Bitcoin Forum

300.. with the current rates of 0.0007 for Sr Member and 0.0008 for Hero it makes no sense, we almost back to the hold price.. They were quick to cut, lets see how much time the take to raise.

To think that the price may go less than $300 I think the price should be back to it's original rates again. Tho with the insane votaloty of bitcoin at the moment I also think that it is advisable to have a fixed rate in $$$ to keep it fair for the campaigner and the participants.

This will probably be done but I think others are waiting to see how M.D campaign does first as they were the ones who is trying this new format out.

yes i'm agree with you since bitcoin price back again to $310 i think the pay rates should be back with the previous rates

Or even raise them to early 2014 rates since it looks like BTC value just keeps dropping every hour.
If it is $214 by morning I think all campaigners are going to ask all their managers to do this.

I do agree with this proposal too but it seems the rates are not yet in a stable margin so it might either go further down or bounce a bit back so perhaps the one's who run campaigns are waiting before re-adjusting the rates so jacee's suggestion would be the better option instead though need a little bit more work for them upon sending the fee's as they need to convert the equal value to BTC

They should peg the values to fiat if they're worried about fluctuations otherwise they're just going to be going backwards and forwards. Most won't raise the rates if the rice plummets to a new low either so it'd be good to know what you're actually getting

What rate are you talking about?? Is about signature campaign?? If true, you need to change your title.

Well if about rate signature campaign, i hope signature campaign manager pay in $ value with bitcoin. So no matter what fluctuation bitcoin price payment will be still same.

Campaign rates go down quickly and up slowly. Participants have to accept that. I do not like the idea of pegging rates to usd because this undermines bitcoin as a separate "currency".

I wish I could buy some rice at a new low H@C I can measure by the grain(Koku) ;D (Sorry sometimes it is fun to pick on typos and (Japanese history)

That said your correct about signature campaigns not really changing rates based on Bitcoin prices except downwards, it has been in the 200-300 range for months but pay per post hasn't really moved up, a fixed fiat rate does seem useful though but I think for vanity and Bitcoin's new users, keeping a btc equivalent rate is the way to go as people do like to remain aware they are earning Bitcoins not fiat, even if it is converted to BTC at the end.

They won't raise rates.

The only thing that would motivate them to raise rates is if we stopped posting, a strike.

Recently bitcoin value is unpredictable so most sig campaign owner must be confuse whenever they want to change the rate or not.
But if bitcoin's value is stable enough for a few week, I think the rate will be back to the old rates.

This is bullshit. With this attitude you will always be someone's else bitch. What you do is push them to raise rates, and they will forced to do it or else they will not get any advertisement. With your attitude the guys in Coinut would have never gotten paid in the former rate (the manager tried to change the rate in the middle of the term) people started complaining and they pushed them to pay at the original rate.

With this is the same, you push, if they don't raise, you leave the campaign. The current cut is totally unreasonable. At this rate they will pay less and less everytime there is a crash.

Riot of the campaigners? Now that wont be pretty.

Some campaigns just wanted an excuse to lower their pay rate and generate less complains, like magical dice, that calculated their USD rates considering the old BTC rates and the USD/BTC price as $200, less than the lowest BTC value since their campaign has launched.

If it is a problem you may stay with the campaigns that pay the same BTC rate no matter the price, there are a few around

I also think same. The ongoing volatility on price seems to continue for few more months. What magicaldice has done recently can be example for other campaign managers also to be in safe side and also for the participants.

This will show you what is happening with Magical Dice now with their change in usd rates:
http://bitcointalk.org/index.php?topic=1241718

Looks like a mess but they say they can pay, so just follow that thread to see if it will actually works to do that transition in payment rate from btc to usd.

They offer their rates, you don't like their rates you have the choice of leaving the campaign. If their rates is indeed too low, no one will join their campaign. Then owner will have to increase rates. While they still have participants in the campaign, they have no incentive to increase rates.

It does undermine like you have said but this is the only long-term and viable solution. Yes it's the pain in the ass to switch all the time when Bitcoin drops or rises $50. Campaign managers don't have this much time and we need to understand this.

I don't see anything of a big deal to peg it to the usd and just pay out the BTCs. It saves managers a lot of trouble and it also makes participants pockets a bit fuller.