Hi , I have a suggestion for the community to discuss , you have probably heard of the sync assets programm and how they hold some altcoins which they will sell at some point and give the profit to the holders in the profit sharing programm
http://syncfund.com/assets.htmlMy idea is to start a fund holding altcoins for bitstar as well , the fund would get started by community donations and it would always be clear how many and which coins are being held , the profits would directly be put into the bitstart programm to fund further development of the coin.
To give an incentive to the person handling the trading part to do their best this person could receive ?5%? of the weekly earnings.
I myself am pretty good at finding high quality coins because I check the ann thread daily and have seen every single coin release in the last 3 months , also I keep up to date with the threads of about 10 different coins and always check my Twitter for potentialy exploding coins.
When deversifying I never had a week of trading were I made a deficit compared to the last week ... until my email account got hacked and all my coins were stolen and I had to restart with the little amount of btc I got from doing translations and joining giveaways , now I went all in with bits btw.
There could also be a "bankfunction" where one pays in x btc and can claim them back anytime +?50%? of the profits.
The Problem with this idea is that there is no assurance for the community that the person assigned to handle this fund wont just run off with the coins if the dev just holds all the funds they cant quickly be sold off if a coin suddendly decides to crash , if you like the idea we would need to find a: maybe a good daytrader as I have not mastered the art of finding good entries and exits or playing the waves b: a possibility to make sure the trader doesnt steal the coins while also allowing him to make quick trades.
I already contacted the dev about this and he generally likes the idea , however he is currently unable to code a system for that because there are tons of important things on his to do list right now.
If you have any ideas or suggestions on how we could maybe make this work feel free to post them , it would realy be a good thing because the more funds we have the better things we will be able to crowdfund.
If I were to set up a portifolio right now I would put in : Storjcoin , Checkcoin , Pinkcoin , Viacoin , Nxxtycoin , Saffroncoin , Synccoin , maybe Xennet and VPN if they give some information on when they actually launch etc , I would add Greenbacks and Bitcoindark once they went down a bit
By realy spreading out your portifolio like that the overall btc holdings would not just explode at one point but there would be a continual rise because all of those coins will very likely have a big succes at some point.
Btw if you have time also write emails to big exchanges and ask them to add us , write on the casheer forum and also start looking for developers who would like to be crowdfunded , as I have understood it the bitstarsystem is basically ready to be used.
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