Author Topic: Buying MoonFund from the BTS exchange. Good Idea?  (Read 3449 times)

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Offline bitsapphire

OK guys, damn I love this community :)

We've put up an announcement and poll in the official development diary. Could everybody please vote and let us know what you think?

We would even be open to extending the donation period, as long as we don;t break the initial contract for the BTC donors.

https://bitsharestalk.org/index.php/topic,15138.0.html
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Offline clayop

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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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Offline onceuponatime

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

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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 bitsapphire

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 Pheonike

Then use metaexchange to convert to btc.

Offline onceuponatime

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

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 clayop

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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 onceuponatime

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

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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.
Bitshares Korea - http://www.bitshares.kr
Vote for me and see Korean Bitshares community grows
delegate-clayop

Offline xeroc

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Yes .. absolutely .. i was referring to "free market" :)

zerosum

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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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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

Offline btswildpig

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it's bound to happen on the free market . no matter we approve or not .
这个是私人账号,表达的一切言论均不代表任何团队和任何人。This is my personal account , anything I said with this account will be my opinion alone and has nothing to do with any group.