At $25.000 market cap, 5% would be only $1250. And there is no buy support to absorb even that, so the new dev couldn't just dump the coins. A new dev would be automatically committed to bet on the market to recover from where we are now.
With all due respect, I disagree.
1) I beleive any dev interested in HoboNickels should buy into the coin first to show commitment to an already well-developed coin. As you have pointed out, it is cheap enough to buy at this moment in time;
2) To give the new dev (or Tranz) 5% of the market cap i.e. 1,500,000 HBN would give the dev a massive power to mint an obscene amount;
3) To stake and mint 1,500,000 coins in a large number of blocks would raise the difficulty in favour of the dev and push the rest of us out;
4) The minting interest on 1,500,000 HBN unloaded every 10 days would depress the market if 'dumped' on a continual basis;
5) The power given to one hand to potentially be able to dump 1,500,000 HBN in a short period of time is something that I don't want hanging over my head - once bitten twice shy. Someone dumped a large amount of HBN in the last few months for HoboNickels to be where it is now;
5) We all already contribute to HoboNickels whether it be through our contributions to this column, or maintaining the network by staking with our computers - we need to recognise that valuable input. We have a strong community that any dev worth his salt should be happy to have behind him in support.
As far as increasing the 250 HBN threshold, I disagree with that too. To increase it tenfold, as has been suggested, could compromise one of HoboNickel's claims to fame - a low coin supply which aids value (supply and demand). In my opinion Tranz has steered HoboNickels in the right direction. I don't think we need to change anything too much. I believe there is good cause to believe that the price of HoboNickels will increase soon enough given a modicum of care and attention.
