Yes I fully agree with what Akado is saying.
A first step would be to sell the fee pool reserves in to the markets at feed +10%
Could the committee please inform us of what it has planned to increase liquidity in the near term?
I think people are letting all this decisions in the committee hands but this is something all of us should be working on/discussing. They have the power to do stuff but shareholders decide on what's best and also have saying. I think people are forgetting that and think that the committee can or should handle these decisions all by itself and discuss stuff in private, etc. While some discussions should be of that type I think everyone should care about this.
This is important. Let's push this through. Even if we don't have a long term plan, if fees were collected we have the option to risk and sell them on the market at +10% premium or wait till we have a better plan and accumulate more fees.
How long would it take to accumulate the same amount of fees? Roughly the same time? How much is it in USD at current bts prices?
Should we wait or take this chance that we might not have again?
Any ideas for a long term plan? Maybe it's me that can't come up with anything but I really see no problem with doing this right now.
What if we did this every quarter? That would be nice and everyone would know at that time there would be an "injection" in the system to try make it healthier, would this be a good idea?
So this quarter we have this X amount of fees sold on the market. Next quarter we do the same, etc. If we manage to do this a whole year and increase the volume which consequently will increase the fee pool next time, we really could snowball this, little by little!
Q1 - $10k bitUSD sold at 10% premium only
Q2 - $?? bitUSD sold at ??% premium
Q3, Q4, etc
Of course with bitCNY and bitBTC too this is just an example. We would have this injection every quarter to stabilize things till we get things rolling. Then in the future if it isn't needed we could use it for other stuff but for now it would be nice to do this. Seems like a good idea and would give many people an opportunity every quarter.
@Bhuzthanks for sharing that I completely forgot. Well, I guess that's the committee's job to organize itself to make these decisions. Organize it, do it with a smaller expiration rate to avoid anyone from manipulating the price and you end up doing that mistake.
Otherwise nothing will ever get done because of that, which doesn't make any sense. It's just a mater of organization. I'm sure if everyone really commits to do it, we can find a solution and the committee can organize itself and pull this off. If it doesn't take action then this is just useless and nothing will ever get done.
If we don't discuss and act, then nothing will get done, that's 100% sure.