Topic: [ANN] Blacknet | IBO for BlackCoin | New code | PoS | No ICO - page 604. (Read 2510379 times)
TBH I've always been a little on the fence about these ideas. I just don't think it's really necessary. All markets are going to be manipulated sometimes, it's just reality. But only so much can be done.. if we're constantly adding value to Blackcoin it will tend to constantly rise, simple as that.
I'll be honest, I wasn't able to follow your first point. It is very late here though. 
Your second point is definitely valid...we've already discussed having Iconic or a maybe not as busy dev be in charge, and it should be determined beforehand so if someone is weary, they don't have to participate and can instead buy into walls on their own accord.
The thing is, at the very least, people who want to play around with big walls to cause panic and lower prices, hopefully, at the very least, will think twice knowing a buyer (the super buy group) can, and will take apart said wall. As it stands, it's highly unlikely another person will buy 40 btc just because they put up a wall so they have nothing to fear. No longer!
Also, I can't speak for anyone else, but I'm not interested in doing this or implementing Black Shield to just sell higher in the short term. It's all speculation whether people coming forward to help are in the top 100 or not...there's no way to tell so it feels like a moot point. I'm still in for the long haul, but price manipulation in such large walls just hurts the coin causing panic and instability. Of course prices will always be volatile and go up and down, but not on the account of someone(s) doing it for their own agenda.
Your second point is definitely valid...we've already discussed having Iconic or a maybe not as busy dev be in charge, and it should be determined beforehand so if someone is weary, they don't have to participate and can instead buy into walls on their own accord.
The thing is, at the very least, people who want to play around with big walls to cause panic and lower prices, hopefully, at the very least, will think twice knowing a buyer (the super buy group) can, and will take apart said wall. As it stands, it's highly unlikely another person will buy 40 btc just because they put up a wall so they have nothing to fear. No longer!
Also, I can't speak for anyone else, but I'm not interested in doing this or implementing Black Shield to just sell higher in the short term. It's all speculation whether people coming forward to help are in the top 100 or not...there's no way to tell so it feels like a moot point. I'm still in for the long haul, but price manipulation in such large walls just hurts the coin causing panic and instability. Of course prices will always be volatile and go up and down, but not on the account of someone(s) doing it for their own agenda.
Before everyone goes crazy about the Shield/Defense fund, a couple -or three- considerations:
1- The proposed fund, if successful (quite an IF), would have a power acquisition of 200 BTC (assuming 400 blackcoiners would be willing to pony up the proposed 0.5 BTC). Who would this fund benefit? The obvious answer seems to be "The regular investors against the so called "whales", right? and who, exactly, would these "whales" be? Here the answer is not so obvious. But using common sense and the knowledge available to anyone, we have 9 people currently owning each over 1 mill BC. Again using that common sense, we can easily imagine who these 9 people are: The 5 at the top of the list, it's evident, are THE TEAM; the following 4, close family/friends/associates. Now, clever people that they are to have accumulated up to 1200 BTC (value) each, these 9 have a very serious vested interest in keeping the price up, up, up, right? Since they work together/live together, the 9 of then, and since they are very smart people, don't you think that the idea of a "Defense Fund" had been tossed around between them? Of course it has. And, for the 9 of them to start such a fund, with more the 200 BTC (more even than 2,000 BTC) is not only an easy possibility, but actually inconsequential for their holdings... much more considering the obvious "benefits" so many people here see in such an enterprise.
The wouldn't even need the community support to the idea... they would actually have that implemented. Instead, what do we see? that of an initial distribution that could have been 3 mill coins each, only 2 still have them while the other 7 have sold a considerable portion of the initial distribution. Interesting, isn't it? BC is a wildly successful coin by any measure and yet, those who started it, have been selling like mad in some cases. Who are the real "whales" then? From number 3 in the list of wallets to lets say number 50 or even 100, all of the BC-llonaires. Food for thought, isn't it?
