Create a bitcoin wallet that auto washes with XMR on every purchase through Polo API. Send small fee to DEV account for every transaction.
that would mean that all dirty btc transactions would go through my hands.
i dont know how polo reacts if they see "dirty coins". one of the reasons i like monero so much is that i dont need to think about taint.
but: if there is anybody with enough btc/xmr who doesnt care if his bitcoins are tainted i can certainly develop it.
what i like is that this would also help monero devs (i'd split the fees 50/50 in this case)
No, what that would mean is a bitcoin wallet that is setup for it's own account (better secure it: although it should not contain much at any one time anyway) on polo that will auto buy xmr and then sell that xmr and then send the bought BTC. The Fee structure is your own thing.
Those using this wallet do not even have to know what XMR is. I recommend a fee added for the DEV fund for obvious reasons and you can take a cut as well as polo getting their cut by the sell/buy transaction. If you make enough dough feel free to toss me some.
What is the point of this?
I do not quite get what does Monero benefit for such activity... Monero needs demand, not pumping and dumping on exchange back and forth.
Demand for Monero comes only and only from the fact that Monero offers everybody something.
For gamer it already offers Risto's game, but now it is only thing Monero has and for most people it doesn't offer anything currenntly.
There need to be incentives to buy and
HODL the coin.
Hodling Moneros is the only thing it will ever reach any serious value. Bitcoin's success is based on the fact that it is not spent mostly but holded. Only a fraction of bitcoins are "on the move" and vast majority is in cold storages waiting for higher prices.
Let's create incentives for holding the coin and then it is pretty much it. There is no limit how high the price can go if people have reason to hold the coins.
One reason could be saving and investing like I suggested. I am sure there are plenty of more but that saving and investing is something that might open floodgates for Monero.
