What is the platform for security here? In the future we can trust this project or not?
One day, every company and brand will create its own cryptocurrency. To do the shopping and access prices or special products we will own the coins of that supermarket. Important brands already have their own cryptocurrency, nations have released their own digital currency, such as Venezuela, China, and Singapore. If this is the situation in 2018, how can we believe it is only a passing phenomenon? Cryptocurrencies are the present and future of money, and growth in the number of coins created will be exponential, fast, inevitable. But the market always has a limit, a maximum quantity beyond which one cannot go. When that moment is reached, it will mean the disappearance of most cryptocurrencies. A cryptocurrency needs people, users, but at some point there will be so many that there will not be enough people in the world, there will not be enough wealth. A saturated market means only one thing: the explosion of the bubble. When the bubble explodes, millions of dollars invested by people all over the world will be lost. Not all cryptocurrencies can be saved, a choice is required. Surviving will be the cryptocurrencies chosen and used by a multitude of people. It will no longer be a matter of exchanging, speculating on its growth, but considering that particular currency a useful tool every day. So purchase, or sporadic use, is not enough: what determines the success and failure of a cryptocurrency is its adoption. It is in the process of adoption that a currency passes from an abstract concept of money to a concrete, real, usable currency.
The day when the bubble bursts, cryptocurrencies that have not built a community of adopters or that has not become a forced currency, imposed by a government, will continue to exist. At the same time, a cryptocurrency that has been able to build a strong community of support, will not suffer any negative effects from the bubble bursting. It will emerge as a stable and secure cryptocurrency, and the demand for it, as well as its value, will grow exponentially.
For this reason, Liracoin has been a community-led project since its inception, an autonomous decentralized organization.
In a wave of thousands of cryptocurrencies, Liracoin has a chance to last over time, thanks to its community. A cryptocurrency is no longer just an investment, or a job, but an instrument of everyday life.
The community is a decisive element in the success of the project and of each member. Over time we will grow in value and we will update on the tencological aspect of our system. Today we want to focus on the community to guaranty a future to Liracoin. The heart of Liracoin is its community, because a common will generates a indestructible power.
The future of LIC will certainly show highs and lows with regard to prices, but the important thing is that the value should constantly point upwards, without damaging drops.
Liracoin has been created in such a manner that there can be no significant fall in price.
To explain this, let's examine why prices drop.
The value of digital currencies constantly fluctuate because they are bought and sold every day by hundreds, thousands or even millions of people who exchange them with other currencies, for speculation or to use them for purchasing.
A problem arises when large quantities of coins are sold by, what we call, whales. Whales are dangerous because, with a single sale, they can strongly influence prices.
This leads to a dramatic price collapse, a panic sale, and bankruptcy risk to the currency. To combat this risk, Liracoin does not release large quantities of coins that can be purchased via exchange in a single moment, allowing for organic growth of the money market without risking dangerous price collapses.
Please, explain better what your question about security means and we will be happy to answer you!
In Liracoin's white paper you can find all the information you need - it can be downloaded from liracoin.com, and check us on
github.com/liracoinad/liracoin.