I've been away for a while (since the big pump
) so please excuse my ignorance. I see a lot of progress is being made and the market looks oversold and so I'm on the sidelines again, but I have a question before jumping back in: Are the crave markets going to use crave or btc as the currency for purchasing stuff? Or both? Sorry if this is already answered somewhere obvious.
Could somebody answer this plz? I just want to know if btc or crave will be used as the currency on the markets. Thanks.
The Urge markets use Crave.
Perfect
, that's exactly what do I wanted to hear, the market will create an insane buying demand to crave.
Please consider the points in my full msg, I left it out.
I've been away for a while (since the big pump
) so please excuse my ignorance. I see a lot of progress is being made and the market looks oversold and so I'm on the sidelines again, but I have a question before jumping back in: Are the crave markets going to use crave or btc as the currency for purchasing stuff? Or both? Sorry if this is already answered somewhere obvious.
I am asking because, lets be real, nobody is going to use an altcoin on illicit markets.. They very well might use the markets themselves, but they will not use an altcoin for the transactions. For many reasons...
1) Decreased anonymity. Sure, this coin is more "anonymous" than bitcoin, but nothing is absolutely anonymous and since there are so few people who use it, it is actually waaaaaaay easier to keep track of everybody involved.
2) Volatility. Vendors and even customers cannot and will not tolerate the extreme volatility. Even bitcoin's volatility is a big problem for illicit vendors because they are not able to quickly liquidate their funds since they first have to launder them.
3) Liquidity (closely related to #2). Vendors need to be able to cash out without dumping the market to oblivion. Not as big an issue for customers because when they pump the price up buying, it just means they pay less crave when they purchase something with it (but this is just doubly screwing the vendor now because of the inflated value of crave).
Now, obviously all of these issues would diminish as adoption increases. But even bitcoin hasn't completely achieved this.
For the above reasons, if the markets are to actually be functional and not just proof-of-concept, I think it would be best if BTC were used within the markets. Or at least for it to be an option. If that's even possible? Or will it simply be up to the people who run the markets?
Again, sorry if these questions have already been answered ad nauseam.
I really think if these markets are to be functional they need to use btc, at least at first.