Editing Commission to Reform WPLUG
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* The WPLUG treasurer should establish an official WPLUG Litecoin wallet. | * The WPLUG treasurer should establish an official WPLUG Litecoin wallet. | ||
* At business meetings, the treasurer should report WPLUG's Litecoin balance in addition to its bank account balance. | * At business meetings, the treasurer should report WPLUG's Litecoin balance in addition to its bank account balance. | ||
− | * The treasurer | + | * The treasurer should monitor market conditions related to Litecoin and advise the board of directors appropriately. |
==== Justin's Suggestions: Market Guidelines ==== | ==== Justin's Suggestions: Market Guidelines ==== | ||
− | * Save our Litecoins unless you absolutely have to spend them. Unlike the US dollar, which becomes less valuable over time | + | * Save our Litecoins unless you absolutely have to spend them. Unlike the US dollar, which becomes less valuable over time, cryptocurrencies become more valuable over time. |
* People can buy, sell, and trade Bitcoin and Litecoin at cryptocurrency exchanges. Some popular exchanges include Coinbase (my favorite), Bitstamp, and BTE-e. | * People can buy, sell, and trade Bitcoin and Litecoin at cryptocurrency exchanges. Some popular exchanges include Coinbase (my favorite), Bitstamp, and BTE-e. | ||
* Most exchanges don't allow Litecoin to be sold for US dollars since Litecoin isn't very popular. Therefore, if you'd like "cash out" our Litecoin investment, trade the Litecoins for Bitcoins and then sell the Bitcoins. | * Most exchanges don't allow Litecoin to be sold for US dollars since Litecoin isn't very popular. Therefore, if you'd like "cash out" our Litecoin investment, trade the Litecoins for Bitcoins and then sell the Bitcoins. |