Not the sell orders. They can't post those because:
A) It will anger too many people who bought at those inflated prices.
And
B) It would become too obvious the goal here is to grow that 1% premine to a massive 25% premine [at the cost of everyone here].
The good news?
This is well thought out and with such a huge premine (post trades) one can really get a coin to a much higher level. $1 should be very cheap I think and $10 is possible.
But meanwhile, the volatility, which allows for the NSF to do its job of accumulating massive amounts of NAUT, will continue which means a lot more booms and busts.
If you're smart you can roll with the herd and do very well. If you trade on emotions then you'll lose it all and miss the final run which I think will be massive.
A) It will anger too many people who bought at those inflated prices.
And
B) It would become too obvious the goal here is to grow that 1% premine to a massive 25% premine [at the cost of everyone here].
The good news?
This is well thought out and with such a huge premine (post trades) one can really get a coin to a much higher level. $1 should be very cheap I think and $10 is possible.
But meanwhile, the volatility, which allows for the NSF to do its job of accumulating massive amounts of NAUT, will continue which means a lot more booms and busts.
If you're smart you can roll with the herd and do very well. If you trade on emotions then you'll lose it all and miss the final run which I think will be massive.
+1 well put..a pre-mined stabilization fund is just a slush fund for someone to trade the coin and accumulate without the exposure of having to have bought them in the first place.
it will be interesting to see how this pans out and whether or not this is classed as insider trading.
if a company exec did this with his companies own shares it sure would be insider trading and so all trades would have to be reported to the SEC to be on the public record.
but when the federal reserve does it with the USD... it is not, even though the FED is a private organisation....
I guess we just have to wait and see.
I am failing to see how this would be insider trading. Its one thing if your trading something that you can control the price of, by fudging your books, but crypto is open source so all the capital info is right on the blockchain. So to me, i don't understand how it would be insider trading.
You could make the argument that someone may know when a new feature is coming out or some big news, but again since its open source anyone could do that with the coin, wether your the dev or not.
I think the twinkies said it best when they said "BTC (or any crypto) encourages us to be more open in our financial dealings".
Just my 2 cents
PS the max chart on mint looks like its floating on air, im stoked!
time for alts to play catch up
