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.
Good thoughtful questions...
ICM:
1) What's your response to people saying Crave has no
innovation and is just a copy paste thrown together?
- The only issue I see now with Crave is the annonymous part.
2) How do we mix our Crave? Blur I understand is an asset so it's not
anon cash like Dark was...can you help me understand?
3) How exactly will users create the market?
4) will it be full accesable In wallet? ..if so how will users choose what Crave markets to browse to?
5) will the market be built on Satoshis blockchain or something else? What features make it decentralized?
The real NEED here is a decentralized market that works. So nothing like the evoloution scam happens.
@
ICM
*I am holding off on all investments until I can gain more clarity
****I now have my trigger finger on 146 BTC for the first truely decentralized marketplace. Let the best dev deliver
These questions are valid and should be addressed by the dev when he has some time.