Quote from: Arvydas77 on September 25, 2017, 08:07:27 PM

Quote from: wingspan on September 25, 2017, 07:38:26 PM

Quote from: Arvydas77 on September 25, 2017, 06:26:19 PM

[...] you must incentivise people to spend their tokens as much as they can.

one dynamic to consider that helps with "spending" (vs "holding") that goes with a crypto that doesn't reward spending directly is: to the same extent that holding is rewarded, so too is the motivation by merchants to give discounts to those buying with that crypto. So in theory, spending will be encouraged indirectly because merchants will want to hold that crypto compared to other currencies... and so on throughout the digital economy. Merchants will have many other reasons besides "interest payments" to give discounts to buyers, too. So spending Radix probably will happen naturally, IMO.

I think it is impossible to encourage spending just by merchant rewards. First, you need merchants to accept technology (it won't happen soon). Secondly, it is impossible that merchants will hold any kind of crypto just for speculative reasons. If you pay with BTC, actually, they are converting it in fiat instantly! Crypto is not in competition with fiat IMO. For everyday use fiat is the best and it will stay.

Well, with our native debit card (which you can also make for yourself for less than $25) that only our system can do without piggybacking onto the Visa/MC network the merchants will be MORE than willing accept it and thus get off the Visa/MC crazy train of fees since our solution is a substantially lower cost (and easier to understand). Plus, they'll be able to use the existing point of sale terminals as they do for Visa/MC with no need to do anything themselves.

For reference:
https://www.cardfellow.com/credit-card-processing-fees/#visa
What a labyrinth of fees that the merchant must understand to derive the impact to their margins.