Topic: [ANN] QIBUCK COIN - X13 - POS/POBH - 1st Proof of Baghold - page 97. (Read 379378 times)

This was an Executive decision taken by the whole QBK Team to make a better long term coin for Everyone. There was too much manipulating and dumping of the coin that wasn't the intention of this coin at all. Naturally it will be traded on the exchanges but we realized that for the efforts our Team is putting in to create and generate bagholder revenues AND trying to grow the assets of the coin wasn't being appreciated by such short term holding. This coin needs supporters who hold the same vision as us, to create a long term and profitable income stream for all holders. Yes there is a little room for day traders but to be honest there are a plethora of coins to just day trade on, our coin primarily has a purpose for more solid long term asset holding. Thank you for your support.  

PLEASE NOTE THAT THE 25 FOUNDERS still will receive their extra gift every 90 days as promised from the offset that doesn't change. This should happen next month. 

Just to clarify my stance. I agree with the decision that has been made, to require coins to be held in wallets longer than the previous 8-10 snapshot/payout period. I have always felt that way. My wallet balance has never gone below my original ICO purchase, although I've traded with coins I purchased after.

If the founders voted on this, then whatever the outcome is fine, I'll go with it. However if a decision of this magnitude wasn't voted on, then I'm curious of the point of being a founder is.

Was this voted by the founders, or is this an executive decision?

   I agree with everybody above.  I think we're becoming ABC3.  The monthly payout is what made QBK different.  3 months is a long time. 

   I can also see that making it every 3 months has it's advantages.  Less time consuming on the team, and more time to compound the investments.  It also will help to average out the earnings and absorb any extreme increases or decreases.  Company's payout quarterly dividends.   I feel that as long as the QBK team concentrates on increasing and protecting our assets the coin will grow over the long run.  They should not be doing things to just increase the price of QBK.  I already wortk for a company like that, it's not fun.... 

   So, I think we need actual dates to go along with the latest announcement.  When does/did the quarter start?  Will there be a payout November 10th?  What are the dates of the quarters?  If your trying to aline the quarters with specific start dates, (IE Jan 1st, or Dec 1st.  Or even Nov 1st).  How will you handle the gap time?  Like if your going to Say the quarter starts Nov 1st.  Will there be a mini dividend then to cover 10/10 - 10/31?   Or did/does the quarter run from 10/10 - 1/10?  And so it will only cover those who held coins from the 10th of October?  Your going to have unhappy people no matter how to do this.  You just have to find a fair solution for all involved. 

   Personally I've been holding since 8/11, and I'm not really a big day trader, so it doesn't really effect me that much. 

   

           

I like the new terms but I do feel that it should still be monthly.  I think protecting market value and stability, has to be balanced with flexibility for the end user as well.  

A 3 month term I think will unnecessarily stagnate the market.  Allowing people to be able to come and go on a monthly basis will help maintain viability to attract newcomers and keep markets flexible.  There are not many people who will want to buy QBK knowing they have to wait 3 months for a payment.  On top of that there are people who accumulate over time due to trading or investing at intervals that slowly build their bags and would not like such a long wait for returns.  

3 month terms may hurt the goals you are hoping for long term in the following ways:

Investment interest from new people will waiver
People may exit not wanting to wait so long for bonuses
Potential short term increase in price, but long term decline as few people invest while less patient/otherwise obligated people sell(lowering the price because of fewer buyers)
Volume on markets will sink drastically potentially courting delisting due to no/low volumes

Monthly accounting does require a little extra work, but the benefits to end users are I think worth it.  Also, people will personally want to be able to evaluate the performance of their investment monthly to ensure it is garnering returns they find acceptable.  In 3 month periods people start to get antsy in crypto, and that in itself may cause a certain amount of selloff.

Please reconsider going back to monthly.