Sitting here thinking about this... has set me off, it is tirade time and school some of these idiots and their CEO.
Josh you clearly have no clue of how business works.
There is a series of reasons why BTC is not being accepted by big merchants (perhaps one day it will) much less some pathetic made up fictional coin he is pumping up. Give us a reason why Big Vendors or anyone else will use your CRAPTOcoin, over BTC. You know why?
Here we go it is education time for you. Overstock is the only big vendor even trying to make BTC work,
perhaps a few are running back room experiments but at this moment in time the big guys are sitting on the side lines is for these reasons. Josh do you have a clue of how Overstock is trying to make BTC a more acceptable payment system? I do... so be cautious with your answer.
Do you know of the volatility factors, that are of great concern to the fortune 1000 venders? Like Yesterday BTC rose 20 points during the course of the business day. A few days before that it was dropping numerous points. So Josh explain to us how your coin can reduce the volatility factor and give these Vendors a reason to use your coin.
For fuck sake... if you have a fortune 1000 company accepting crypto currency they cannot operate with that volatility. Lets say a company is doing 1000 BTC a day in sales. How do you price the items you are selling? On minute BTC is at $322 and the next BTC is at $334. How do you decide what price to charge a customer? Will the customer be willing to pay the price asked with these volatile swings? But lets say no matter that aspect of it, the retailer still does 1000 BTC a day of commerce. Do they book the exchange on a by minute, by hour or by day rate? Can you imagine the computing power it would take to keep up with the volatility and re adjusting the price constantly?
For all you know the price could change before you could check out... and think you have been over charged and then argue with the clerk or manager, demanding a refund... thus tying up the work force. Then exactly how do you "do a refund" if the price has moved during the arguement?
Ok Josh you are a CEO you should understand this... so how can a retailer
book the days revs with the movements in constant motion... one hour you are at a profit, the next you are at a loss. This is an accounting nightmare.
THIS IS ONE OF THE MAIN PROBLEMS with big retailers accepting crypto.
Especially YOUR CRAPTO coin. Will your CRAPTO Coin the volatility exposure to the users of your Crapto coin?
What legitimate reason would a fortune 1000 Company have to use your Crapto coin? They dont care about the technology... they dont care about speed and one thing for fucking sure if you dont have the answers to this they damned sure wont choose your Crapto coin over BTC which is far ahead in this area of ECONOMIC concern.
Ok Mr. CEO answer that then we can move along to the next elephant in your CRAPTOcoin...