2.- Implementing a "Defense fund" seems easy and possible enough, right? Well, if no legal binding documents are drawn, of course it is. But then it isn't a "Defense fund" it is, actually, a "donating fund" whose handler -anonymous as he is-, doesn't have any legal binding obligation to do anything but keep the coins for himself if so he wishes... or a hundred iterations of the same thing whether instantly or overtime or both. Human condition being what it is, this simply would not work.
Conclusion: It is potentially wiser and potentially more effective the idea behind Shield... in part: As a community warning sign for those who voluntarily want to act, to do so. And let me be quite the pessimist here, shield will only benefit those who actually want to sell higher, big and small, NOT the ones than want to see this coin succeed long term. As a matter of fact what Shield is is only a bigger potential version of the proposed "Defense Fund"... paving the way to those 110 (and some others shortly below) BC-llonaires, to unload at higher, more consistent prices, their heavy load of coins.
If this is not true, how come we did not see any of those 109 coming forward last 24 hours investing their already cashed-in proceeds in "defending" against the "whales" that cut the price in half? Well, we did not because THEY were the "whales" unloading some more.
We have to get rid of the tin foil hats and paranoia and use common sense to see what is simply obvious. Those 110 wallet holders (and a couple hundred below them) ARE not just the "whales", they are in fact Blackcoin. And it is simply in their collective hands at this point that the progression of the coin marches forward or peaks and the, when they dump, start the march to the ground. Only 2, at the very top, hadn't succumbed yet to the urge to experiment new riches. 2 months counting, they are holding steady. The third must have have some financial obligations. The next two, probably just wanted new cars/down payment for new homes. And the rest... well unloading, unloading, unloading. Slowly or "whale-sized" (by layman standards). Are we going to contribute, in whatever small size, to make their dumping easier instead of benefit from the effort?
Think about it.
1- The proposed fund, if successful (quite an IF), would have a power acquisition of 200 BTC (assuming 400 blackcoiners would be willing to pony up the proposed 0.5 BTC). Who would this fund benefit? The obvious answer seems to be "The regular investors against the so called "whales", right? and who, exactly, would these "whales" be? Here the answer is not so obvious. But using common sense and the knowledge available to anyone, we have 9 people currently owning each over 1 mill BC. Again using that common sense, we can easily imagine who these 9 people are: The 5 at the top of the list, it's evident, are THE TEAM; the following 4, close family/friends/associates. Now, clever people that they are to have accumulated up to 1200 BTC (value) each, these 9 have a very serious vested interest in keeping the price up, up, up, right? Since they work together/live together, the 9 of then, and since they are very smart people, don't you think that the idea of a "Defense Fund" had been tossed around between them? Of course it has. And, for the 9 of them to start such a fund, with more the 200 BTC (more even than 2,000 BTC) is not only an easy possibility, but actually inconsequential for their holdings... much more considering the obvious "benefits" so many people here see in such an enterprise.
The wouldn't even need the community support to the idea... they would actually have that implemented. Instead, what do we see? that of an initial distribution that could have been 3 mill coins each, only 2 still have them while the other 7 have sold a considerable portion of the initial distribution. Interesting, isn't it? BC is a wildly successful coin by any measure and yet, those who started it, have been selling like mad in some cases. Who are the real "whales" then? From number 3 in the list of wallets to lets say number 50 or even 100, all of the BC-llonaires. Food for thought, isn't it?
2.- Implementing a "Defense fund" seems easy and possible enough, right? Well, if no legal binding documents are drawn, of course it is. But then it isn't a "Defense fund" it is, actually, a "donating fund" whose handler -anonymous as he is-, doesn't have any legal binding obligation to do anything but keep the coins for himself if so he wishes... or a hundred iterations of the same thing whether instantly or overtime or both. Human condition being what it is, this simply would not work.
Conclusion: It is potentially wiser and potentially more effective the idea behind Shield... in part: As a community warning sign for those who voluntarily want to act, to do so. And let me be quite the pessimist here, shield will only benefit those who actually want to sell higher, big and small, NOT the ones than want to see this coin succeed long term. As a matter of fact what Shield is is only a bigger potential version of the proposed "Defense Fund"... paving the way to those 110 (and some others shortly below) BC-llonaires, to unload at higher, more consistent prices, their heavy load of coins.
