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RP improvement

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fraser
Traffic Value: $10,524.3446 Australia
10 like this post 2 people
28/05/2019 04:01
Was just having a look at the RP Transfers contribution to the daily results card. For the last week it has been as follows:

27/5 - $7.53
26/5 - $8.65
25/5 - $1.91
24/5 - $4.07
23/5 - $2.79
22/5 - $4.12
21/5 - $15.99

Or a total of $45.06. Not a lot but not insignificant.

Currently, my understanding is that this comes from the 3% RP sales tax and just goes in to the big slush fund.

However, assuming a RP price of 0.0007 this equates to 64,371 RPs.

Do you think it would be a good idea to use this money to burn RPs?

Currently there are 500,000,000 RPs in circulation. At some point this is going to become an issue and I think it would be a very positive thing to see this number reduce.

It would increase the value of all remaining RPs and encourage users to buy and hold them for the longer term.

I appreciate PTCshare is (and should be) the current focus, but could this be one for the to-do list?
dguy
Traffic Value: $15,993.01608 Canada
1 like this post 0 people
28/05/2019 04:51
Getting our RPs and especially our BAPs down is always a good idea. The BAPs moreso since they are undervalued and our ROI would be high. This should only be done with profits of course but we also have the FTQ debt to pay. So would it be fair to do buybacks before we paid back FTQ holders?

Buying back BAPs is even better than new projects because it is a guaranteed ROI whereas new projects are always a speculative gamble as we know all too well here
rayden1991
Traffic Value: $197.80922 Bosnia and Herzegowina
2 like this post 0 people
28/05/2019 07:29
I think this is a very good idea , even that we still have FTQ to pay for . This way we are focusing on more things at once , even  76k of RP  removed per week assuming we have consistent  RP transfer amounts per week and  not taking in to consideration that price of RP will definitely go up if buybacks starts. . That would be 760k RP removed in 10 weeks which is not small amount anymore. 

I vote yes for this idea, especially because there is no need for programming so it wont take time and money to implement it and  you can do buy backs once a week which will take max 20 minutes but impact on price   of shares will be substantial and will be beneficial to the company.
druth8x
Traffic Value: $22,417.44153 United States
2 like this post 2 people
28/05/2019 08:16
They already have plans (last known was when we get legal around that time) to change RP to "stocks" and reduce them to a factor of like 500-1000 to 1 aka I'd have 4K or 2K "stocks"+. Anyone under 500 or 1000 or whatever number they choose and anyone btwn those numbers, or who does not want to submit info to be verified for legality, would be given time to buy/sell to get to those "even" numbers. Then, a new site, which has very little pubic face, would be where you go to log in and and access your "stocks".

I really don't think this is not ever going to happen. It's just the steps to get legal were more complicated/expensive than they thought and so that whole plan has been taken off the burner and put in the deep freezer as the need to just generate revenue takes precedence.

____
I still don't see how this whole plan, which is brought up every few months, of yours works. There aren't 500MIL RP available at the current price. Meaning, the price of 500mil RP aren't 500mil x current price. Also meanins,that if the site bought back and got rid of 250mil the price wouldn't magically go up 2x. It's such a small number that are keeping it at the price it is. If you really want the price to go up: 1. Only buy, don't sell. If everyone did this, there'd be a point where there is nothing to buy or at least those that sell could choose to sell higher. The buyers would have to keep raising the floor as well though. 2. If you must sell, only sell so you can buy more than you sold.

I think it's as "simple" as that.
dremis
Traffic Value: $6,023.4734 Spain
1 like this post 0 people
28/05/2019 08:45
What fraser sugested has nothing to do with what they said of reducing the Rp to a factor of 500 or 1000, doing what they said it is only visual as you would have the same % of the company´s RP. what fraser is sugesting is BURNING that RP to increase the overall value for all the members, if there are less maximun RP but you have the same, you just won in value as you would have a higher % of RP than you had before
totoer008
Traffic Value: $1,695.27241 France
7 like this post 0 people
28/05/2019 09:37
I’ve calculated it would take ages before we could make a serious dent in the general stockpile. Assuming everything goes the way you say, we will be reducing the overall quantities by 0,80 percent each year. I prefer if this money would be instead used for FTQ at least we get rid of real debt and people which we own for years will be happy (I might not have any money tied there but if I have had invested it, I would be pissed to see even small amounts of money being used to make others richer while my investment of years is still being disregarded). At another point it is a good idea but not now
rayden1991
Traffic Value: $197.80922 Bosnia and Herzegowina
0 like this post 1 people
28/05/2019 12:39
druthx8 you went on to different topic as dremis said , we are not trying to convert RPs to stocks or something similar we are trying to lower amount of RPs in general.

totoer008 I agree there would take " ages" to make a dent in the RPs even at current price of 0.007 per RP. 
I did some math too and it would take about 6 months to clear all RPs that are being sold at 0.007. assuming an average $45.06 per week is being made and used to burn RPs.

