Quote from: discodancer on September 22, 2014, 10:52:30 AM

Quote from: Benjig on September 22, 2014, 06:52:48 AM

Quote from: Vandalay23 on September 22, 2014, 06:08:46 AM

Quote from: alfbugbug on September 21, 2014, 08:53:54 PM

Quote from: discodancer on September 21, 2014, 08:26:00 PM

The whitepaper makes less and less sense - 5 of the 8 ages are directed towards volatility calculation - fine enough, what is the purpose of tracking volatility? It talks about VCTIE - " automatic bot trading based on VLTY values"? Trading what exactly? Why will Volatitily coin even track the volatility in the market? Is the bitcoin collected used to hold/trade the coins? If not, how will it act as a share? What is backing the volatility coin other than "it should track".

Great questions you make here.

dev, can you answer these questions?

The first questions are ridiculous , its like if the member asking that din't read a word of ann first post so i will answer only last one. Remember that making spam is not permitted here.

Part of the coins will be used to trade in the beginning, but as time pases, as the whitepaper says, you will receive tx fees if you are running the bot, and to run it you need VLTY so the coin itself creates value because traders wanting to use volatility to trade will need to buy the coin.

Spam? really? Let me quote the op ann you asked to go through:

Quote

Volatility Coin index aims to be the new complement to the whole crypto coin ecosystem
as the Chicago Board Options Exchange Market Volatility Index for crypto currency market
and will try to measure the implied volatility in the top 20 crypto currencies by market cap in the next 10 days.

Volatility coin will reach high values in price if the market is having high volatility or when its crashing,
the measure of volatility will be in either direction including to the upside or downside. In other words,
when investors anticipate large upside or downside movements in the upcoming days, volatility coin will peak in value.

So index for tracking the volatility by an index makes sense but why will the coin reach high values because of volatility? I was confused even with the OP but waited for the whitepaper which is even more confusing.
But given the way you approached this question, you should be beyond reproach and not questioned at all.

the whitepaper answers those questions.. idt why op have to answer the same questions over and over.. next time first dont invest on things you dont understand if the case applies to you