Quote from: b1007 on April 05, 2016, 08:19:27 AM

Quote from: sasha35625 on April 05, 2016, 08:15:42 AM

Quote from: b1007 on April 05, 2016, 07:23:54 AM

Quote from: sasha35625 on April 05, 2016, 06:54:43 AM

Quote from: b1007 on April 04, 2016, 11:20:14 PM

Quote from: JollyTrades on April 04, 2016, 11:15:57 PM

Quote from: b1007 on April 04, 2016, 11:11:14 PM

As an investor I'd feel scammed if I invested in Waves and here is why. On the just released blog message you wrote;

"What about blokchain tokens of our own? Do we want WAVES to be the value transfer token? NO: for that we have Bitcoin. Money transfer is the first killer app of blockchain technology. It wont be the last, but still it will dominate blockchain tech for years to come. But one thing is obvious here, ONE (or a few) cryptocurrencies should be used as a currency, otherwise the network effect which is needed for something to be used as a currency will never be realised. Well be doing our bit to help Bitcoin become the first INTERnational currency (as opposed to NATIONAL currencies). It will be deeply integrated in our platform through a corresponding token, backed by Bitcoin multisig technology and a reputable Bitcoin exchange. It cant be made fully decentralized for now, but we will integrate Bitcoin into a new ecosystem where it can be traded, in a decentralized way, against blockchain tokens effectively creating a decentralized cryptocurrency exchange/crowfdfunding platform. Our killer feature is the ability to trade any token against another token on the blockchain (asset-to-asset). It opens up new dimensions for doing business on blockchains, effectively replicating traditional markets and making Bitcoin trading decentralized."

This implies that there will be absolutely nothing special or unique about Waves tokens, so why the hell should I invest in buying them? To me it just feels like investors got to put in a lot of money buying worthless Waves tokens so you guys can make an innovative platform. Seems to me it's not worth it to invest, like I mentioned in my previous posts, you got to give Waves tokens functionality. If you refuse to do so, it's like investing in air, it's nothing, it has no intrinsic value or purpose other than funding you guys... Undecided

No, that passage you just quoted does not imply that there will be nothing special about Waves tokens. Just to the contrary, indeed. That passage explains what makes Waves tokens special and unique. As you have quoted, and I suppose you have read the paragraph you quoted, "Our killer feature is the ability to trade any token against another token on the blockchain (asset-to-asset)."

So explain to me what can I do with Waves tokens on the platform that I can't do with bitcoin, dogecoin or shitcoin? Because the text seems to clearly imply that bitcoin will have special functionality and all other crypto currencies on the platform (including Waves tokens) are equal.?

You can't really do anything without WAVES tokens, since everything is run using them - all tx fees, all asset issuance and transfer, everything.
We will support other "money" crypto besides Bitcoin too ( DASH, Litecoin and Dogecoin seem to be a good choice now), but obviously Bitcoin transfers will dominate (at least in near future)
What can we do for Bitcoin - we enable decentralized trading against bitcoin. so it's like decentralized bittrex!

So I can't pay fees, issue assets or transfer assets with other crypto currencies or fiat tokens? Can you confirm this?

You can, but under the hood it always goes through the Waves token. You pay a fee in USD, at the same an order is sent to sell your USD and buy some Waves to pay the fee. USD is liquid so it goes through fast, and the fee is paid. If you try to pay with an illiquid asset you'll have to wait till it's sold

Hmmm now I am undecided again Tongue

.Let me rephrase it, if I don't own any Waves tokens and I am not planning on buying any Waves tokens ever, will I be able to pay fees, issue assets or transfer assets on the Waves platform? Or are you saying, if you pay a fee in say USD it automatically gets converted into Waves tokens? sorry if I sound like a broken record, but I need to be absolutely sure Wink

Yeah I'm wondering too. These are things everyone needs to know in non technical terms to get a grasp of what its all about at the very basic level. That will instill confidence in investors.