Topic: Minexcoin - A new era of payments - page 1145. (Read 646769 times)

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But we do not want to put up with the fact that the crypto currencies will evolve in an evolutionary way first because it's very long. If the rate of Bitcoin distribution is maintained at the current level, Bitcoin will be accepted as a payment element, the equivalent of exchange value, and the means of accumulation on a global scale only by 2050.
The main problem on the way to the development of the Crypto-currency as a generally accepted cash is the high volatility of the crypto currency. This was repeatedly stated by the representatives of the IMF, the European Central Bank and many others. Also, the problem of the distribution of crypto-currency as a means of payment was discussed at the margins of the International Economic Forum in Davos and in 2016 and in 2017. Yes, high volatility made popular the crypto currency for use on stock exchanges, but also led to the fact that users of crypt currencies, according to our estimates, are stock speculators by 90%. This factor, we believe, does not allow for a revolutionary breakthrough of crypto currencies into the world economic system. Minexbank, with its interest rates for parking operations, in our opinion, can be an incentive that expands the circle of users due to the use of Minexcoin by medium-and long-term investors, at the first stage. The increase in the number of medium- and long-term investors in turn will stabilize the cost of Minexcoin and reduce its volatility, which will lead to a wide use of Minexcoin in settlement transactions. It is the wide use of crypto currency in settlement operations that will be the driver of the revolutionary spread of both Minexcoin and other crypto-currencies.

It is based on this statement, we found the difference in the growth rates of the number of participants who divided the consensus and the rate of quantitative growth of the crypto currency. We received the first targeting of Minexbank which expresses the growth of the cost of Minexcoin at the level of 33.6% per year. In our opinion, Minexcoin should be in the trend of the crypto currency world in order to possibly ensure, at a minimum, the evolutionary distribution of minexcoin as a means of payment.
This value will be used by the Minexbank during 2017 and may be changed depending on the development trends of cryptoeconomics in the future.
(look before)

What is this mars algo i try to find in net but nothing specific?

2. The basis for the circulation and distribution of real money is "centralism." In contrast to crypto money, which is based on the principle of "consensus" (Latin consensus - agreement, sympathy, unanimity). That is, we use fiat money because one person made such a decision and imposed it on other members of the society. And crypto money is used by those who divided the consensus. It is impossible to impose a crypto currency "from above". It can develop only within the community, whose members accept this crypto currency as a means of payment and the equivalent of value. Skeptics say that any crypto currency is a pyramid, because the price of bitcoin is growing. Strongly disagree with this statement. The main task of the crypto currency is to expand the circle of participants in this consensus. Just the circle of participants who have divided the consensus, grows faster and outstrips the pace of quantitative growth of the crypto currency. And this phenomenon in turn causes an increase in the cost of crypto currency.

1. Skeptics say that the problem of all crypto currency is that the Crypto currency, if we consider it in the role of money, has a significant disadvantage compared to conventional money. Crypto-currency, say skeptics, unsecured by gold or any other material assets, as well as for crypto-currencies are not worth the economies of states. Let me answer the skeptics: "The fact is that since the introduction of fiduciary money a lot of time has passed, and to date in no country in the world does not exist money secured by anything. The financial system of the world is based on fiat money (from the Latin fiat - a decree, a decree, "so be it") (Government also set the weight and metallic composition of coins. Later they replaced fiduciary paper money - promises to pay in gold or silver - With fiat paper money - that is, notes that are issued on the "fiat" of the sovereign government, are specified to be so many dollars, pounds, or yen, etc., and are legal tender but are not promises to pay something else. Milton Friedman. Encyclopaedia Britannica)
In fact, we use the money that was imposed on us by the principle "so be it" our governments. And phiatic money is not less virtual than crypto money. And the gold standard was officially canceled 40 years ago at the 1976 Jamaica Conference. In fact, we have been using virtual money for 40 years, simply from the habit of believing that they are something provided. So Bitcoin, Minexcoin, any other crypto currency is any different, in terms of asset security, from fiat money.

I would like to propose a discussion on the prospects for the development of minexcoin and the minex ecosystem. What are our assumptions about the possibility of widespread minexcoin as a global means of payment?

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good luck devs, will be a great project!

done for joining bounty campaign  good luck for your project dev!

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joined Minexcoin bounty campaign sir
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