Quote from: mxxxxxx on April 05, 2016, 06:39:22 AM

Quote from: b1007 on April 05, 2016, 06:16:58 AM

Quote from: JollyTrades on April 04, 2016, 11:51:54 PM

Quote from: b1007 on April 04, 2016, 11:34:28 PM

Sorry for sounding harsh, I appreciate you are willing to help me out (although I am sure it's not because of altruism lol Cheesy

). Nevertheless, as an investor I am sure you realise that I am only interested in ROI. And your comparison does not quite make sense for me as an investor. When I buy shares I own a piece of a company, when I buy Waves tokens I own a coin that has less functionality than for example dogecoin. Because dogecoin can also be used just as well as Waves tokens on the Waves platform, but it also has functionality outside of the platform. So to me, it seems like investing in Waves tokens is like investing in absolutely worthless vanilla coins that people can buy when they feel like it, but why should they if they can just as easily put some dogecoins on the platform or any other crypto currency? As long as there is no clear connection between the Waves platform and the Waves tokens I simply can't see good prospects of a decent ROI...I like the idea of the platform though and I appreciate your responsiveness, I hope you will value my feedback and think things through... Wink

I see your point. You are asking the special relationship between "Waves the platform" and "Waves the coin." The network fees in the platform will be paid only in the underlying cryptocurrency, that is the essential connection. In order to operate in the platform, you will first need to buy the tokens. Otherwise, you would be right in your point that buying Waves tokens is meaningless from a purely investor approach.

Quote from: sjccrypto on April 04, 2016, 11:29:07 PM

You do realize that Uphold already has a working asset to asset business, ready now to use? Why would avg Joe want to use WAVES as opposed to already available, easy to use Uphold?

There is no user-created crypto-assets in Uphold. No financial intermediary institution can create its own assets without the assent of the company. No crowdfunding project can raise money there. So Uphold is basically and essentially a company, not a crypto-platform.

Will the fees be proportional to the size of transactions, say something within the range of 1-3 percent? This will guarantee a continual demand for Waves tokens? Also are banks also supposed to use the platform eventually? BTW can you explicitly confirm that fees can ONLY be paid with Waves tokens and not with fiat money or other crypto currencies? because right now your answer sounds a little ambiguous...

We will be collaborating with entities that deal with bank directly and ultimately with banks themselves. Obviously there will be two 'tiers' of users, those that limit themselves to crypto transfers and the ones that will want to withdraw FIAT. For the former group there will be no need to disclose any kind of personal information, but for the latter, obviously there will be a KYC step. This is very clear from day 1, this is not a super-anon-project but one that will in fact collaborate with entities like banks and facilitate them the access to blockchain tech.

Everyone can create colored coins or assets, but due to our (sometimes negative) experience in NXT environment where anyone can just pay a fee and create an asset we will be incorporating a reputation (karma) system where people with positive background will clearly have more reliability at the time of issuing assets. Anyone that purchase an asset/coin from a zero-reputation emitter, is under their own responsibility.

There are many things that we have in mind to offer 'guarantees' on cases like tokens or coins that are theoretically backed by physical (or other) assets, for example notarized documents (Proof of Existance) - This is still in early stages of development and represents a BIG gap to fill since we would have to go through legal systems and work together with licensed professionals, not an easy task, so in the very beginning the reputation system will be the most reliable way to know if an asset is just wind or something solid.

We will facilitate the FIAT <> Crypto exchange, in fact is the core of Waves' vision.

I know many projects who will be moving to the Waves blockchain from the Nxt blockchain at once after launch as for usage.

You will be able to trade Waves also on standard exchange, not only to use it on the asset exchange.

Thanks for the answer, but I think here we are again reviewing things from a different angle. I am sure you guys have figured out an awesome platform with fiat gateways, BUT as a potential investor in Waves tokens I'd like to know whether there will be an EXCLUSIVE relationship between the Waves platform and Waves tokens. My question was very simple; can I only pay fees using Waves tokens on the Waves platform? Or can I pay fees also in other (crypto) currencies? It seems like you are dancing around my question by telling me how awesome the platform will be, as a potential investor I am only interested in how awesome Waves tokens will be, if there is no exclusive relationship between Waves tokens and the Waves platform, then to me buying Waves tokens is only investing in the Waves platform/supporting developers without good chances of a high ROI, I am not here to be altruistic so please explain, why should I want to buy Waves tokens if there is no exclusive relationship between the Waves tokens and the Waves platform? thanks Wink