no point the vote ends in 35 minutes. it was only a 45 minute vote! http://strawpoll.me/1327642 GET YOUR VOTE IN 35MINUTES LEFT
If we use the largest volume exchange and it's done once every 24 hours people will set their sell orders a little higher around the expected buy time, which means less bc (and incentive) for the miners in the multipool, although if the price goes up then this may be negated... such a dilemma.
The whole point is to mine the most profitable coins, sell them at the best prices possible, and buy the most BlackCoin possible with the proceeds. To do that, whatever coins are being mined should be sold immediately as each block matures, on whatever exchange is currently offering the highest price, and the BlackCoin should be immediately bought off of whatever exchange is offering the lowest price to maximize the number of BlackCoins going to the miners. This avoids having to dump massive amounts of whatever coin is being mined at once and gets a higher, more consistent price, and it avoids having to buy BlackCoin in large quantities at once for inflated prices. Obviously, all the buying and selling should be as automated as possible, and the only way to avoid having people game the system is to have the buying and selling happen in small quantities spread over time/exchanges to get the best ROI for the miners.
I also think it is very important to not tell anybody what coin is being mined or where they are being sold until after the coins are sold and the pool has moved on to the next coin, and to not tell anybody what exchange the BlackCoins are being bought from until after they are bought. If people know what coins are being mined, there is nothing stopping big holders of those coins from dumping their holdings and lowering the price, knowing that soon after, the multipool will be dumping those coins and they can buy back in at a much cheaper price. The inverse applies with buying BlackCoins… if people know where they are going to be bought and when, they are simply going to put up overpriced sell orders because they know that the pool has to buy them at whatever price they can get them at, and the miners end up with less coins for their time. I’d much rather have the price of BlackCoin rise slowly across all exchanges than be a roller coaster on one exchange. Slow and steady benefits the miners, which is what I kinda thought the whole point of the multipool is supposed to be. Roller coaster only benefits traders and pump ‘n dumpers, and I say fuck them… they have a hundred or more other shit coins that they can do their thing with.
TL;DR – Mined coins should be sold as blocks mature and on whatever exchange has highest price, Blackcoin should be bought in a continuous process from whatever exchange has the lowest price, and none of the information regarding what coins are being mined, where they are being sold, or where the Blackcoins are being bought should be made public knowledge until after the fact.
I have to agree
