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RE: Please don't change Bitcoin, you'll break it!
I like the HERO idea and have a small amount, but have a BIG question!
When you say:
"The Hero is your medium of exchange."
I understand the meaning of the statement, but have yet to see any information on how or where the HERO can or willl be used "like cash".
Are there plans to develop an app for users and merchants? Is there a network like impak claims with "400 businesses ready to accept the impak coin"?
Ultimately, what's the incentive for people to actually use HERO widespread?
Thanks!
The hero will probably start out as a safe haven for stashing your money when you want to take your eyes off the market for a while - or to sit on the sidelines during a secular decline. Eventually, it will be used as a savings account like my boyhood passbook account that paid 5% in the sixties. It still didn't stop me from tapping that account for a new bike. Once people learn that their savings account is also a checking account that can pay anyone in the world in three seconds - it will become a "medium of exchange". Offramps like remittio.com will let you spend it with your debit card - just like cash. Blockpay is a mobile wallet that will, no doubt, support it as it gains traction.
Hopefully, the HERO marketing will include usage explanations so everyday people like me can have a reason to get on board.
Thanks for clearing this up!
Hi @stan, Blockpay looks amazing! But how safe is the Blockpay POS? Is there any need for cold storage?