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RE: Introduction to VIVA : A Price Stable Crypto Currency with Basic Income (that's not Hypothetical)
remeember the NBT experiment that failed at some point
remeember the NBT experiment that failed at some point
Agreed and I do shamelessly borrow some concepts from there because they had some good ideas.
Where they really fell down was the same place all cryptocurrencies fail. They think they can keep printing cash without restrictions.
With VIVA it is possible to mint negative amounts of cash, eliminating coin from the ecosystem entirely and contracting supplies, which buoys prices. In addition to that ,the liquidity pool is designed to keep the bulk of funds off the market and pay a daily dividend instead. Unlike many other coins, we have direct fiat gateways as business enterprises running on the platform. (The company we work with is licensed to issue debit cards and also process credit card payments)
So coins don't have to land on the market nearly as often and when they do, they are mostly in the hands of large players.
Businesses absorb these costs as a cost of doing business, but to get businesses to accept that, you have to make a compelling argument to the business that you are a vital part of their infrastructure. By giving businesses a say in the coin fundamentals and allowing them to leverage the entire infrastructure on demand as a profit center MOST of the time, they are incentivized to continue with us and this drives the cycle that the engine relies upon.
So yes we learned lessons from watching NBT.
ah yeah, just NBT was worth mentioning since they were "on it" and failed pretty much.
project looks really good!
Yeah thanks!
By asking the question you helped me put something to words I was having trouble figuring out how to explain.
I've read VIVA's whitenovel (since I edited it) and it is amazing how it all works together. VIVA is truly revolutionary. It already has a few important business lined up to push the flow of coin.
Thank you for that by the way! You did a great job on it. Just one more pass and I think it'll be ready for primetime.
My wife edits like no one on earth. Took me 12 days of continuous writing to get the whitenovel to where I felt it could be consumed by a human in a single dedicated sitting. She had it fully edited and returned to me in about 8 hrs.
Congratulations on having one of the best support systems in the world. Thanks goes to your wife as well as you.