Do you have a whitepaper where i can read everything about the bank nodes, requirements how long it needs to be held what your trying to achieve thanks. my previous comments were based on what i read in thread i do still think i am right but like to be sure
Ah, not my forte. I have been asking community members to put together information, i have posted bounties and done all i can manage.
I can give you a short version, but tbh i'd rather a more experienced writer do a full write up.
So....
The premise is simple.... we now have tons of currencies, but no real financial tools and services. This is a huge gap that needs filling and i have decided to step up to the task and try making it a reality.
My goals in succession were as follows
1) Create a viable currency as a base currency for all transactions.
2) Integrate financial services and tools one at a time to meet industry demands
3) Introduce a consensus system that governs Blockchain Financial Institutions by way of democratic vote
4) Implement an Asset issuing facility on the blockchain that runs concurrently with BCR... meaning that people can issue stocks in their companies/ventures/banks right on the blockchain and transfer them as required.
5) Create a incubator for ideas, internal and external whose profits are brought into the BCR ecosphere thereby proving funding, profit and enterprise for all participants.
there was a white paper, an abject failure because my ideas evolve daily and it just could not get across ideas I want to express.
ok i give my response based on what i know. correct me if i'm wrong.
your coin profits are more built on cutting supply thus pushing the price thus giving good returns. i am not sure if its true but you said youl need to hold nodes for 6 months. say someone has bought 250k nodes now coming to end of 6 months those shares are now worth 10k sats each. making it worth 25btc. that would mean 25btc dump coming. say they go to 100k making them worth 250btc. it can only go as high as a person is willing to pay it. now if someone buys 250k worth at 10k sats he would want to make a reasonable amount back weekly which is calculated to be 0.10-0.20btc right. now would that be worth it no. but you say supply will be cut and price will go high so profit is in the price moving higher if it doesn't no point.
now if price does move higher ofcourse those that hold will have higher stake but when that 6 months is over you have a huge amount to be dumped thus my reason for this not working as the price will stop climbing and then no one would want to be a node as the profit is to be made in the price movement.
before anyone says i am fudding, i am not. i am trying to understand the business model and hope it clears up for me.
