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RE: The POCKET/SBD value

in #pocket7 years ago

I prefer 1:10000 that makes the smallest amount of SBD (0.001 SBD) for 10 POCKET.
Since we live in a world where everything is calculated in the decimal system (base 10) it is the easiest to calculate with.
In my opinion the best would be that at least 10% of the genesis users do vote.

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1:10000 upvote for that ;) but 1:1000 sounds much better :D

Me too, that's the one prefer. I would have had even like 1:1000 (for 0.001 SBD = 1 POCKET) but it feels like it's now too late for that since people have already started trading more than 10 times lower to that valuation. Plus, it would have meant that people got their hands on 1,000 SBD worth of POCKET right from the start which is kind of a crazy concept. It sounds more reasonable with a 100 SBD genesis at 1:10000.

Ideally, you're right a 10% of genesis holders would be a significant voice for a starting price set, but I'm sure I don't have the influence to gather that many​ opinions. The only one, who people could really lend their ear to regarding POCKET at the moment, is @biophil and I don't know if he would agree or have the time to be involved​ in spreading the word about such a poll.


Edit: I just saw @biophil's comment above.

1000 POCKET for 1SBD would be nice but that makes POCKET obsolete. 1 POCKET should be less worth than the lowest amount of SBD because:
1: when not, you kill the market cap of Steem/SBD
2: POCKET should be an addition to Steem/SBD, not a 1:1 replacement (in case of the smallest amount)

In point 2 we're talking about factor X (>1) which we try to determine

Hadn't thought about it in that way. Makes a whole lot​ of sense. Thanks for the logical input!

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