Topic: 🌟🌟🌟🌟🌟🌟 Buy Chrono.tech TIME on KuCoin.com! 🌟🌟🌟🌟🌟🌟 - page 304. (Read 453785 times)

It seems to me that it's very boring to sit at home for Krypt, he flooded all our topics with ridiculous FUD attempts

I wish I had the same amount of spare time to waste!

The 400,00 Edway workers are the existing user-base. Again, you seem fixated on payment processing. You do realize there is a whole hell of a lot more code to test than payment processing, right? So, how about a valid reason why an existing user-base cannot test the platform?

Again, I advise trying another angle for the fear, uncertainty, and doubt attempt. You're currently pissing into the wind, and that is why no one is standing with you.

We discussed not just "existing user-base" but 400,000 Edway's workers, as they are referenced by ICORating.
To test Chronobank system = use LH tokens, as a heart of the system.
And I have already provided the reason why the workers can't test the LHT:

It's kind of odd you say you don't ask the same questions over and over again, then you close your post with...the same question you've now asked 3 times, and been answered on 3 times.

Chronobank is not just a payment processing system with 0 other moving parts. Many many things will need testing over the coming months. None of them will require any testers at all to pay money for the privilege of testing!

So let's try a different angle. Why don't you provide a single valid reason why an existing user-base cannot be utilized to test things.

It is not. Two times I asked you the same question:
https://bitcointalksearch.org/topic/m.17098265
https://bitcointalksearch.org/topic/m.17108284
Please point me to your response.

Please show my previous question (and your answer) about ICORating's report.


So how 400,000 or 400 Edway's workers can test the Chronobank system?

Most of the final translations will be done by end of day, a few will need some extra time to be completed. We will keep everyone updated on those.

i Hope the link https://chronobank.io/files/business_outline.pdf
is posted in the first post of this thread , and well visible .
i could have invested a lot more if i could have read it before...
still i hope translations are ready , i think the time limit was today.

i found this review highly interesting i don't know where all this info are taken but very accurate description a good investor prospect : https://www.smithandcrown.com/participate-chronobank-crowdsale/

i am do not forget for added in spreadsheet
thanks for your info

Hi, Krypt! Nice to see you back again.

So let's start again from the very beginning: Chronobank Entity is CBE, this is basically who we are in the model. Right? Who then are the customers of this CBE? The customers of CBE and Chronobank system in general are those who issue LHT (LOCs and after LaborX standalone workers e.g. freelancers), those who provide labor demand (LOC customers and any customers at LaborX upon its launch), and those who use LH tokens as a currency (all LaborX users, traders, and any local users - like any worker of one of the company mentioned above who accepted to get his/her salary partially/fully in LH tokens as a part of corporate local currency system). Does this include e.g. Edway? This is definitely true. Anyways, you see this as a moral hazard while other reviewers see this as a better chance for a bootstrap and thus to deliver faster and more efficiently.

For what I know from following your previous comments, the major risk you see in the system is that customers of LOCs will not be interested in using the system because they don't want to pay in advance (like in a month). However, the major problem in a short-term labor market (where all this happens) is that the price of LOCs' services today is much bigger than it could be while being mainly derived from short-term bank loans and interest.

If we use Chronobank model, we basically eliminate these loans, interest, and thus huge prices by using timebanking for solving liquidity problem. This approach has been extensively tested for like 200 years or so by quite a few initiatives, the most famous of them today is Ithaka hours (described specifically in our devplan: https://chronobank.io/files/business_outline.pdf). We believe (and we actually consulted with our partners both LOCs and their current customers) this type of local currency based on timebanking will resolve the current market inefficiency that costs all of the counterparties too much (except banks, lol) and they will be able to set different prices. You should understand that initial participants already contract each other and know each other, so it's easier.

Another issue is the gap between the time when LH tokens to be issued and the time when they are to be redeemed. We agreed with our partners that initially they will buy LHT right when tokens will be issued. However, in order for the system to grow and to become valuable for all the counterparties we will need to provide an additional demand for LHTs. This is to be resolved in three ways: make LHT a stable-coin, create corporate wage/bonus projects using LHT, use LHT as LaborX's internal currency. This will make the whole system ridiculously cheaper than using banks. If you think this is impossible, you should read more on local currencies, timebanking, and actually Bitcoin.

It looks like you have got responses to all your questions in the Russian thread like 5 times already. Yet you ask the same questions all over again. I assume you aim to spread FUD just for lulz. Thank you for your precious time.


It's about Labour Hour tokens. It's different than bitcoin as it is backed by obligations to provide some labour or to buy them back from you.


Yep. I hope you didn't forget to apply here:

Thanks!

That is interesting , The Token that will be traded is TIME , with no fixed wall buy will indeed decrease and increase how the big holders will see fit but the tokens exist in a limited number , and can't be produced
from thin air after the Chronobank starts . So can go high if the investors are pleased as always happens.
The Wallets are being readied .

 LH has a fixed price and will be traded too on exchanges ?

Just found more infos about ChronoBank, like idea, looks promising. Also nice connection with Waves Platform.

Wow, this project must be a very big one in this year. CEO of chronobank project will join the biggest Blockchain Summit 2017. This news will cause a huge impression with big investors on Blockchain Summit 2017. I can say that this is the best project worth investing in 2017. I will follow this project.

TIME price will increase / decrease

LH price will be stable (in relevant currency)

Chronobank Joins Blockchain Summit 2017

Chronobank CEO Sergei Sergienko will be one of the key speakers at this event

I followed the bounty cronobank newsletter almost a month since the launch cronobank, would be rewarded only 1 time?

LH token price will increase / decrease after listing in exchanger just like bitcoin ?

So we can find part-time and full-time jobs on ChronoBank and get paid in bitcoin? 

Strange ...  Could you please elaborate a bit, how 400,000 workers (or even 400) can test the Chronobank system?  According to Whitepaper they receive a $$ (not LHT) from LOC. And even LH debet cards is a VISA/Mastercard (i.e. fiat) card. So there are no changes for workers at all, nothing to test.


Yes, LOC (labor offering companies) provide labor for another companies - employers. But how they find an employers (companies) which agree to pay for work upfront (before their work is done)?

New article from @newsbtc:

HERE