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zerosum

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Buying MoonFund from the BTS exchange. Good Idea?
« on: April 10, 2015, 07:04:16 PM »


There is a good supply of MoonFund for sale on the Bitshares Exchange itself. The price is not so bad 0.9096527 BTS/MoonFund or 1.10 return as opposed to the ~15% directly from the developers.

Pros:
-Good enough price;

-Increase the use of the exchange (good)

-Most importantly - one does not has to sell BTS for BTC (and so drive the price of BTS down); But I am not 100% certain about that. In the case that the seller has bought those MoonFund's IOU with BTC, it is 100% the case. Maybe he will keep the BTS received and even buy more IOUs with new BTC and thus help the BTS system.

Cons:
-The money does not go directly to the goal of 130K USD financed. (But  maybe indirectly they do, as in the case explained above?)


I am really uncertain. What are your thoughts?

Offline btswildpig

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Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #1 on: April 10, 2015, 07:14:03 PM »
it's bound to happen on the free market . no matter we approve or not .
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Offline xeroc

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Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #2 on: April 10, 2015, 07:18:55 PM »
it's bound to happen on the free market . no matter we approve or not .
reminds me of the TESTNOTE.3 tokens that have been sold for quite some money few weeks ago
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zerosum

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Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #3 on: April 10, 2015, 07:20:38 PM »
it's bound to happen on the free market . no matter we approve or not .
reminds me of the TESTNOTE.3 tokens that have been sold for quite some money few weeks ago

They seem to be the real Moonfund tokens though...

Offline xeroc

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Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #4 on: April 10, 2015, 07:41:43 PM »
Yes .. absolutely .. i was referring to "free market" :)
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Offline clayop

Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #5 on: April 10, 2015, 08:04:57 PM »
I'm selling my MOONFUND in the internal market with 0.5% fee (at 0.901093)
All funds is reinvested to MOONFUND through blocktrades.us, and fees also be reinvested to decrease the average price.
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Offline onceuponatime

Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #6 on: April 10, 2015, 08:08:25 PM »
I'm selling my MOONFUND in the internal market with 0.5% fee (at 0.901093)
All funds is reinvested to MOONFUND through blocktrades.us, and fees also be reinvested to decrease the average price.

But I don't think that brings new BTC into Moonstone purchases. I think it still creates downward pressure on BTS marketcap. Or am I wrong?
« Last Edit: April 10, 2015, 08:25:57 PM by onceuponatime »

Offline clayop

Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #7 on: April 10, 2015, 08:13:04 PM »
I'm selling my MOONFUND in the internal market with 0.5% fee (at 0.901093)
All funds is reinvested to MOONFUND through blocktrades.us, and fees also be reinvested to decrease the average price.

Bit I don't think that brings new BTC into Moonstone purchases. I think it still creates downward pressure on BTS marketcap. Or am I wrong?

You're right. Actually this means nothing but providing a little convenience. I think downward pressure is unavoidable. The better solution may be accepting BTS directly.
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Offline Pheonike

Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #8 on: April 10, 2015, 09:14:59 PM »
I don't get it. If ppl want to buy it, they should use btc or use meta/block to buy it. Buying it BTS adds sell pressure period. All selling moonfund on the internal market does is add sell pressure without adding any benefit to the goal of the crowdsale.

Offline onceuponatime

Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #9 on: April 10, 2015, 09:28:39 PM »
I don't get it. If ppl want to buy it, they should use btc or use meta/block to buy it. Buying it BTS adds sell pressure period. All selling moonfund on the internal market does is add sell pressure without adding any benefit to the goal of the crowdsale.

The problem is that many people who want to buy MOONFUNDS don't have BTC. They are all in BTS or bitASSETS.

Offline Pheonike

Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #10 on: April 10, 2015, 09:31:18 PM »
Then use metaexchange to convert to btc.

Offline bitsapphire

Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #11 on: April 10, 2015, 09:34:40 PM »
If you want Moonstone to be open sourced, contribute to the fundraiser.

If people are willing to buy directly via the internal exchange we could put 0.9 exchange rate MOONFUND tokens internally on sale. That way people with BTS could participate.

We would nonetheless have to exchange to BTC and then fiat though.
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Offline clayop

Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #12 on: April 10, 2015, 09:35:59 PM »
The problem is that many people who want to buy MOONFUNDS don't have BTC. They are all in BTS or bitASSETS.

^ THIS
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Offline onceuponatime

Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #13 on: April 10, 2015, 09:46:11 PM »
If you want Moonstone to be open sourced, contribute to the fundraiser.

If people are willing to buy directly via the internal exchange we could put 0.9 exchange rate MOONFUND tokens internally on sale. That way people with BTS could participate.

We would nonetheless have to exchange to BTC and then fiat though.

But couldn't you stretch out the timeframe during which you would need to convert to BTC/fiat well beyond the 30 day crowdfunder? Like several months? It doesn't seem that you would need all funds all at once. 

We have two goals:   1. Make the Moonstone crowdfunder successful
                                  2. Not to put excessive downward pressure on BTS marketcap

Offline clayop

Re: Buying MoonFund from the BTS exchange. Good Idea?
« Reply #14 on: April 10, 2015, 09:51:05 PM »
If you want Moonstone to be open sourced, contribute to the fundraiser.

If people are willing to buy directly via the internal exchange we could put 0.9 exchange rate MOONFUND tokens internally on sale. That way people with BTS could participate.

We would nonetheless have to exchange to BTC and then fiat though.

But couldn't you stretch out the timeframe during which you would need to convert to BTC/fiat well beyond the 30 day crowdfunder? Like several months? It doesn't seem that you would need all funds all at once. 

We have two goals:   1. Make the Moonstone crowdfunder successful
                                  2. Not to put excessive downward pressure on BTS marketcap

I totally agree with you. What about adding fundraising through BTS with the incentive of 1.10? The number is almost the same as what I got when I donated Moonstone via BTS->BTC->Moonstone path.
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