Okay lets clear things up a little. Clearly you missed some of my posts about buyback.
I already bought back CraigsCoins for more than 6 BTCs. If you feel that this is not enough, please tell me how much do you feel reasonable, and why?
Yes I do feel that this is not enough. How much is enough, i'm not sure. But it needs to be enough for you to keep working on this. Otherwise what incentive do you have to hang around. And it will also show other investors that you are willing to invest in your own coin. You raised over 430 btc and only spending 6 btc of that on getting your own coin shows a lack of faith in its future.
I would like craigscoin to succeed but under its current structure it would be too easy for you to just walk away after the inevitable pump.
And what about the roadmap ahead are you seriously going to spend some of that btc on developing the coin when you have such a little investment in it.
So if the community here is happy about that then no problems, I wont bring it up again, but I will getting out as soon as we get back to ico prices, if we do.
430 BTC aint what it used to be...
Committing X amount of BTC now from a fixed supply for artificial, short-term price-boosting to benefit people like you who want to exit (please do) pulls X amount of BTC away from funds for development that could benefit EVERYONE over the long-term.
Pavel has to think ahead and make sure this fund lasts for extended work that could go well beyond refining the craiglist-ad type functionality to other decentralised record-keeping possibilities that others have mentioned here (including a decentralised tweeting, a decentralised Wikileaks, etc. that cant be shut down). I dont know how much of this Pavel has in mind, but there's an argument for him to keep options open.
Spending more BTC now for short-term price-manipulation gimmicks will reduce his flexibility and options for development later.
It's possible here for people to respectfully disagree. But kow-towing to your demands under pressure sets a horrible precedent for how this coin would be managed in the future. Even though I thought there was an argument for sending a signal to the markets of a vote of confidence, I will take it as a bad sign if you yield to rustynailer under these circumstances. It will invite more short-term pressure from others and more short-term thinking that creates long-term problems.
So hold firm, Pavel. Stay focused on development and long-term plans. Weak hands like rustynailer will eventually make their exits and the market will eventually catch up to the potential of this coin.
:D price will increase soon for sure
