Post
Topic
Board Altcoin Discussion
Re: [eMunie] Latest update, lots of new features and improvements.
by
Fuserleer
on 29/06/2013, 17:36:05 UTC
Work Value & Real Value

Above I mentioned a few times about the "value" of an eMu.  There are 2 value classification for a single eMu, "work value" and "real value".

Work value is the classification I talk about above, it is the work value of that eMu within the system and has no bearing or relevance at all to the eMu's real value.  The work value is an abstract that is used to correctly govern the supply of new eMu's thus to ensure that the current collective work value of all existing eMu's is not compromised.

Real value is the value placed upon eMu by you, me, and anyone else that chooses to use them, and that is a different kettle of fish entirely.

The work value of an eMu can be going up, while the real value is going down, or vice versa.  The real value is isolated from the work value, and is determined by the market, not the system.

That said, the real value of an eMu will most certainly have an effect on the supply and demand model within, as generally, it can be assumed that if the real value is dropping, so is demand, and vice versa.

The real value is what you "trade OF value" to acquire an eMu, whether that be a $, a £, a service, work, or a sheep.

With that in mind, if the demand of eMu is high, then the real value of an eMu will typically rise.  If the demand of eMu is low, or none, the real value may drop, but the work value will hold until demand resumes.  Due to the work value of an eMu being topped up via interest, your overall holding of eMu increases in proportion to the work value, and thus the real world value should rise at a steady and predictable manner.  The result is a reliable, predictable real world value increase, which when rising ultimately results in ... profit for you the stake holder.

In closing

Finally I would like to end with a breakdown of some innovative and unique features within the eMunie eco system, as aside from the above strong points, there are others too as listed below:

  • Transaction message attachments
  • Secure P2P messaging system
  • Multiple accounts within a single wallet
  • Higher wallet security
  • Easy wallet retrieval if lost
  • Built in system escrow system
  • Transaction schedules (transactions sent now but clear on a certain date)
  • Decentralized P2P exchange
  • ..much much more..