@pocketbook and I were just discussing this very topic today:
We came to the conclusion that next Wednesday I'll be putting up a post inviting people to vote for three different prices:
- 1 SBD = 20,000 POCKET (as set by the prior 5 SBD = 100,000 POCKET transactions)
- 1 SBD = 15,000 POCKET (as the price being ask to get one's hand on @pocketbook's POCKET at the moment)
- 1 SBD = 10,000 POCKET (as the simpler price and thus being the one I prefer)
The winning price will be the one @pocketbook and I will ask for our POCKET selling offers.
What do you think?
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.
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!
I think Steem and SBD are both great investments. However, I think pocket tokens will be an even better store of value in the long run because no more will ever be created. Someone please correct me if I am wrong but I think that the production of Steem doubles every 2nd year and every 3rd year the production increases by a factor of 10. Our wise founders did this to keep people engaged in the platform and motivated to keep producing great content. By contrast these little pocket tokens will never be produced again so they become scarce and a type of digital gold here on Steemit!
That's a very good point!