If this is not true, how come we did not see any of those 109 coming forward last 24 hours investing their already cashed-in proceeds in "defending" against the "whales" that cut the price in half? Well, we did not because THEY were the "whales" unloading some more.
We have to get rid of the tin foil hats and paranoia and use common sense to see what is simply obvious. Those 110 wallet holders (and a couple hundred below them) ARE not just the "whales", they are in fact Blackcoin. And it is simply in their collective hands at this point that the progression of the coin marches forward or peaks and the, when they dump, start the march to the ground. Only 2, at the very top, hadn't succumbed yet to the urge to experiment new riches. 2 months counting, they are holding steady. The third must have have some financial obligations. The next two, probably just wanted new cars/down payment for new homes. And the rest... well unloading, unloading, unloading. Slowly or "whale-sized" (by layman standards). Are we going to contribute, in whatever small size, to make their dumping easier instead of benefit from the effort?
Think about it.
Cool news:
http://www.reddit.com/r/dogecoin/comments/23qg8k/blackcoin_sponsors_dogecon_first_coin_to_ever/
Please upvote if you can!
http://www.reddit.com/r/dogecoin/comments/23qg8k/blackcoin_sponsors_dogecon_first_coin_to_ever/
Please upvote if you can!
That's awesome!
We're going to the moon together!
Upvoted! Everyone else should too!
Black and Doge live together in perfect harmony.
I love the whole idea of a loose alliance. Blackcoin and Dogecoin aren't really competitors with each other anyway. In general, more people in crypto need to work together to build value in crypto-currency as a whole. We're all in the same crypto-boat.. we'll all benefit hugely if the world embraces cryptocurrency. I think this is lost on way too many people.
BlackDoge rocks always.
IMO this two can live together and will ^^.
Who is the moron with the 45 bitcoin wall? Does he realize hes devaluing his own coins just to pick up a few BC? The community is patient for an eventual price swell but its moves like these that discourage new miners. Price increases will make new miners want to join and thus make adoption happen even sooner. Lets try to get more miners to punish them for this kind of thing. Day-trading this coin only slows that process.
It is most likely multiple people. If two or more people place the same sell order, Mintpal combines them together. So if I have a sell order for 10BTC @ 40000 and you have a sell order for 10BTC @ 40000 it will be displayed as 20BTC @ 40000.
This puppy whale just want to buy your cheap Blackcoins, this pile of garbage needs to be wiped out faster, I already suggested some weeks ago to create a superbuy the pool, it would be perfect to break off these walls.
http://blackcointalk.com/index.php/topic,1163.0.html
Do you want a recipe for success on blackcoin ? Then implement now (poolsuperbuy + blackshild ) it will end with this shit.
By the love of god stop putting large sale walls, stagger your sales to have higher profitability and a smoother output....
I think your idea is good and I suggested something like this before. We could implement this tactic without the pool. Everyone interested can either mine for a week on other pools and pledge to buy on a certain day at a certain time on Mintpal. If you are not a miner just buy at the specific time and date set. People would have to pledge to buy at the current market price(not wait for a dip) and not to sell for at least 3 days after buying. If a large percentage of this community joined in the outcome would be epic
...I am in if anyone else is interested....+1
+ 1
+ 1
What needs to be done for it happen? Let's imagine a superbuy, If we have 400 people with BTC 0.5 each, then we would have 200BTC in investment, a simple, good and old math, but for it become possible the 200BTC need to be with a single person for example (Iconicexpert), Blackcoinpool or someone else, I would have no problem with this, I want to protect my investments and I want to see the fuck BC to the moon, and I think everyone here wants the same thing as me, unless the trools of course
. Each investor will give his Blackcoin address to Iconic or Blackcoinpool, and They will stay with 200 BTC with his finger on the trigger, then when some wise guy put a 50BTC sell wall or 60BTC sell wall, bang!!!, bang !!!, he gonna buy and distributes the BC for investors on equally amount. We will thus protecting our investments against this dumpers, and Superbuy will bring more security to potential new investors, it could be a new gold rush. I am 100% in favor of the idea. Iconic you have my full support, I suggest that you create a poll to see how many people can accept this investment. DUDE Let us not get $ 1.00 - $ 10.00 with a turtle's pace, we have to be aggressive, fight fire with fire!!Sorry for my bad english
Excellent idea, why not start this with lower amount say .25 BTC per person, or however much someone wants to put toward it in .25 increments. All is you'd need is 50 BTC to be effective, but surely more would be better to have at disposal. But 50 BTC would be a big start to taking down these whales.
