Tuesday, January 17, 2017

Should votes per USD reflect the price change between bitcoin and USD since #BAUniC2016?

Should votes per USD reflect the price change between bitcoin and USD since #BAUniC2016?

Vote/Coin exchange for #BAUniC2017 was planned at doubling of #BAUniC2016. Mindlessly (and efficiently) doubling is fine with a single currency, but given the current Bitcoin to USD ratio, maybe we should change.

This is not a vital issue right now, since we are not in the conditions to accept USD donations, but we are in the process of preparing a committee for this (we got the background workers ready to deal with legal issues and coins, but not the public face for a #BAUniC-Prime-Pyramid based on USD or Euro) and it will become an issue soon enough.

Awaiting brainstorming and debating ideas and proposals.

Current proposals:
* Stay with Bitcoin only, stay independent open source.
* Stay with fixed price and mindlessly doubling rewards, for all currencies used, regardless of market fluctuations.
* Adjust the vote rewards for USD in comparison to Bitcoin when we prepare the USD treasurer group, and keep it throughout 2017 to adjust it again next year.



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See also:
. #BAUniC year in!
(baunic.blogspot.com/2016/12/2016-baunic-year-in.html) .
. #BAUniC:Enthusiasm
(baunic.blogspot.com/2016/09/baunicenthusiasm.html) .
. Trigger Warning! #BAUniC will change the world!
(baunic.blogspot.com/2016/09/trigger-warning-baunic-will-change-world.html) .
. #BAUniC related links
(baunic.blogspot.com/2016/08/baunic-related-links.html) .

1 comment:

  1. After discussion with the interested entities, we opted for adjusting the vote rewards of Bitcoin compared to the exchange rate to USD.

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