I'd Buy ~bitcoin Territory At The Right Price \ stacker news ~AGORA

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I'd Buy ~bitcoin Territory At The Right Price

1064 sats \ 20 comments \ @0xbitcoiner 12 Dec AGORA

I was inspired to come up with this idea after reading @Jon_Hodl's post (Driving More Users To Stacker News).

I wonder if @k00b has ever thought about selling the ~bitcoin territory. I bet there are tons of people who'd be interested. What if we threw a big event and had an auction? We could do a Dutch auction, where the price starts high (e.g. 100M) and keeps going down until someone bites. Whoever says 'Yee-Haw' first gets the land. It would be a great way to get some marketing to SN.

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162 sats \ 4 replies \ @fm 12 Dec

~bitcoin is the cornerstone of SN I hope he will never ever give control of the territory He has the best interest for his project. Others wont. If you auction that one, you can open a door for bad actors to mess up the site..

0 sats \ 3 replies \ @0xbitcoiner OP 12 Dec

If you auction that one, you can open a door for bad actors to mess up the site..

But can't this happen with other territories? What bad thing could happen to ~bitcoin territory?

0 sats \ 2 replies \ @fm 12 Dec

But can't this happen with other territories?

Indeed, but i dont think others are as important or have as much impact.

If you wanted to harm the site, by elevating a lot the fee no one would add new content.

21 sats \ 1 reply \ @0xbitcoiner OP 12 Dec

I understand your concern, but I think that if someone does this, not only will they gain nothing, but it's always possible to create other territories. It's not impossible, but I don't see it happening.

162 sats \ 0 replies \ @fm 12 Dec

in a perfect world.. that would not happen.. But on troll land.. Not so sure

And yes, you can create other territories.. But that one.. is the cornerstone

65 sats \ 1 reply \ @k00b 12 Dec

Never selling.

0 sats \ 0 replies \ @0xbitcoiner OP 12 Dec

I know it's your baby, but to say never seems like an exaggeration. Name a price you'd consider selling for. 1 btc ? 21M btc ?

43 sats \ 0 replies \ @freetx 12 Dec

Why not just start "Bitcoin2" for much cheaper?

I understand the theory that eventually when there are 1M users people will hang out in specific territories to cut down on the noise.

But with 1k users, hanging out in main is enough as there is not too much to filter thru....

I think territories are the wrong path for SN funding. I think we should just transition to either (a) set monthly subscription, or (b) set "sats per post" fee that goes to the house.

11 sats \ 2 replies \ @Jon_Hodl 12 Dec

If you had a goose that laid a golden egg every day, would you sell it?

Now imagine that you had idealogical reasons to protect it and ensure that it was never corrupted or falls into the wrong hands.

You would definitely NOT sell it.

0 sats \ 1 reply \ @0xbitcoiner OP 12 Dec

I get the comparison, and there are situations where I'd agree without a second thought. I respect everyone's choices, but in this particular scenario, it's all about the price for me. Wouldn't you sell for 1 BTC? Or even 21 BTC?

0 sats \ 0 replies \ @Jon_Hodl 12 Dec

I suppose everyone has their price but I think when you build something from the ground up, you're just not that interested in selling it.

11 sats \ 2 replies \ @DesertDave 12 Dec

I can't imagine why anyone would sell it ever.

0 sats \ 1 reply \ @0xbitcoiner OP 12 Dec

In this case it wouldn't be to make a profit but a marketing ploy.

11 sats \ 0 replies \ @DesertDave 12 Dec

To pull people in to stacker I guess?

11 sats \ 5 replies \ @AG 12 Dec

not sure is for sale

0 sats \ 4 replies \ @0xbitcoiner OP 12 Dec

I don't either, but I think that almost everything has a price, and for the right price, why not?

0 sats \ 3 replies \ @AG 12 Dec

Dutch auction would not work then

0 sats \ 2 replies \ @0xbitcoiner OP 12 Dec

Why doesn't it work?

0 sats \ 1 reply \ @AG 12 Dec

Why put a max limit? it could be worth more than 100M

0 sats \ 0 replies \ @0xbitcoiner OP 12 Dec

100M was just an example, you can start at 21btc. In the dutch auction, the price goes down instead of up. It would make sense to set a minimum, like 21M! 🤠