I know we need to do something !!! and faster, if we have 1,000 people with 0.1 BTC would be wonderful!!
Yup, I feel like this is at bare minimum, is just an investment for a future investment, like going to school to get a better job or something down the road.
And even the threat that there are these superbuys out there (with Black Shield as well) maybe whales would think twice throwing up 30 or 40 btc walls trying to create panic, knowing it can be snatched up in one swoop and that they might not be able to pull it fast enough.
Superbuy will create a demand for constant purchasing because no one will want to put very large sell walls, because if they put, we will demolish them, I believe this will be the new gold rush!! Superbuy Now !
Yup! Only those who truly want to sell will list their bc, because they will know it'll be bought, or get eaten into at the very least. So those who want to manipulate won't, knowing their wall will just be torn down. I suppose there will always be a way for the whales to keep trying to manipulate later, but this would at least slow the panic selling that accompanies newer sellers when they see a 50btc wall pop up really low or something.
+100
Funny, I posted almost this exact idea two times on this forum yesterday (https://bitcointalksearch.org/topic/m.6343109 , https://bitcointalksearch.org/topic/m.6345226) and there was absolutely no reaction to it.... I guess I'm not that influential hahahahah
Nevertheless, I'm glad that this idea is picked up because it will protect our investment + it's again something new!
We could indeed do both: donations by the community members here + the blackpool miners. The blackpool would maybe be easier to manage. Maybe miners could (actually 'should' -> it's better to make it a little bit more democratic) be given the option:
1) Pay-out the same day (as is now)
2) Invest in the Blackshield
3) Buy Whale-shares -> huge buy walls that actually eat up large sell orders and distribute BC among the miners.
4) Accumulate and buy at once, once a week.
Diversion over all options could be something too...
What is important, that we trust the one who controls this buy wall!
dang, I totally didn't see your posts!! But you were ahead of the curve, apparently haha! Hoping we can make this happen!
whoa, when did it happen?
Who is the moron with the 45 bitcoin wall? Does he realize hes devaluing his own coins just to pick up a few BC? The community is patient for an eventual price swell but its moves like these that discourage new miners. Price increases will make new miners want to join and thus make adoption happen even sooner. Lets try to get more miners to punish them for this kind of thing. Day-trading this coin only slows that process.
It is most likely multiple people. If two or more people place the same sell order, Mintpal combines them together. So if I have a sell order for 10BTC @ 40000 and you have a sell order for 10BTC @ 40000 it will be displayed as 20BTC @ 40000.
This puppy whale just want to buy your cheap Blackcoins, this pile of garbage needs to be wiped out faster, I already suggested some weeks ago to create a superbuy the pool, it would be perfect to break off these walls.
http://blackcointalk.com/index.php/topic,1163.0.html
Do you want a recipe for success on blackcoin ? Then implement now (poolsuperbuy + blackshild ) it will end with this shit.
By the love of god stop putting large sale walls, stagger your sales to have higher profitability and a smoother output....
