Denied Btc in Ecc

Discussion in 'Suggestions' started by dylpickle98, Jan 11, 2018.

Thread Status:
Not open for further replies.
  1. dylpickle98

    dylpickle98 Builder
    Builder ⛰️ Ex-Mayor ⚒️⚒️

    Joined:
    Apr 26, 2012
    Messages:
    346
    Trophy Points:
    26,220
    Gender:
    Male
    Ratings:
    +25
    With stock trader gone, i there no longer any way to invest large amounts of ecodollars long term. Btc in ECC (from this point on labeled the totally changeable name ECCoin) would not only solve this problem, but also be a new and attractive addition to ECC.

    Here's how it would work:

    Creation and Destruction
    Anyone with $100k (or some other predetermined minimum) can put in a request to buy or sell ECCoin at Coinbase btc market price - $1k. This would be processed by staff whenever, and the price is determined when it is processed. The $1k fee is to discourage overuse of this feature as it would be kind of a pain for staff.

    user to user trade
    Users can trade send ECCoin to each other at any time. This could either function similarly to ecd, or be limited to forums. Some users may be able to make a small profit by selling ECCoin at a premium and buying at a discount, hence reducing the need for creation and destruction.

    Why This would work
    Stock trader failed due to the plugin being out of date with no feasible replacements, and a replacement would be difficult. A simple plugin like this would be easy to implement and accomplish the same goal. Only one asset has to be monitored, and only when a Creation or destruction occurs. This can be processed by staff, hence requiring no new api.

    For a forum only implementation, the only requirement would be a copy paste of the existing currency system, relabeled to ECCoin.
     
    • Like Like x 1
    • Agree Agree x 1
    • List
    #1 dylpickle98, Jan 11, 2018
    Last edited: Jan 11, 2018
  2. OppyStoppy

    OppyStoppy Pain
    Builder ⛰️ Ex-President ⚒️⚒️ Premium Upgrade

    Joined:
    Mar 16, 2015
    Messages:
    1,336
    Trophy Points:
    31,355
    Gender:
    Male
    EcoDollars:
    $0
    Ratings:
    +636
  3. andrewkm

    Founder Premium Upgrade

    Joined:
    Apr 5, 2011
    Messages:
    20,349
    Trophy Points:
    102,160
    Ratings:
    +15,056
    Or I can focus on expanding ECC with other gamemodes... instead of taking up a huge useless project like this.
    Sorry bud, denied.
     
Thread Status:
Not open for further replies.