Re: [ANN] UniversalCoin (UNV) - The 0.01 BTC minimum value coin -
Quote
the UNV project is only thought to be a real alternative to $, , £
Do you mean UNV can take the place of the (petro) dollar?
(The petro-dollar used to have the premier currency reserve status and was accepted everywhere.)
Yes of course (Sometimes we need to speak with simple-words - Petro-Dollar is not understandable for everybody
If you think twice, if crypto projects will be very designed to absorb whole mass monetary, well it must be such a calculation.
But all crypto projects are only dump coin and offer nothing to change the society.
Just think about it in real economic way
But all crypto projects are only dump coin and offer nothing to change the society.
Just think about it in real economic way
How about you answer the question, "in a real economic way" ... How will you guarantee a minimum value of 0.01 BTC?
He is basing his assumption on the thing that he wants to sell the coins at the price of 0.01 each.
By this people won't be interested in selling lower and going at a loss , thus maintaining an artificially inflated price.
The only problem is that there might be no buyers and some of the owners will start selling to cut loses , which will brake this artificial wall.
The point you don't understand guys on UNV, is that UNV hasn't been thought for speculation and trading .
The PBM is that you only think in terms of benefits, but the UNV project is only thought to be a real alternative to $, , £ (...), and the only fact that UNV will be 0.01 BTC (equivalent) is enough for the economic plans.
As for example when you buy any product in a shop, you will buy it to only use it, not for sell it for an extra value or sell it under the price, but just use it.
As the same when you exchange $ for , you don't expect to make benefit for that (uless you're an $/ trader of course!!), but just need in order to pay things if you go to Europe.
That's as simple as that.
In fact we don't really need it to be more than 0.01BTC, but if it goes up it, well, good, but it won't change anything to the plans.
Got it ?
STOP ALWAYS THINKING IN A BUSINESS WAY.
I take it that's a no, then? You can't answer the question.
The minimum value will be guaranteed on exchange.
Of course people could sell it under value peer to peer if they want but ...
Who really gonna sell UNV under its value knowing that he could sell it on exchanges for a 0.01BTC minimum ? (stupid people yes ...
)