Instantly raise the price of USDe by going to coinmarket.io then:
1. Buy everything
2. Several people list it at or around 0.000015
3. A group of people on Skype start buying and selling at that price to create a market history, then steadily raise it.
4. Instant hype
5. Instant attention
6. Sudden sell orders, sudden buy orders.
7. Price raised
If we were to do this, we need to do it sooner rather than later. I don't know of any auto-profit pools that have USDe as part of the auto-switch so if we did it quickly, no pools would instantly skyrocket the nethash, but it would put us on the map. Hell...it would consume the map.
I think it is contrary to the philosophy of USDE (decentralized currency) for that purchase XRP.
Even though it was my idea, it was just an idea and I agree with you. I'd rather calmly mine right now and watch USDe grow in value steadily. I was just imagining a world where the bar was set higher so quickly that nobody could react quick enough to hop on the USDe train for a quick buck. We'd all just hold onto our coins like we are and do our standard trading here and there.
If done correctly, all it would do is raise the price and give us attention. The only real drawback would be if everyone suddenly dumped.
The goal of this wouldn't be to dump and make money, it would just make USDe 10x more valuable to those that already have it, and happen too quickly for pumper/dumpers to take advantage of it.
I am a conservative person and I prefer the concept of Satoshi Nakamoto. The idea is bigger than the creator or owner. To manipulate the market ends in their destruction.
@SMDashie, the price is being manipulated already by a person (or it seems like theres few still competing with eachother). While this price increase will create a lot of hype for now, I think it has the possibility to hurt the coin in the long run. If the price fails to stay raised and takes a dive back to the organic level, new users (and especially the ones that got in while the price was high) will have low confidence of the coins market/reputation.
So I'd say its best to let the value be set by its users according to the daily confidence
The pumper/dumper problem in mi opinion should be handled with different means, which already was mentioned here: mining difficulty adjustments.
@keonos, hehe indeed
When the community is built with fair and honest people, the bad boys will often destroy themselves
Already have almost doubled mi wallet balance by following the obvious manipulation trades