Quote from: ranlo on August 28, 2015, 05:17:13 AM

Quote from: Armis on August 28, 2015, 05:07:29 AM

We are preparing to launch Pi (currency code NUMUS), I'm in the process of reconciling the records so that all who have deferred their compensation until now could be properly compensated for their work.

If you are an Admin, a Promotion Contractor, or Referral Agent please look over the PICISI assignments to see if you did any of the assignments listed and provide me with a link to that work so that you get credit for those assignments.

I have a list of 7 people who are due compensation, I will reach out to everyone on the list.

The criteria for payment is that you must have successfully completed the task, if you started something but didn't finish or matter has not taken place yet that would not qualify for payment as of yet.

Thanks

Just wanted to post publicly and say I got my reward today! I'm looking forward to helping move things along,

. Though I do think a run-down of how "currencies" in NXT work would be helpful. I get the assets and such, but this is my first time with something classified as a currency.

Essentially an Asset is something you own of value, it need not be physical. Financially the owner does a valuation and buyer/lender/investor does a valuation, then the parties determine the extent they want to be involved with the instrument. Do they want to lend based on it, or do they want to buy a share of it based on potential profits, etc ...

A Currency a different story, if there was only one currency in the world it would only be a currency, however once you introduce other currencies to the world then people will see advantages to having one currency over the other in different circumstances. As such, the birth of the currency exchange market.

When a currency is used as a means of exchange between buyer and seller for good or services the face value of that currency doesn't change with supply and demand of the currency. However, if it is more advantageous to me to get one currency over another it is in the comparison of the different currencies that I may want one currency over another and that is when I'm looking at the currency as a commodity -- something to be purchased (or sold). Only when currency is viewed as a commodity does it have a price, that is when the law of supply and demand effect the value of the price of that currency.

NXTs Monetary System allows the creator of the currency to place on it many different investment features, like
- Exchangeable
- Controllable
- Reservable
- Claimable
- Mintable
- Non-Shuffleable

those features enhance the commodity side of the currency with various opportunities. The strength of all currencies is in utility, the more that it is used the greater value it will have. Given Pi's role in the long-term development of PI it will be an extremely strong coin.