Topic: [idea] A federal reserve system for bitcoin - page 3. (Read 1717 times)

This thread not about profitability of trading. Of course I have more bitcoins (and altcoins also) as I funded for this reason.
Everybody can decided to join or not. The size of the reserve is also freely selectable.

I think this strategy long time profitable enough. At heavily grow or free fall of prices there are always reserves behind members. It can be very profitable also.

The app can show - how many active (and inactive) member and fiat behind, and can act as an information about the bitcoin market.

With such rapid growth of bitcoin as we are seeing now probably there are few people willing to freeze their euros or dollars. Yes, of course you can play it safe in case of falling of bitcoin prices, but this trend is not observed and more profitable to invest in bitcoin 100% of our Euro.

Objective of this idea is - to have and show a community with reserves and strategy, if the bitcoin price falls (or grows).


Yes - it is true. We (the community) can earn with this system also.


Yes, it is true also - and the fund in fiat (reserved if bitcoin price falls) grows. I think it is good also.

What is the objective of this federal reserve?
The value of your total funds will go up in a volatile environment, when there are wild swings in either direction of the price you invested in.
Otherwise, the fund will just keep selling bitcoins in an uptrend.

I choosed for my reserve xapo and EUR. But you can choose other exchange or payment system, i.e. poloniex with USDT, or KRAKEN with USD. So will be decentralised and distributed.

The system is great but just like what you said Xapo is not up for the job. Xapo have their own design and system in which they will not be overruled by some modification not coming from within. But as a tip why dont you submit your proposal to xapo and if they will work hand -in-hand with you many will join and will have the confidence to be a part of your plan.

Interesting idea. However, this will make xapo to become the gate keeper and I am not sure if they are good enough to take up this role...

I started a fund for bitcoin today - a seed for a federal reserve system of the bitcoin

The idea is simple:

I hold 50% - 50% bitcoin and EUR on my xapo account. If the difference between two proportion reaches 10% - I made a transaction to balance it. It is easy with xapo.

If you will join - just create a fund on an exchange or an debit card application, u.s.w. - just as you will. You can deposit, maybe exchange some fiat (EUR, USD, ...) as you wish to this account.
Target is to make this funds balanced: 50% fiat (or gold, or silver) - 50% bitcoins.

If the difference between two proportion reaches 10% (or as you wish, but maximal 10%) then please act - make a transaction.

What is needed more?

A big, distributed and active community - of course.

And an app with charts for our community:

The app should be simple. It should have two fields to store the actual BTC and the actual fiat (or gold, or silver) values (two funds of the users). It should automatically follow the bitcoin price. If the two funds unbalanced more as 10% the app should notify the user somehow to take an action.

The charts should be simple also.

The charts should show the communicated values:
 - btc stored by app users (active and inactive also; inactive an user is, if the user takes no action (don't changed the fields) after a notify (timeout i.e. 1 hour))
 - btc value in usd.
 - fiats (or gold, or silver) and its values.
 - fiat (or gold, or silver) values summarized in usd.
 
If exists an app able to act as above - please post it...
If exists similar community already - I am willing to join...