Topic: Euphoria X13 asset backed Buy research chemicals WEBSTORE LIVE - page 32. (Read 97070 times)

And?

Who cares honestly what you call it when people understand and atm its not a chain of RC webshops accepting it but the very one which the dev runs.

There isn't even any marketing or PR material where it would count, only the crypto community.

Please comment on my whole answer because, what you are doing is pointless.

so it is no real peg (which is my whole point)

No one cares on the bubbles here honestly, because the basic idea behind the coin is to use it for purchasing goods on the webshop.

You simply forget this in every single comment you make.

The peg will move up and down accordingly to be always benefical for EUPH buyers over USD buyers.

Please stop selling analytical services.

Basic idea behind coins like these were never holding (except at the start for very early adopters and miners), these are methods of payment. If you have benefits in paying with a certain currency, you buy it in exchange for BTC and pay for the product. END

Who cares on what bubble or bottom point you are when there is a benefit for the buyer and he/she isn't holding?

You don't say?

Such analysis.

I'd replace the word 'peg' with something like 'security'/'floating peg'

and replace 'asset backed' with 'underpinned by assets'

(to keep it real and honest and not misleading / avoid breaking promises)
 

all in all: if this could survive longterm there is potential to build a small economy

It is intreresting because they likely have the margins to actually make it logistically possible. In theory, it would also function as a coupon and an advertisement in a way, so they could get more shoppers. I am just interested in it speculatively myself, and in that regard alone I think there is a lot of potential.

now what? Offer "peg" well below exchange rate for the start until first hype fades out at least. And maybe correct the "asset-backed" thing and "peg" since it likely will turn out not to be that.

If you do that, maybe it can survive longterm as a niche currency for these chem retailers.

you're repeating yourself 
ok we got what are you trying to say
now what ?

nobody seems to have done the homework on the very commen speculative bubbles and how they tend to go down.  

as long as no bubble occures you'll be all fine but if occures you're likely pancake after the pop. Offering "peg" above exchange rate is just helping to build a bubble.

As long as they send you the product in exchange for your EUPH its not a scam.

They are fixed to the USD price -30% or whatever if you pay in EUPH.

Doesn't matter at what price you buy your EUPH if you want to buy products, and thats the whole aim of the currency.

a peg above exchange rate will lead to an even more fatal speculative bubble and will end in tears for sure. It will be hard enough to maintain a peg below exchange rate because of all the speculation/volatility/fluctuations in demand. (all longterm thinking - if you're only shortterm a lot can work)

I'd really more tend to call it 'pseudo-peg' to be frank since it is already clear it will remain floating forever.

I think: a real peg neutralises the open and free market - and a pseudo-peg is neutralised by the open market in return.

You can't have a real peg and a meaningful free market at the same time

(only my 2 satoshi of course)

you're doing great super dev, always active and ready to answer all questions 
 

No problem, you are totally entitled to your view. We can agree to disagree it doesn't have to be acrimonious. You will notice I haven't moderated this thread (which maybe I will regret) because I want transparency. We are not asking anyone for anything here it is a free choice to buy or not buy and use or not use the coin for its intended purpose. People are receiving their orders and getting their stuff in a timely manner. We can do no more than present our concept and do our best to make it work.

All this doesnt solve the critical problem. You cant sell a single coin of your premine as long as the peg is above market price. And that is what you said you will do and where this discussion started.

If you presented your concept and guaranteed a minimum price via your webshop, I wouldnt be that critical. The promise of a rising peg (which you cant keep) makes this look super scammy, sorry.

exactly. You will have to go through the first speculative bubble and then survive the sharp drop in demand after that . Once the system has settled after that (very likely around your peg-price  - if you manage to uphold it) you can bring in competing merchants but your peg would remain float since demand constantly changes especially once new retailers come in. A second speculative bubble can then be expected - the game begins again. Always sharp rise and drop in demand.
Bottom line: the peg remains floating

question arises: if the peg is floating forever, can it be called a peg or is it not just an exchange rate? Can it really be called 'asset backed'?

I am watching this for sure  

agree, this is why we have a floating peg in these early stages. Unlike URO we are already fulfilling and sending orders on a daily basis, we can use our margins and premine to mitigate the volatility for purchasers for the long term stability but in reality the coin is only a week old.

We fully intend to have a final value of product v asset, but at this stage we would just go bust if we did that.

We need some kind of history and stability before we can really pin it down hard. At the moment we are still in POW and we are about to hit the final big blocks.

if you want success longterm your enemies are hype (speculative bubbles) and too high complexity (too many merchants) before the system has settled from said initial speculation. That's what i think.

i think there is a great possibility you will have to sacrifice the peg later to other things. To uphold the peg will be extraordinary difficult in the long run as there will be great fluctuations in the demand for the coin.

It'll be interesting to see what happens once the demand drops off (it certainly does at a later point; speculators you know)

sorry just to add. The retailers we are talking to will not expect to get full fiat value in euph. Their margins on product are already very good and if they can reach new customer base by taking less for their product but still make profit they will.

Sure. Of course the euph will be sold on exchange by retailers but there is always sells and buys. As long as the amount of people who want to buy chems is increasing not decreasing, once POW is finished buy support will out strip sell support. One of the advantages of having an industry specific coin like this over bitcoin is that demand can outstrip supply a lot easier. People need to purchase euph to purchase the chems. Most chems retailers don't accept credit / debit cards and use WU moneypaks or bank transfer. Euph will make it much quicker and easier to purchase your chems.

If adoption goes as we hope it will then buy support should be good. We need to get POW finished before we can get any sense of stability here but once that is done I believe we can get buy support to be strong. A lot of people in crypto are into chemical research and the market is a natural fit. The broader we can get merchants to accept chems then the better buy support will be, so although merchants will be selling on exchange people will also be buying.

Believe it or not there are quite a few chems retailers on this site already, bitcoin is popular in the chems business and we have had contact from quite a few on here alone who are interested in getting involved in the project.

i would recommend to ensure a chance for success to get other retailers not in on it before a certain time has past (initial speculation). If you want this to survive make it with one shop at first and put others into the system months later because that ads a lot complexity. Also do not hype this. Hype will kill it 

With the peg (if it is real and genuine/legit) you basically protect the investors from downward abyss but also put a ceiling on the price kind of.