The idea of giving 100Kb to the first 100million people could be an unbelievable leg up to BB and other crytpos....if we can make 100Kb worth enough to incentivise people. That would be an accomplishment the team could actually say they changed the world for the better.
So in one of those ways that being selfish helps others as a side effect, I hope the price continues to do very very well.
Yes, I think that is exactly the goal..
Start-up credits for new customers are a first-rate and proven marketing concept (often tested at banks and in the mobile phone business).
This is incredibly effective to stimulate people to activity (almost as good as interest rates
It makes much sense as turbo for the real world transition.
step 1: The unique distribution method blows the byteball seed into the whole world (We are working on this).
step 2: The 1% / 100m giveaway is the rain for the seed to rise.
If this scale is successful, the marketing is self-reinforcing..
It's simple, but damn clever.
When (reasonably) to start?
The value of the start credit can be calculated:
market capitalization * 1%/100,000,000 -> 45,500,000 *0.01/1E8 = 0.0045 Dollar
No one will be enthusiastic about this small benefit. (At the same time, however, this give away makes a lot of work..)
Even with compound interest rates, this will not be attractive (0.0045*1.1^13=0.015 Dollar). Besides, Tony certainly has no time. For limited resources, tony must have clear priorities.
I Think: When you should / can start with this scale depends on the target group.
As target group I would see children, youngsters and potential users from the second and third World (small amounts have a sufficient value there).
Moreover, the structures are hardened in the rich industrialized countries..
Rich old people are very comfortable / lazy and conservative - this can not be the (primary) target group.
The starting balance should be between 0.1 and 1 dollars (to be attractive for the target group). So, I think 0.1 Dollar *1E8/0.01 = 1E9 Dollar market capitalization is needed to start this scale.
Of course you can start now, but I think the system needs a certain pressure and this pressure is only available from 1E9 onwards
