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[PETAVOTE Result] New token bootstrapping discussion

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• markxmayer

  

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  Location: Englewood, CO

  @cryptonaut

  @davidareallen

  @cryptonaut

  just need a name for the new token, then can make it, send it out to current PETAMINE holders and make the private forum, then we can have better threads for deciding what specific tokens or assets to buy (and start accepting more funds). Any name ideas?

  Lets call it what it is - SPECULATE

  I kind of like that actually lol

  Works for me too.

  Posted on October 5, 2014 at 4:52 PM
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• Cryptonaut

  

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  Location: Canada

  @markxmayer

  @cryptonaut

  @davidareallen

  @cryptonaut

  just need a name for the new token, then can make it, send it out to current PETAMINE holders and make the private forum, then we can have better threads for deciding what specific tokens or assets to buy (and start accepting more funds). Any name ideas?

  Lets call it what it is - SPECULATE

  I kind of like that actually lol

  Works for me too.

  I bought it. Anyone have any other suggestions or have objections?

  Posted on October 5, 2014 at 6:19 PM
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• Cryptonaut

  

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  So I was thinking about how to figure out how many tokens to send out when BTC funding payment come in (i.e, how much the new token will cost per unit)...

  How about this idea:
  price is variable depending on how well the fund does every week. Price could be calculated with an estimated full ROI of 6 months
  1 SPECULATE = (last weekly dividend paid per unit) X (24 weeks]).

  If we started with the last full PETAMINE dividend paid, that would put the starting price at 0.00005424 per token, which is pretty close actually to the last price PETAMINE token funding was going for on sept 23rd, which was 0.000061 per token. This base price would only change once per week, so it would be less variable day by day than the petamine stuff.

  thoughts?

  Posted on October 5, 2014 at 7:10 PM
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• davidareallen

  

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  @cryptonaut So I was thinking about how to figure out how many tokens to send out when BTC funding payment come in (i.e, how much the new token will cost per unit)...

  How about this idea:
  price is variable depending on how well the fund does every week. Price could be calculated with an estimated full ROI of 6 months
  1 SPECULATE = (last weekly dividend paid per unit) X (24 weeks]).

  If we started with the last full PETAMINE dividend paid, that would put the starting price at 0.00005424 per token, which is pretty close actually to the last price PETAMINE token funding was going for on sept 23rd, which was 0.000061 per token. This base price would only change once per week, so it would be less variable day by day than the petamine stuff.

  thoughts?

  Is it sufficient to just poke the LIKE button, to show our support? Like most of my investments, it's nice when the broker asks what I think, however he or she is the expert, so I always say yes. Hasn't failed me yet. and thanks for doing this NICK. In the future, you don't need to send me tokens to vote. SPECULATEVOTE tokens will be given to you as my proxy.

  Posted on October 5, 2014 at 7:48 PM
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• Nervo99

  

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  Posts: 7
  Location: Northeast Ohio USA

  @cryptonaut

  @markxmayer

  @cryptonaut

  @davidareallen

  @cryptonaut

  just need a name for the new token, then can make it, send it out to current PETAMINE holders and make the private forum, then we can have better threads for deciding what specific tokens or assets to buy (and start accepting more funds). Any name ideas?

  Lets call it what it is - SPECULATE

  I kind of like that actually lol

  Works for me too.

  I bought it. Anyone have any other suggestions or have objections?

  I was going to propose FEMTOMINE.

  FEMTO is the antonym of PETA.

  Anyhow, just my first post and my two (crypto) cents.

  Let's SPECULATE!

  Posted on October 5, 2014 at 8:18 PM
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• Cryptonaut

  

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  Posts: 1944
  Location: Canada

  @nervo99 welcome!

  @davidareallen yes, like on post is sufficient support :p

  Posted on October 5, 2014 at 8:22 PM
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• troy112

  

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  @cryptonaut So I was thinking about how to figure out how many tokens to send out when BTC funding payment come in (i.e, how much the new token will cost per unit)...

  How about this idea:
  price is variable depending on how well the fund does every week. Price could be calculated with an estimated full ROI of 6 months
  1 SPECULATE = (last weekly dividend paid per unit) X (24 weeks]).

  If we started with the last full PETAMINE dividend paid, that would put the starting price at 0.00005424 per token, which is pretty close actually to the last price PETAMINE token funding was going for on sept 23rd, which was 0.000061 per token. This base price would only change once per week, so it would be less variable day by day than the petamine stuff.

  thoughts?

  I don't get it, Won't the entry price for new tokens depend on what new asserts we invest in. I like your formula, but in my opinion, to get the best value, new buys should not be done for 1 week.

  After that we can get the price of our new tokens.

  And ROI in 6 months is a pretty tough task!!

  Posted on October 6, 2014 at 6:42 AM
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• Cryptonaut

  

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  @troy112 I don't get it, Won't the entry price for new tokens depend on what new asserts we invest in. I like your formula, but in my opinion, to get the best value, new buys should not be done for 1 week.

  After that we can get the price of our new tokens.

  And ROI in 6 months is a pretty tough task!!

  Yeah, your probably right. So you think we should wait until the first full week of new dividends before accepting new funding deposits? I am OK with that.

  idk, 6 months ROI is potentially doable I think, but yeah could be difficult. The thing is, in bitcoin land 6 months is a long time and not many things last a full year :p would (last dividend) X (52 weeks) work better though?

  I think we will go ahead and use SPECULATE for the token name. I have it purchased already, so sometime today I will send out some tokens and make the private board

  Posted on October 6, 2014 at 9:30 AM
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• Cryptonaut

  

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  Private forum has been created and SPECULATE tokens have all been sent out to current holders of PETAMINE. I will get some details posted up in the private board sometime tomorrow and we can get this thing rolling

  Posted on October 6, 2014 at 9:17 PM
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• sbatz72

  

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  Posts: 133

  @cryptonaut let me understand this correctly, I would like to purchase the new speculate token and you are only charging about 0.00006 for this? I will be emptying my 0.007+ XBTC on this if so. I would like to start getting a BTC every week sooner than one year. Is that even possible. Keeping my fingers crossed that it is.

  Posted on October 6, 2014 at 10:03 PM
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