Quote from: azmojo on June 30, 2017, 12:52:00 AM

Quote from: paulmaritz on June 29, 2017, 10:40:51 PM

Quote from: azmojo on June 29, 2017, 10:30:06 PM

Speaking of Jamaica, what are some real life theoretical examples of ways that Jamaica would use VERI? Jamaica has a local currecncy I believe but they also use a lot of USD. Clearly Jamaica could adopt a crypto-currency and abandon the USD and Jamaican dollar, but VERI doesn't appear to be the ideal vehicle for that. What other applications would or could Jamaica use VERI for if Reggie is successful? All speculation of course.

http://veritas.veritaseum.com/index.php/21-veritas-pancarib-what-would-the-euro-look-like-if-it-actually-worked

Yes, I read that but it's too theoretical and top-level for me to understand what it really means. In low-level terms, what are we talking about?

Our token technology, Veritas, serves as the basis for a pan-Caribbean smart" currency designed to operate in conjunction with traditional fiat currencies (to enable immediate adoption) that allows the entire participating set of caribbean nations of the African and latin diaspora and beyond to share common liquidity pools and markets, yet retain their sovereignty and economic independence.

Are we talking about everyone in Jamaica running around using VERI instead of fiat to make every day purchases?
Why exactly would the currency be "smart" or why does it need to be "smart" and why not a non-smart crypto like Bitcoin? What would be some specific advantages to having a "smart" digital currency (specific examples please)?

The answers are all in the article:

"Our token technology, Veritas, serves as the basis for a pan-Caribbean smart" currency designed to operate in conjunction with traditional fiat currencies (to enable immediate adoption) that allows the entire participating set of caribbean nations of the African and latin diaspora and beyond to share common liquidity pools and markets, yet retain their sovereignty and economic independence. This avoids the marginalization that plagues the Eurozone periphery (Greece, Portugal, etc.) which gradually drags down the economic core (Germany, France, etc.)."

"Using software robotics, blockchain technology, smart contracts and financial engineering, we at Veritaseum are realizing the goals of what the euro should have been. We plan to unleash this platform in the short term and demonstrate a template upon which to build the smart contract powered evolution to the euro concept - in other worlds, Enter the Peer-to-Peer Economy."