This is more than 14.28% increase in price of RPs in six months. 

This is just calculation based on broad spectrum of information and assuming. Of course there is going to be people who will stop and cancel their sale orders  saving them for later which will indirectly affect the price to go up  and it will also directly make people to buy more RPs to try and resell them later for more money as if " burning " of RPs becomes a thing  they will be assured that price will be higher.

Considering the people that have money invested in FTQ ( I am one of them), taking in consideration that no money currently is going to FTQ repayment , redirecting RP transfer fee in to buying and burning  RPs  would have no real effect on FTQ payment. I will take our project WarClicks which has been running for more than 3 years if im not mistaken and  it was running in negative revenue for year one and two , im not sure about the third one, and its about to make a big boom to make revenue of 10k per month  what im trying to say is that " ages " of burning RPs to make a considerable dent in them is not that much when after two years price will be $0.01 possibly more and this is without all other factors ( PTC share launching , WarClicks making net positive revenue , repayment of FTQ , becoming legal ) .
Vixthra
Traffic Value: $2,179.00664 Slovenia
9 like this post 0 people
28/05/2019 14:54
With everything going on, and we (you)'re yet again talking about RP value. And similarily, yet again, figuring ways of increasing that value by means which don't actually add any tangible reason for it.

It will rise in time when our projects starts providing and the value starts showing, no matter if there are 500mil or 500k.

Increasing it in any other way will sooner or later bring it back to the bottom, because there's no actual reason for it.
Hoppa61
Traffic Value: $73,032.40453 Netherlands
2 like this post 0 people
28/05/2019 16:38
I am not saying I am for or against buying up RP's.

But buying up and buring RP's would have a much bigger impact then you think because the free float of RP's (the amount of RP's being traded) is much lower then the 500 million there is in total.
ALIREZA1394
Traffic Value: $13,247.65502 France
0 like this post 1 people
28/05/2019 20:45
The best way to boost the market is to buy and collect a few million shares by admin. When RP fall, they will spin more volatility and the market will flourish like last years.
totoer008
Traffic Value: $1,695.27241 France
3 like this post 0 people
29/05/2019 18:22
I haven't thought of this way and it does make sense although I still believe no matter what little money is made we should invest it to pay back the debt we owe. I agree I overlook the possible effects it might have on the shares but still it's an easy way out. It will definitely boost our overall value but isn't building something more logical to earn money and pay back ? I mean think of it guys : the website owes you money and instead of paying backing, tries to please traders (people after a quick buck) or people who just own shares, many people who invested would be pissed. On the other hand building products that might possibly fail but which intention are to make money and pay back people seems a bit more fair and legit answer than a shady (although possibly very effective) trick to skew prices up. 
rayden1991
Traffic Value: $197.80922 Bosnia and Herzegowina
1 like this post 0 people
30/05/2019 07:02
Somehow from the comments i get the feeling  majority of you focuses on one part when in reality you HAVE to look from all aspects and sides when you are involved in this kind of company as My Traffic Value is.

ALIREZA I agree buying  millions RPs and holding them by admin/anyone would increase the price but RPs are still there and in any moment if the person feels like it they can dump them back to market.


totoer website owed me money when they were making sumoroll but still they decided to  take what little money was made and invest it in sumoroll and not repay the debt. We decided the same when it came to Warclicks didnt we. So that is postponing the repayment of FTQ twice for greater good of the company.



Another thing is  i dont believe fraser presented this idea so traders would be pleased. As he said
 " It would increase the value of all remaining RPs and encourage users to buy and hold them for the longer term."


As people would start holding  ( not trading )  would be the final end goal  , increase in price would be perpetual to amount of holders.


Then the higher the price of RPs thus higher transfer fees for each RP and again making more money for company.

Let me repeat my self  while Warclicks is doing crazy good with a ton of updates , being hosted on front pages of gaming platforms and making a lot of money , soon enough we will have another ptc site  that already has more than 10 k registered users  if only $1 per user  is invested that is $ 10 000 fresh green USD to fund new projects or repay the FTQ and i know people are gonna invest much more than one dollar as i will invest in it much more.

The key of this game is diversification and no matter how small income stream is only one thing is important if the stream is stable and consistent you have to grab it and keep it and possibly improve it as we are trying to improve RPs right now.
mio2815
Traffic Value: $32,608.39303 Germany
3 like this post 0 people
30/05/2019 09:07
One thing you forget about this burning RP's it won't generate more revenue, as prices of RP's rise people won't buy more RP's they'll buy less because they become less affordable.
That means selling RP's would take even longer as it already does. 
In the following the revenue that already is small as you pointed out would fall and the amount Admin (etc.) could be using to buy back would also slow down.
So nothing is won, it just makes the market even less attractive.

The only thing that would make people buy and hold RP's longer would be dividends but these should only be paid from profits and after debt is paid.
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