I think your idea is good and I suggested something like this before. We could implement this tactic without the pool. Everyone interested can either mine for a week on other pools and pledge to buy on a certain day at a certain time on Mintpal. If you are not a miner just buy at the specific time and date set. People would have to pledge to buy at the current market price(not wait for a dip) and not to sell for at least 3 days after buying. If a large percentage of this community joined in the outcome would be epic
...I am in if anyone else is interested....+1
+ 1
+ 1
What needs to be done for it happen? Let's imagine a superbuy, If we have 400 people with BTC 0.5 each, then we would have 200BTC in investment, a simple, good and old math, but for it become possible the 200BTC need to be with a single person for example (Iconicexpert), Blackcoinpool or someone else, I would have no problem with this, I want to protect my investments and I want to see the fuck BC to the moon, and I think everyone here wants the same thing as me, unless the trools of course
. Each investor will give his Blackcoin address to Iconic or Blackcoinpool, and They will stay with 200 BTC with his finger on the trigger, then when some wise guy put a 50BTC sell wall or 60BTC sell wall, bang!!!, bang !!!, he gonna buy and distributes the BC for investors on equally amount. We will thus protecting our investments against this dumpers, and Superbuy will bring more security to potential new investors, it could be a new gold rush. I am 100% in favor of the idea. Iconic you have my full support, I suggest that you create a poll to see how many people can accept this investment. DUDE Let us not get $ 1.00 - $ 10.00 with a turtle's pace, we have to be aggressive, fight fire with fire!!Sorry for my bad english
Id go in on this.
I'm in...
The coolest thing about this system, and that for example:
Realise that has a sale wall 45000@50BTC if we take a good bite, about 10-15 BTC, the wall will disappear like magic, and if the sell wall keeps steady, the buyers will eat it until we see the bones whale. People need to lose their fear of buying into walls! If we do something like that we do not need spend all our ammunition in a single wall, we will give good bites and if the wall is false it will be removed.
Nothing there. All I see is 17 Sell Wall @ 42999
It's an example
Perhaps the multipool should allow donations to both 'blackshield' and 'harpoon' funds.
Agreed... if the multipool has a % go to the superbuy it can catch whales by surprise so when they try to sell it would have to be multiple people cashing out instead of just a couple. But I should warn the community that you need at least 300 btc to pull this off. People are saying less and thats just not the case.
Blackcoin has the chops to go as far as the community takes it. One simple way you can help is to join the Blackcoin subreddit. I see new users, merchants, and ideas to build value for Blackcoin every day! With activity comes innovation. We will never stop.
JOIN THE SUBREDDIT: http://www.reddit.com/r/blackcoin
1,098 strong and growing FAST.
Reddit is very easy to get into. Reddit is anonymous in nature: you don't even need an email address to create an account!
Cool news:
http://www.reddit.com/r/dogecoin/comments/23qg8k/blackcoin_sponsors_dogecon_first_coin_to_ever/
Please upvote if you can!
http://www.reddit.com/r/dogecoin/comments/23qg8k/blackcoin_sponsors_dogecon_first_coin_to_ever/
Please upvote if you can!
That's awesome!
We're going to the moon together!
Upvoted! Everyone else should too!Black and Doge live together in perfect harmony.
I love the whole idea of a loose alliance. Blackcoin and Dogecoin aren't really competitors with each other anyway. In general, more people in crypto need to work together to build value in crypto-currency as a whole. We're all in the same crypto-boat.. we'll all benefit hugely if the world embraces cryptocurrency. I think this is lost on way too many people.
Who is the moron with the 45 bitcoin wall? Does he realize hes devaluing his own coins just to pick up a few BC? The community is patient for an eventual price swell but its moves like these that discourage new miners. Price increases will make new miners want to join and thus make adoption happen even sooner. Lets try to get more miners to punish them for this kind of thing. Day-trading this coin only slows that process.
It is most likely multiple people. If two or more people place the same sell order, Mintpal combines them together. So if I have a sell order for 10BTC @ 40000 and you have a sell order for 10BTC @ 40000 it will be displayed as 20BTC @ 40000.
