Quote from: akhavr on September 28, 2017, 09:24:49 AM

Quote from: ambrosus on September 27, 2017, 09:37:47 AM

detailed description of Amber is contained in the WP:
https://ambrosus.com/assets/Ambrosus-White-Paper-V8-1.pdf

Amber tokens remain bonded to a product until a defined expiration date or until the termination event, which can be defined by a purchase, delivery or any other event on the supply chain. End consumers can claim tokens at the end of the cycle. In thisway, tokens can be recycled and return to the ecosystem. The value gained by recycling tokens incentivizes consumers to purchase Ambrosus-tracked products. This cycle also benefits producers,who receive free promotion.

Read the WP, watched videos, catched up with the thread.

Still don't understand the role of tokens in this pretty ambitious and very important project.

1. Will Amber token be the only token to be accepted as an escrow for a product delivery?
If yes - how do you expect to handle price volatility? 50AMB now won't convert to the same amount in fiat 3 months later. Even Bitcoin doesn't.
If no - what would be the incentive to use Amber tokens?

2. Even if AMB would be the only way to handle escrow in a smart contract, what would prevent actors from using other contracts, bound to the amber smartcontract result, to handle the payment outside the Amber ecosystem? Say, I'd put 0.000001AMB in an escrow and create a smart contract with 500ETH in another escrow..

If users can use amber ecosystem w/o using AMB or using just nominal amounts of these, then this negatively impacts the buy sell of tokens on an open market, potentially driving the price down.

Or, in short, once again: what's the added value of AMB tokens?

1 - No. The volatility would be unacceptable for supply chain partners. The current use-case for Amber serves as a simple economic bond to prevent spam and encourage adoption, it's also tied to database maintenance too. It is correct though that other tokens can be used with the smart contracts but since there is a networking effect around Amber it isn't an issue