i should we want a lockup?
i want them to trade on our exchange. in my opinion it is not a good idea.
we need active user.
Holding BTS at this time is all most people can do until the bond markets are built to make them more active. Otherwise people with millions of BTS can only dump and move onto exchanges where there is more opportunity because of the opportunity cost. Holding is basically what they should be doing in a bond market but since there isn't one we can substitute with Brownies and have UIAs. Also in this case it's a reputation economy, so it's not about speculation but about proving you have faith in the project which does have some value. The fact that you'd be willing to lock up 1 million BTS means you risk whatever those BTS are worth in opportunity costs, which now you cannot dump to invest in Ethereum or some new project because they are locked.
Without a Bond Market or something to do with large amounts of BTS then why would anyone hold? So we have to encourage holding until a proper bond market and prediction markets can be set up.
What are we trying to do? to artificially pump the bts price?(I don't think it will work) or to destroy brownies? Brownies can be created out of thin air but proposing to create 5x more for something like this, is madness imo.
We need mass adoption or we die, it's as simple as that. "Tricks" are not going to save us.
Hard to encourage mass adoption when you cannot hire developers. A higher price means it's more sustainable to hire developers to build features like the bond markets, prediction markets, margin trading, and other features which could bring the mass adoption you want.
Mass adoption is expensive and without a rising price how do we pay for it? We have a chicken and egg problem where you can't attract liquidity without certain features, and those features become more difficult to build as the price of BTS falls because those features are currently funded by dilution of BTS.
In Bitcoin people are encouraged to put BTC in cold storage. Early adopters aren't dumping all their BTC to buy mining rigs anymore. People seem to believe BTC will someday be $1000 again or $10,000. Without that faith and belief people would not be leaving altcoins with better technology to go into BTC. Would BTC have a market cap in the billions if not for faith in the future potential?
How do we restore faith in BTS? How do we reward the people who have faith? It's not a trick, it's what you do. When people who don't care about the future of the project have most of the shares then you get a very low price as they pump and dump. As for Brownies, if you believe Brownies are more important than BTS then isn't that a problem that a personal token on BTS is perceived as being more important than BTS itself? And how else do you reverse that if not by encouraging people to lock up BTS until it can be put to better use?
I say we should encourage whales to lock up BTS temporarily. If there were so many things to do with BTS we wouldn't even be having this discussion because liquidity would be there and the price would be way up. The fact is right now liquidity is not there and with these low prices, there does reach a point where it endangers the perception of the project itself.