Quote from: xov on March 19, 2018, 04:08:03 PM

There is a lot of talk about 'centralised' and 'bank' etc. Everyone gets scared when these words are used. People who buy into the blockchain are usually anti-bank and anti-centralisation. We do not disagree with you. What people fail to understand with XOV is that we are not your traditional bank. Firstly, the XOV Bank will create its own decentralised currency. This currency will operate like every other cryptocurrency in the market except it's stability will be controlled. This means that when you hold 1,000 XOV and it's value is $100 for an example, the next day it's not going to be worth $50 or $10 when you wake up. A lot of people who support the blockchain are fed up of the extreme volatility. Yes, we all want a currency that's not controlled by Governments and Banks, but we also want it to hold its value and to be safe. XOV acts like a Bank in that we will provide an infrastructure where you can hold your crypto-assets that will keep it safe and hold its value overnight. We will also allow people to invest it in return for fixed interest. The coins will still be in your control, but you will place them in a stable blockchain infrastructure. All the XOV centralisation will be around how to manage this stable infrastructure using a combination of AI and human intelligence.

In essence XOV is going to control the prize of only the tokens they hold and the ones users sent to the platform. The prize of the rest of the tokens being held and traded by people are still going determined by the prevailing market exchange rate? Does it mean that the token will only be traded in your platform? I don't seem to get how you plan to control and stabilize the prize of the token.

After being scammed recently of my hard earned money, the next thing that came to my mind was how to get the scammer. I can see my coins and the rest of other victims moving from one account to the other but do not know how to get them back. I think we really need regulation of some sort.

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