Yeah right, and who would those pools sell it to? At prices higher than of a free market. Say, they put the price at 1btc. What then?
U people miss the experience of living in soviet union. These kind of plans dont work.
U people miss the experience of living in soviet union. These kind of plans dont work.
Market manipulation or cartels have nothing to do with predetermined production in Soviet union mate. More likely this can be mocked as an attempt to make a "central bank" for zcash. To be honest, mildly controlling the price of a currency is what central banks do. If you meant "you people" by Finnish people, we are nowadays basically anti communism as a whole.
If you actually read my last post, you would see that what i meant was to manipulate the zcash price so the coin dumping wouldn´t have such a detrimental effect on the prices. Therefore the prices could be better adjusted to the current demand (through centralized selling=pool collaboration). As i originally posted, there is a risk that if the price is too high, people wont buy it and if it was the 100 dollars each i originally hypothesized, we would still need to make the majority of the network to collaborate with this plan. To control the risks i threw out ideas of pool collaboration and an idea to adjust the price to the point people would actually buy it (read "leftover demand", which of whom may or may not buy zcash even if they can´t get it for 50 dollars each). This is also 100% theoretical speculation as you may have noticed.
Though i´m not sure if you are trolling with that "socialist - card"
To control the price u need one of two, absence of free market so only controlled partys that agree on some price can trade. Or control over supply so decreasing it the price will rise by itself.
One way or another, u will decrease volume but problem is, zec supply is constant. What u gonna do about that?
"socialist card" is about planned economics, u plan supply and u plan price and u never hit the target of demand. U either have overproduction or deficit. And with "controlled" price of ZEC u have over production that u cant sell unless the price will go down.
I never stated that full control of the price can be achieved. It only can be manipulated to the point people still are willing to buy it. Who is allowed to trade or who is not allowed cannot be controlled by any measure these days. Can you share a quote where i stated that? I made a scenario where the price of the currency could be manipulated on the free market. You seriously haven´t heard of what European Unions central bank has been doing for this entire decade? They manipulate the price of the Euro as some may have noticed. As i also stated we would need majority of the network (hashrate) so more than half of the constant supply is still under our control.
Planned economics in soviet union meant that the price of the ruble was not only manipulated but it was fully controlled buy the state no matter the supply or demand. In Europe the price of the Euro is manipulated through a central bank but even them cannot fully decide what it´s price should be . Most of the Europeans still call it a free market. This scenario was an image of the latter.
Ok, u get most of hashers onboard and u start manipulating price... at the same time u promise to pay all miners that higher price. Unless u have some big buffer of btc (that will dry out), how on earth will u do both things at the same time? So we get to the first question, who will u sell it to?
Miners get a higher price when the biggest pools sell the mined zcash centralized in the normal marketplaces where they try to manipulate to current price.
There are some same ideas like in the nicehash -system, where you get a share from your hashing power proportionately but you are not necessarily compensated with the coins you were currently mining. The pool will sell the "randomcoins" for you and compensate you with bitcoins. No news here. Though in this scenario we only mine zcash and you are compensated through fiat currencies, for example. That would somewhat reduce the effect of what coin dumping currently has on zcash´s price and maybe give a better share for miners.
So u need to spend assets to drive price higher. Yea, that works but who will pay for that? Pool just gives that away? For that u dont need to control hashrate, u just buy as much zec as it takes to drive price to desired rate. And thats dead bagfull cause selling it will drive price back down.
I'll take ur word that u are absolute noob
also if you calculate the amount claymore made on his devfee zec account (the one posted here earlier) - it's 2.5% of the 10% of the total zec in circulation .. also it could be not the only one...