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RE: Our Take On VIVA & The VIVAconomy
This is a very good analyses and review!
What I see as positive aspects of the story of VIVA:
- Extra efforts to launch low volatile currency >> required for everyday use in the mix of users local fiat currency dominated economies >> reality will need to show if they can live up to their wishes and claims
- Applications and services with businesses in mind: Key aspect to get the business community to onboard, they even speak (as far as I remember) of letting businesses paying in not only VIVA coins but also fiat; I agree to such approach and I actually think that businesses do want to invest fiat (not only in coins but also in the ability to use a service) when the service is good
What brought me a bit of garde are:
- India URL extension
- Mexico trial ATMs
- US based management
I do not understand this combination, especially the India URL extension.
- They have a LOT of engineering work to do to make all what they claim happen incl require a LOT of money (also in fiat to pay for all of this); Can they make this happen?
- They need a LOT of (fiat) money to be able to afford rolling out the 1.000 ATM worldwide
- It is not sure who the 'credible Mastercard' company/bank is they claim to have deal with
But I do like their approach, since their approach is not revolutionising the world we live in, but try to build a bridge between Cryptoland and our fiat dominated world with the understanding, businesses can fund much better than the investor and the everyday user; ie they try to mix the fiat world with the new Cryptoworld and in my view understand this requires businesses.
Think viva coin (co.in) it's kitchsy but it's surprisingly expensive to find viva.anything domains.
.in was only like $30 USD per year IIRC
We do have viva.cash rolling out and that will be our primary gateway that most people coming into the ecosystem will see as we roll out cashstations globally.
Nice list of positives and negatives, thanks! I assume the .in URL extension is so the URL reads as vivacoin.
^^^ THIS
Could be indeed, but still, I would not have used the India extension! but use the coin extension that I think is available. maybe viva.coin was not available though.
very true !
Yes engineering and a whole patch of stuff that may not work all that well, but at least there's been some work and a lot of thought put into it. I also like the bridging aspect of it, and could very well work for the unbanked, undocumented, etc.
For sure VIVA people did good work into creating the concept, and Tradeqwik looks pretty ok as well.
#shitcoin now as I just heard