My Plee to NOT destroy a golden opportunityEvery coin that is worth a damn in this crazy crypto world is in some way an experiment to see what works and what doesn't. Each experiment leading to the next and strengthening the community as a whole. This is why I think destroying the unclaimed DIEM would be a huge dis service to the crypto world. With the BTC generated from the unclaimed DIEM we could run a grand experiment. We have an opportunity here that no other coin has had or at least has never taken advantage of. I feel that destroying the unclaimed coins would be short sighted. We would get a quick bump in price but after that we are just another symbol on the exchange and nothing else we really don't have any unique or defining elements to our coin itself. This coins is about ideas and taking action in the name of Carpe Diem.
I want to implement multiple ideas all at once. Two to go into action right away and one for a few months down the road. None of which are new ideas but put together it would be a first of it's kind. I'm going to keep the number of unclaimed from the public till the deadline is up but it's a hefty number of coins which could generate a large amount of BTC.
I want to put up a buy wall to guard against large dumps like we have had a couple of in the past few days. I want to start a hedge fund to grow the BTC fund that we have backing our coin. Lastly I want to in the future do coin rehab. I also have a very realistic and innovative idea for public adoption that I'm not going to make public because it will get stolen.
First thing is first. How do we convert the DIEM to BTC without dumping on the markets? Easy! We do an IPO with the coins. Depending on our final number I don't think it will be necessary or smart to IPO all the unclaimed all at once. Maybe start with half keeping a nice chunk of the coins off the market and in un-wavering hands while we continue to grow in value.
First, the buy wall will be there to stabilize the price when people decide to dump. At first I thought about putting up a wall on both sides to truly stabilize the price from irresponsible pumps as well as dumps to have full stabilization but that would stunt growth. This is already being implemented by a few coins. Foremost Blackcoin with it's "Black Shield" (
http://www.coinssource.com/black-shield-blackcoins-answer-whales/). The wall will remain fluid and not evident to avoid people trying to game the wall. It will “appear” when it is needed and remain hidden otherwise. The key difference between us and black shield will be that we don’t rely on donations to fund it. We have the funding from the unclaimed coins.
Next would be the hedge fund. This is something that I'm sure many of you will consider risky because it does take our coins fund and put in the hands of people to do what they will with it. I want to assure you that I'm going to take every precaution to make sure our funds are safe. We will assemble a team of proven investors and let them go multiply our fund. Speed is essential on some trading so they will have free power to invest in whatever they decide is a good choice for our community as long as it doesn't leave the market. Arbitrage will be taken out of the picture in order to insure peace of mind in DIEM holders. In order for the team to make a withdraw we will set up a process with Busoni of Poloniex himself who will manually confirm withdraws from the account so at the very least there will be no way for them to pull the funds off the account without multiple lines of security. This will make withdraws take more time to complete and is the reason arbitrage will not be a factor. Trades made will normally be somewhat longer holding positions in quality undervalued coins with huge growth potential. Were looking for ethical trading not solo pump and dumps. This is already being done with NautilusCoin (
https://bitcointalk.org/index.php?topic=591114.0)
Lastly I want to do some kind of coin rehab for left for dead coins that have potential after doing great deals of research to pick the right coins. During this process with DIEM we've been through we have made many connections and are building relationships with key players in the crypto world. People who can help us rehab coins. My idea consists of this: Find the right coin with extended research and looking at every angle. We don't take requests, we find you! Once we have our coin selected we buy a large steak in the coin at dirt cheap prices since if the coin is still listed there will be a massive pile of sell orders that no one will buy. Next we go into rehab mode. Get any code based issues fixed, get the coin on exchanges, get it all the frills coins need these days and build a community to follow it. This is not a short venture! This will be a few months with each coin. The last thing we want to do is leave the coin with no one to steer the ship and were not looking to be perm devs. So we will be there while the community grows and becomes self sustaining. Once that happens we can IPO a portion or all of the stake we have in the coin and take our profit to put back into supporting DIEM. We want to execute this plan with great care and ethics. We want a profit but we also don't want to hurt a fellow coin. A similar idea is being looked at by NobleCoin and a couple of other groups. Mainly as a charity cases. Were looking for profits which we can then use to take DIEM to the next level.
For adoption by the masses I can't disclose that yet. It's a long term goal because it will take a good amount of funding to be raised before we can do it but I'll give you a hint. It's similar in ways to how Facebook got started, going after the right crowd in condensed populations and takes full advantage of our name being universally recognized.
Please Please PLEASE! Do not vote to destroy. Were sitting on a golden opportunity and we need to Seize The Day!!!
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