The benefit of keeping them is we basically have a whale backing us that doesn't need to necessarily make a profit and we don't have to worry about it dumping on us. Consider the unclaimed coins our own personal Wulong who won't fuck us over. We can do whatever we decide to do with that coin to build LONG TERM strength in the coin. We just have to figure out what to do with it that will maximize the benefit.
If we destroy it we get a % bump in value and we are just another coin on the exchange. I want more from this coin! I want to make millionaires out of every one of you. And if your already a millionaire I want to make you a billionaire.
LETS FIGURE OUT HOW TO MAKE THAT HAPPEN!
sorry for my lack of understanding. I still dont get the situation.
What do you mean "The benefit of keeping them is we basically have a whale backing us that doesn't need to necessarily make a profit"?
For instance:
We do an IPO with the unclaimed diem that leaves us with lets say 25 BTC in the bank. One thing we could do is is use to put up a buy wall to absorb large dumps and stabilize the price.
market manipulation with walls will not help long term.
what you need to do is creating demand for DIEM, so that price goes up sustainably.
doing an IPO will actually create more downward pressure since it increases the number of open market coins
I agree. Creating demand for the coin is key. The wall is by no means ground breaking or revolutionary since BC announced it with their BlackShield and more coins are copying them. Just one idea of a hopefully multi layered approach. I'm going to put my ideas down on paper this week and prob post it next weekend. In the mean time I want to hear your thoughts and ideas. How are we going to create demand for DIEM? Obviously the end game will be merchant services and Coinbase like DIEM/Fiat exchanges but we need to grow before we get to that point. We need to build our community base and our name recognition. Think BIG!
Imagine we have $25,000 at our disposal. We don't want to blow it all in one shot, I think it would be best to create a system which would allow that fund to grow while we also put profits to use growing our Coin.
to create demand you will first need a UNIQUE SELLING PROPOSITIOn.
Try to answer the questions:
1. What is unqiue to DIEM?
2. Who should someone bother to get into it?
3. What is the benefit to purchase DIEM coins vs. other cryptocoins? = why is DIEM coin better than others?
if you have answers to this, you can start communicating this message
