This project has proven itself to me, and I have already profited quite a lot. But I was in from the beginning, and there is never any guarantee of future gains. Never invest more than you can afford to lose! I will tweet that phrase right now. I've been tweeting a lot about VIVA and it should be said that projects like this are a risk, as all cryptocurrency are.
Well as an early investor, your probably going to make some money from the chaos that an ICO brings these days. It will overvalue itself quickly in my opinion.
You certainly understand what you are doing. Just want to make sure others have some sense in this space.
VIVA has been selling Crowns for going on 6 months now and the price has never retracted, not even once. This is because the developers never sell one for cheaper than the last sale. Yet the market is open and crown holders are free to sell into it at any time.
I'd be very interested in why you believe it will over value itself. To our mind this is exactly the right way to do price discovery, because coins are sold one at a time at a fixed spread in gradually increasing increments.
If you know a better way to perform price discovery I'd be fascinated to know about it.
Keep in mind, we're trying our best to reduce the chaos an ICO brings, and instead channel that chaotic energy into making markets in other currencies in our exchange. Money is only worth what you can buy with it.
Crowns are not intended to be money, but instead are an indivisible digital asset that confers a certain specific set of rights and responsibilities upon the owner.
Almost no one buying in right now is doing so in hopes of selling on a moonshot. Most crownholders are engaged in drawing up business plans for their mints and this activity builds the ecosystem organically.
You see we try to strike the right balance between fiscal responsibility and social responsibility.
If you want to speculate, you should use VIVA Coin, not VIVA Crowns. VIVA Coin is designed to be a speculative instrument with a fixed range of motion. Like pistons in an engine.
VIVA Crowns on the other hand are designed to be a solid asset, something you hold for a lifetime and give to your children and grandchildren in order to secure their financial future as well.
We've got enough coins that want to go to the moon, so VIVA built a starship instead.
If you want to speculate, you should use VIVA Coin, not VIVA Crowns. VIVA Coin is designed to be a speculative instrument with a fixed range of motion. Like pistons in an engine.
This is a naïve view of cryptoeconomics if you ask me
This is a naïve view of cryptoeconomics if you ask me
It's been my experience that people who use the word naive in reference to other's knowledge of a given topic, are looking in the mirror when they say it.
Naive is one of those words that gets tossed around a lot when people don't know enough to form a solid opinion and they see something that is counter intuitive, but their mind is locked in an old or outmoded way of thinking.
"You're naive!", is the last dying gasp of the uncritically thinking mind before it opens to new concepts.
So instead of the ad hominem, how about we discuss your superior informed point of view.
Because I am in fact, asking you.
Actually read the whitepaper then tell us all about how this fails in your esteemed opinion please.
Or walk away and don't bother with the discussion, if you're refusing to contribute anything of value, because you're just trolling.
I strongly disagree with the VIVA economic parameters. They have created a complex system without a clear understanding of what exactly will happen when game theory is applied. I don't want a lecture on the meaning of naive, I happen to have experience in this area and am familiar with the project.
Each VIVA Crown Holder has one vote (regardless of the number of Crowns she may possess) in all of the important decisions that affect the VIVAconomy. No one has more influence.
This quote is a prime example of the misunderstandings regarding how decenteralized networks function. After my assessment, this project is not bringing anything worthwhile to the table. The ICO serves only to make some early investors some cash.
edit - I could be very wrong about the ICO intentions but looking at the economic parameters, I am not very confidant about the technology and economic theory behind their stable coins. Projects like MakerDAO and StabL offer much more compelling stable token projects.
"There will only be a maximum of 42,000 VIVA Crowns in circulation after the ICO, and this target will take hundreds of years to reach since only one Crown is created each week"
This FOMO attitude to an unproven project is dangerous, be careful.
https://steemit.com/cryptocurrency/@kyle.anderson/crypto-markets-are-exploding-can-the-market-keep-up-revisiting-a-note-of-consensus-in-this-time-of-cryptocurrency-chaos
I gave your post an UP vote.
This project has proven itself to me, and I have already profited quite a lot. But I was in from the beginning, and there is never any guarantee of future gains. Never invest more than you can afford to lose! I will tweet that phrase right now. I've been tweeting a lot about VIVA and it should be said that projects like this are a risk, as all cryptocurrency are.
EDIT: Done!
Well as an early investor, your probably going to make some money from the chaos that an ICO brings these days. It will overvalue itself quickly in my opinion.
You certainly understand what you are doing. Just want to make sure others have some sense in this space.
VIVA has been selling Crowns for going on 6 months now and the price has never retracted, not even once. This is because the developers never sell one for cheaper than the last sale. Yet the market is open and crown holders are free to sell into it at any time.
I'd be very interested in why you believe it will over value itself. To our mind this is exactly the right way to do price discovery, because coins are sold one at a time at a fixed spread in gradually increasing increments.
If you know a better way to perform price discovery I'd be fascinated to know about it.
Keep in mind, we're trying our best to reduce the chaos an ICO brings, and instead channel that chaotic energy into making markets in other currencies in our exchange. Money is only worth what you can buy with it.
Crowns are not intended to be money, but instead are an indivisible digital asset that confers a certain specific set of rights and responsibilities upon the owner.
Almost no one buying in right now is doing so in hopes of selling on a moonshot. Most crownholders are engaged in drawing up business plans for their mints and this activity builds the ecosystem organically.
You see we try to strike the right balance between fiscal responsibility and social responsibility.
If you want to speculate, you should use VIVA Coin, not VIVA Crowns. VIVA Coin is designed to be a speculative instrument with a fixed range of motion. Like pistons in an engine.
VIVA Crowns on the other hand are designed to be a solid asset, something you hold for a lifetime and give to your children and grandchildren in order to secure their financial future as well.
We've got enough coins that want to go to the moon, so VIVA built a starship instead.
This is a naïve view of cryptoeconomics if you ask me
It's been my experience that people who use the word naive in reference to other's knowledge of a given topic, are looking in the mirror when they say it.
Naive is one of those words that gets tossed around a lot when people don't know enough to form a solid opinion and they see something that is counter intuitive, but their mind is locked in an old or outmoded way of thinking.
"You're naive!", is the last dying gasp of the uncritically thinking mind before it opens to new concepts.
So instead of the ad hominem, how about we discuss your superior informed point of view.
Because I am in fact, asking you.
Actually read the whitepaper then tell us all about how this fails in your esteemed opinion please.
Or walk away and don't bother with the discussion, if you're refusing to contribute anything of value, because you're just trolling.
I strongly disagree with the VIVA economic parameters. They have created a complex system without a clear understanding of what exactly will happen when game theory is applied. I don't want a lecture on the meaning of naive, I happen to have experience in this area and am familiar with the project.
This quote is a prime example of the misunderstandings regarding how decenteralized networks function. After my assessment, this project is not bringing anything worthwhile to the table. The ICO serves only to make some early investors some cash.
edit - I could be very wrong about the ICO intentions but looking at the economic parameters, I am not very confidant about the technology and economic theory behind their stable coins. Projects like MakerDAO and StabL offer much more compelling stable token projects.
Disclaimer: I am just a bot trying to be helpful.
Hi @kyle.anderson - there IS a FOMO attitude because there will only be 6500 VIVA Crown available at ICO. Whitepapers page 41