This puppy whale just want to buy your cheap Blackcoins, this pile of garbage needs to be wiped out faster, I already suggested some weeks ago to create a superbuy the pool, it would be perfect to break off these walls.
http://blackcointalk.com/index.php/topic,1163.0.html
Do you want a recipe for success on blackcoin ? Then implement now (poolsuperbuy + blackshild ) it will end with this shit.
By the love of god stop putting large sale walls, stagger your sales to have higher profitability and a smoother output....
I think your idea is good and I suggested something like this before. We could implement this tactic without the pool. Everyone interested can either mine for a week on other pools and pledge to buy on a certain day at a certain time on Mintpal. If you are not a miner just buy at the specific time and date set. People would have to pledge to buy at the current market price(not wait for a dip) and not to sell for at least 3 days after buying. If a large percentage of this community joined in the outcome would be epic
...I am in if anyone else is interested....+1
+ 1
+ 1
What needs to be done for it happen? Let's imagine a superbuy, If we have 400 people with BTC 0.5 each, then we would have 200BTC in investment, a simple, good and old math, but for it become possible the 200BTC need to be with a single person for example (Iconicexpert), Blackcoinpool or someone else, I would have no problem with this, I want to protect my investments and I want to see the fuck BC to the moon, and I think everyone here wants the same thing as me, unless the trools of course
. Each investor will give his Blackcoin address to Iconic or Blackcoinpool, and They will stay with 200 BTC with his finger on the trigger, then when some wise guy put a 50BTC sell wall or 60BTC sell wall, bang!!!, bang !!!, he gonna buy and distributes the BC for investors on equally amount. We will thus protecting our investments against this dumpers, and Superbuy will bring more security to potential new investors, it could be a new gold rush. I am 100% in favor of the idea. Iconic you have my full support, I suggest that you create a poll to see how many people can accept this investment. DUDE Let us not get $ 1.00 - $ 10.00 with a turtle's pace, we have to be aggressive, fight fire with fire!!Sorry for my bad english
Excellent idea, why not start this with lower amount say .25 BTC per person, or however much someone wants to put toward it in .25 increments. All is you'd need is 50 BTC to be effective, but surely more would be better to have at disposal. But 50 BTC would be a big start to taking down these whales.
I know we need to do something !!! and faster, if we have 1,000 people with 0.1 BTC would be wonderful!!
Yup, I feel like this is at bare minimum, is just an investment for a future investment, like going to school to get a better job or something down the road.
And even the threat that there are these superbuys out there (with Black Shield as well) maybe whales would think twice throwing up 30 or 40 btc walls trying to create panic, knowing it can be snatched up in one swoop and that they might not be able to pull it fast enough.
Superbuy will create a demand for constant purchasing because no one will want to put very large sell walls, because if they put, we will demolish them, I believe this will be the new gold rush!! Superbuy Now !
Yup! Only those who truly want to sell will list their bc, because they will know it'll be bought, or get eaten into at the very least. So those who want to manipulate won't, knowing their wall will just be torn down. I suppose there will always be a way for the whales to keep trying to manipulate later, but this would at least slow the panic selling that accompanies newer sellers when they see a 50btc wall pop up really low or something.
+100
Funny, I posted almost this exact idea two times on this forum yesterday (https://bitcointalksearch.org/topic/m.6343109 , https://bitcointalksearch.org/topic/m.6345226) and there was absolutely no reaction to it.... I guess I'm not that influential hahahahah
Nevertheless, I'm glad that this idea is picked up because it will protect our investment + it's again something new!
We could indeed do both: donations by the community members here + the blackpool miners. The blackpool would maybe be easier to manage. Maybe miners could (actually 'should' -> it's better to make it a little bit more democratic) be given the option:
1) Pay-out the same day (as is now)
2) Invest in the Blackshield
3) Buy Whale-shares -> huge buy walls that actually eat up large sell orders and distribute BC among the miners.
4) Accumulate and buy at once, once a week.
Diversion over all options could be something too...
What is important, that we trust the one who controls this buy wall!
hope i can sleep tonight and not wakeup to another nightmare
There are no nightmares with BC, Just close the laptop, or do not refresh the tab while at work.
