Post
Topic
Board Announcements (Altcoins)
Re: [ANN] DigitalNote XDN privacy, untraceable, blockchain deposits, Messages 2.0
by
natall.com
on 17/09/2016, 21:31:57 UTC
That's all good but no one seems to answer my question of services. We need some websites selling things for DigitalNote otherwise there is no point.
We are now in the development and investment phase, due to greshams law people will not be willing to buy stuff for XDN now since you get almost nothing for your money http://abcnews.go.com/Technology/bitcoin-pizza-day-pies-now-worth-million/story?id=23824128

It seams that a high market cap actually helps a cryptocurrency in many ways.

High market cap -> Services/products being offered for the coin.
Services/products being offered for the coin -> high market cap.

One solution would be automatic conversion for buying products/services sold for BTC, that would be usefull in the transition phase. I actually think direct conversion between fiat and XDN is more important, now you have to buy bitcoins and exchange them for XDN on poloniex/hitbtc. It should be as simple as possible, bitstamp is a good example.

high market cap -> a secure network*
a secury network -> high market cap.

Solution = Proof of Activity.

*this is not always the case since higher market cap also increases the incentive for an attacker. Pure proof of work is a terrible idea http://www.neucoin.org/en/whitepaper/