General brain storming. May 22, 2014 12:20:33 GMT
Post by Admin on May 22, 2014 12:20:33 GMT
As we all know Net's value has been going down for some reason. The current BTC value is only 0.00000196 I thought the 300's was the low for Net. At this rate we need something to happen or we will be mining and holding nothing.
As I stated above, I would need 132,060 Net for a painting (as an example). How many people would spend that much Net on an item?
Who knows how long it would take before you saw profit, I mean you would have some control over it as you can just lower the amount of NET needed for an item and thus make them worth more and more attractive to buy, raising the price. Why would you pay more when you can pay less? This would make the coins you took earlier on for a loss worth more and therefore you would be in profit, but the system relies on the price constantly going up...
I wouldn't worry about the price going down to be honest, we've been 10 times lower than this in the past, we have to bare that in mind.
I'm considering making a stake coin, what do you guys think of that?
Obviously I still hold a decent amount which would make decent stake, which means we could do more giveaways and promotions and it could even given us the boost we need! People may want to buy just to earn the stake. What do you guys think of that. I reckon it could be done pretty quickly too.