How does the value of this coin increase? What is this coin actually used for other than raising funds to pay themselves to develop the Stratis platform?
Can anyone explain why this coin will be worth more tomorrow. As I understand it this is an open source project and the chain this coin is on is just a bitcoin clone incorporating none of the technology that is said to be developed.
Once this is finished
https://github.com/stratisproject/StratisBitcoinFullNode what is the purpose of this coin? It's obvious that this coin was merely a vehicle to raise funds and now is just like any other coin that people speculate on. Even a completed project brings no actual value or use for this coin. If it does please explain how.
Scam_exposer. I answered those questions the last time you asked. You never replied, and now you ask the same questions again. It makes me think you're either too lazy to read the replies people write, too sure 99.99999% of icos are scams making you not even bother to read the replies, or you're too incompetent to understand the content of the replies.
Don't take this wrong. I really believe you're offering value to the crypto world by exposing scams, and I really appreciate that. However it's kinda pathetic when I come with legitimate replies to your questions, inviting you to a discourse we both can learn from, but then you just go silent and come back three weeks later regurgitating the same stuff while whining over people not giving you legitimate answers. Really.
Anyways, below is the quote of the replies I gave to the similar questions you asked the last time you were here. The replies are quoted from the unofficial Stratis AMA on reddit.
Btw. I'm fully open to the fact that you might think the solution Stratis will utilize to create value for its investors might not work, and that businesses might rather copy the source code without using the Stratis sidechains and its services. Time will tell. That is not my point however. My point is that it's quite dishonest of you to say that nobody gives you legitimate replies when the opposite is true. So while I love your fight for honesty in the way you are exposing scams, I would appreciate if you applied that honesty here too.
So feel free to come with constructive criticism on the stuff below. We're all here to learn, and you're a great asset in the crypto community, so your viewpoint would be highly valued.
Who cares? This is going to be open source. Why would any entity use anything related to this coin? They'll fork it and use it in house if they decide to implement the technology.
Here's a quote regarding that question from the unofficial Stratis AMA on reddit:
“The first principle of Stratis is to make things easier on the business customers that they are targeting. So, if you are a company who decides they need a blockchain, or a blockchain app, you may not know anything about how to securely set up a blockchain, or what coin software to clone. Furthermore, you may have no idea what to do if there is a bug in your blockchain code. So you have a barrier to entry: you need to find and hire blockchain developers. Because this is a new field, you are going to have difficulty finding developers who are experienced in blockchain development in your area, and the ones you do find may be very expensive to hire. However, you probably as a company have some general c# developers that can understand basic bank account style operations - checking balance, sending money, receiving money.
Now, once you have chosen your blockchain software, you have to set up servers that run the software, and if they are insecure, someone could mess with your blockchain. If you build a blockchain that is mission critical, say a decentralized clearing house between two fintech companies, then this could have economic consequences if your blockchain setup has a security problem.
So given these risks and costs, it is appealing to have a product that promises to be secure and easy. Now you just pay some money and the blockchain is created for you with Stratis, and your developers can focus on building the application that uses the blockchain.
And yes, if you use Stratis, you'll have some example code that does some things that you need, and whenever Stratis releases new features, your sidechain will be able to pull those code changes in. So you let Stratis worry about developing new chain features and security of the blockchain, and you focus on your apps.”
How is there any value gained from this coin?
Again I quote a reply from the AMA which answers a question similar to yours:
"The main purpose of Stratis is to make it easy for businesses to use the blockchain. The plan for this is to (1) use C# language, which is dominant in businesses, instead of c++ like bitcoin (2) make it so that businesses don't have to handle the details of setting up a blockchain because they can do it on a simple website (3) provide consultancy support, so that businesses have experts to turn to for help.
When they are successful at getting businesses to use the platform, the business will need to purchase Stratis to give value to the side chains that they want to create.
So right now there is a total of around 98 million Stratis in circulation. If a company wants to have a side chain with 1 million tokens on it, they need to have 1 million Stratis, they lock it, and these tokens are moved to the side chain. If the side chain remains running permanently, these tokens will be out of circulation permanently.
So, the point I am making is that the more businesses that create side chains, the less stratis there will be in circulation, which would create a scarcity effect.
This might result in a situation where every time a new business deal with Stratis and a new company is announced, the price of Stratis spikes in expectation of increased scarcity.
If you consider where the money is, alt coin investors is a small amount of money, but business deals can be a large amount of money, measuring in millions of dollars for technology based solutions."
If you want to read more from the AMA here is the link:
https://www.reddit.com/r/stratisplatform/comments/5fdmr4/ama_stratis_questions_and_answers_about_stratis/