Its that simple, in one week perhaps we will be a little higher than you bought, In a month? You will be very happy!
hope i can sleep tonight and not wakeup to another nightmare
Perhaps the multipool should allow donations to both 'blackshield' and 'harpoon' funds.
+1
This is a brilliant way to automate it from the pool side. I'm keeping my biggest rig on BlackCoinPool regardless, but if there was an option to donate an extra percentage to either the Blackshield, Black Harpoon or both I would definitely do it. It'd be awesome if that percentage could be manually adjusted, so if, for example, the Black Harpoon was dwindling, I could set more towards it.
There could be a meter on the website for both of them that show the current size that they've grown to so far, and what's been utilized in interest of transparency.
Another great idea. I really want to see the BCPool start offering X11 though. I have a large farm mining X11 since temps are getting as hot as they are now... so I am forced into X11 even if it isn't as profitable as mining scrypt-based coins.
There are ways to make the super-buy easy to handle,
Gen1 could be a simple google doc, with locked fields and we all agree to put in .1 btc or something, and we input our Transaction ID proving we submitted.
Then the whole doc is locked, the 'whale hunt' commences and goes on until the BTC is exhausted. Then the total BC in the wallet is disbursed evenly.
Wash, rinse repeat.
Maybe do a high-roller, with 1BTC buy in, then another much smaller. OR even better use a website track and and let anyone send any amount they can. This would be ideal.
Gen1 could be a simple google doc, with locked fields and we all agree to put in .1 btc or something, and we input our Transaction ID proving we submitted.
Then the whole doc is locked, the 'whale hunt' commences and goes on until the BTC is exhausted. Then the total BC in the wallet is disbursed evenly.
Wash, rinse repeat.
Maybe do a high-roller, with 1BTC buy in, then another much smaller. OR even better use a website track and and let anyone send any amount they can. This would be ideal.
It's a fantastic idea, especially if it isn't known when the strike will happen. What foolish trader would risk flipping his/her coins to try to rebuy lower if those coins are being taken down and dispersed to longs? If it was announced in advance, potential walls would be pulled so the ideal situation would be a fund set aside to surprise buy. And before anyone says removing walls would be considered a victory, actually removing those coins from the traders capitalizing on the volatility would be the win. At the end of the day, there are only so many coins floating around. Without large walls in the way, anyone looking at purchasing a substantial amount of coins would inevitably end up driving the price up. Simple supply and demand.
The coolest thing about this system, and that for example:
Realise that has a sale wall 45000@50BTC if we take a good bite, about 10-15 BTC, the wall will disappear like magic, and if the sell wall keeps steady, the buyers will eat it until we see the bones whale. People need to lose their fear of buying into walls! If we do something like that we do not need spend all our ammunition in a single wall, we will give good bites and if the wall is false it will be removed.
Nothing there. All I see is 17 Sell Wall @ 42999
It's an example
Perhaps the multipool should allow donations to both 'blackshield' and 'harpoon' funds.
There are ways to make the super-buy easy to handle,
Gen1 could be a simple google doc, with locked fields and we all agree to put in .1 btc or something, and we input our Transaction ID proving we submitted.
Then the whole doc is locked, the 'whale hunt' commences and goes on until the BTC is exhausted. Then the total BC in the wallet is disbursed evenly.
Wash, rinse repeat.
Maybe do a high-roller, with 1BTC buy in, then another much smaller. OR even better use a website track and and let anyone send any amount they can. This would be ideal.
Gen1 could be a simple google doc, with locked fields and we all agree to put in .1 btc or something, and we input our Transaction ID proving we submitted.
Then the whole doc is locked, the 'whale hunt' commences and goes on until the BTC is exhausted. Then the total BC in the wallet is disbursed evenly.
Wash, rinse repeat.
Maybe do a high-roller, with 1BTC buy in, then another much smaller. OR even better use a website track and and let anyone send any amount they can. This would be ideal.
Jump to: