a distinction between BTC shareholders and HZ shareholders.
Secondly, my original goal was 45 BTC because at the 40 BTC level, I will have access to a significant hashpower cost-efficiency upgrade, thus increasing weekly ROI, and increasing the room we have for faster reinvestments. Remember that the ultimate goal to to reach a point where most investors have achieved ROI, where we have upgraded our hashpower enough where our HZ market buys will be of significant magnitude, and where we have a nice equilibrium of BTC coming in and BTC going out (whether for HZ dev purposes, investor bonuses, reinvestment, etc).
That being said, I've realized that 45 BTC as a flat goal amount may be off putting to most people, as with the last two months of "scamcoin ICO paradise", people are skeptical of crowdsales. Thus, the current initial HZ investment round is significantly less magnitude-wise. And while I will not be able to reach the maximum hashpower efficiency, a 3 BTC value-wise crowdfund will give me enough funding to provide the ROI numbers I've stated.
Edit: The inital HZ/BTC conversion will be slowly done over a few days, and will be a small enough amount so as to not affect the market too much. The market effects however, will only be very temporarily if you think about it. While the price may be lowered a slight amount, that means those people with buy orders just managed to purchase HZ for cheap. Given that we plan to use profits to push HZ prices in the future, the long-term outlook is still positive.
Will be working hard to get everyone their ROI.
