NEM blockchain, one of the best blockchains in my opinion, has an obvious flaw. The NEM system gives more importance and reputation to those who spend their XEMs, but with the price so volatile, nobody want to use their XEMs for everyday transactions. Same thing happens to bitcoin, ethereum or any other blockchain/cryptocurrency. People hold their coins to stake/harvest, speculate, trade, but not to buy goods and services. That is why Chronobank's stable Labour Hour Tokens are so important to the whole blockchain industry. In my opinion, this is the only way blockchain can become mainstream.
Yeah, but Labour Hour Tokens are meant to be part of ChronoBank ecosystem, and not to pay for your coffee. Maybe someday, who knows?
LH Tokens are supposed to be attached to a debit card for easy liquidity and everyday use, unless something has changed. LH Tokens allow a labourer to be paid at the end of a shift and spend that money immediately instead of waiting for a paycheque every week or two. LH Tokens are the free-flowing, stable value coins that people will spend on a regular basis, and TIME Tokens are for traders/investors and their value will be determined by the market.