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Franky2010
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January 10, 2017, 02:15:11 PM |
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Just found more infos about ChronoBank, like idea, looks promising. Also nice connection with Waves Platform.
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mamamae
Legendary
 Offline
Activity: 1188
Merit: 1001
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January 10, 2017, 02:44:15 PM |
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That is interesting , The Token that will be traded is TIME , with no fixed wall buy will indeed decrease and increase how the big holders will see fit but the tokens exist in a limited number , and can't be produced from thin air after the Chronobank starts . So can go high if the investors are pleased as always happens. The Wallets are being readied . LH has a fixed price and will be traded too on exchanges ? LH token price will increase / decrease after listing in exchanger just like bitcoin ?
TIME price will increase / decrease LH price will be stable (in relevant currency) |
reality ? you fell to Scammers after being in an ICO , IPO
(more like any other stock and index in the world ICO or not got your portfolio down 25 % or 85 %)
Now SEC is helping you getting back up your lost money maybe....
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Chronobank Support
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January 10, 2017, 02:52:11 PM |
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ICOrating was referring to having the ability to test on the existing 400,000 users, without having to get into consumers services to get people outside the system to test. This is a big bonus for any start-up project, to already have a large user-base in place to test with. Strange ... Could you please elaborate a bit, how 400,000 workers (or even 400) can test the Chronobank system? According to Whitepaper they receive a $$ (not LHT) from LOC. And even LH debet cards is a VISA/Mastercard (i.e. fiat) card. So there are no changes for workers at all, nothing to test. Labor hire companies provide labor for employers, they are the ones who sign up initially, they are the ones who agree to issue LH tokens, not individual employers. Yes, LOC (labor offering companies) provide labor for another companies - employers. But how they find an employers (companies) which agree to pay for work upfront (before their work is done)? Hi, Krypt! Nice to see you back again. So let's start again from the very beginning: Chronobank Entity is CBE, this is basically who we are in the model. Right? Who then are the customers of this CBE? The customers of CBE and Chronobank system in general are those who issue LHT (LOCs and after LaborX standalone workers e.g. freelancers), those who provide labor demand (LOC customers and any customers at LaborX upon its launch), and those who use LH tokens as a currency (all LaborX users, traders, and any local users - like any worker of one of the company mentioned above who accepted to get his/her salary partially/fully in LH tokens as a part of corporate local currency system). Does this include e.g. Edway? This is definitely true. Anyways, you see this as a moral hazard while other reviewers see this as a better chance for a bootstrap and thus to deliver faster and more efficiently. For what I know from following your previous comments, the major risk you see in the system is that customers of LOCs will not be interested in using the system because they don't want to pay in advance (like in a month). However, the major problem in a short-term labor market (where all this happens) is that the price of LOCs' services today is much bigger than it could be while being mainly derived from short-term bank loans and interest. If we use Chronobank model, we basically eliminate these loans, interest, and thus huge prices by using timebanking for solving liquidity problem. This approach has been extensively tested for like 200 years or so by quite a few initiatives, the most famous of them today is Ithaka hours (described specifically in our devplan: https://chronobank.io/files/business_outline.pdf). We believe (and we actually consulted with our partners both LOCs and their current customers) this type of local currency based on timebanking will resolve the current market inefficiency that costs all of the counterparties too much (except banks, lol) and they will be able to set different prices. You should understand that initial participants already contract each other and know each other, so it's easier. Another issue is the gap between the time when LH tokens to be issued and the time when they are to be redeemed. We agreed with our partners that initially they will buy LHT right when tokens will be issued. However, in order for the system to grow and to become valuable for all the counterparties we will need to provide an additional demand for LHTs. This is to be resolved in three ways: make LHT a stable-coin, create corporate wage/bonus projects using LHT, use LHT as LaborX's internal currency. This will make the whole system ridiculously cheaper than using banks. If you think this is impossible, you should read more on local currencies, timebanking, and actually Bitcoin. It looks like you have got responses to all your questions in the Russian thread like 5 times already. Yet you ask the same questions all over again. I assume you aim to spread FUD just for lulz. Thank you for your precious time. So we can find part-time and full-time jobs on ChronoBank and get paid in bitcoin?  It's about Labour Hour tokens. It's different than bitcoin as it is backed by obligations to provide some labour or to buy them back from you. I followed the bounty cronobank newsletter almost a month since the launch cronobank, would be rewarded only 1 time?
Yep. I hope you didn't forget to apply here: To participate you need to: Thanks! |
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damar09
Full Member
Offline
Activity: 434
Merit: 101
★Bitvest.io★ Play Plinko or Invest!
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January 10, 2017, 02:55:08 PM
Last edit: January 10, 2017, 03:25:53 PM by damar09 |
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i am do not forget for added in spreadsheet
thanks for your info
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mamamae
Legendary
Offline
Activity: 1188
Merit: 1001
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January 10, 2017, 03:15:11 PM |
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i found this review highly interesting i don't know where all this info are taken but very accurate description a good investor prospect : https://www.smithandcrown.com/participate-chronobank-crowdsale/ |
reality ? you fell to Scammers after being in an ICO , IPO
(more like any other stock and index in the world ICO or not got your portfolio down 25 % or 85 %)
Now SEC is helping you getting back up your lost money maybe....
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mamamae
Legendary
Offline
Activity: 1188
Merit: 1001
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January 10, 2017, 03:33:22 PM |
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i Hope the link https://chronobank.io/files/business_outline.pdfis posted in the first post of this thread , and well visible . i could have invested a lot more if i could have read it before... still i hope translations are ready , i think the time limit was today. ICOrating was referring to having the ability to test on the existing 400,000 users, without having to get into consumers services to get people outside the system to test. This is a big bonus for any start-up project, to already have a large user-base in place to test with. Strange ... Could you please elaborate a bit, how 400,000 workers (or even 400) can test the Chronobank system? According to Whitepaper they receive a $$ (not LHT) from LOC. And even LH debet cards is a VISA/Mastercard (i.e. fiat) card. So there are no changes for workers at all, nothing to test. Labor hire companies provide labor for employers, they are the ones who sign up initially, they are the ones who agree to issue LH tokens, not individual employers. Yes, LOC (labor offering companies) provide labor for another companies - employers. But how they find an employers (companies) which agree to pay for work upfront (before their work is done)? Hi, Krypt! Nice to see you back again. So let's start again from the very beginning: Chronobank Entity is CBE, this is basically who we are in the model. Right? Who then are the customers of this CBE? The customers of CBE and Chronobank system in general are those who issue LHT (LOCs and after LaborX standalone workers e.g. freelancers), those who provide labor demand (LOC customers and any customers at LaborX upon its launch), and those who use LH tokens as a currency (all LaborX users, traders, and any local users - like any worker of one of the company mentioned above who accepted to get his/her salary partially/fully in LH tokens as a part of corporate local currency system). Does this include e.g. Edway? This is definitely true. Anyways, you see this as a moral hazard while other reviewers see this as a better chance for a bootstrap and thus to deliver faster and more efficiently. For what I know from following your previous comments, the major risk you see in the system is that customers of LOCs will not be interested in using the system because they don't want to pay in advance (like in a month). However, the major problem in a short-term labor market (where all this happens) is that the price of LOCs' services today is much bigger than it could be while being mainly derived from short-term bank loans and interest. If we use Chronobank model, we basically eliminate these loans, interest, and thus huge prices by using timebanking for solving liquidity problem. This approach has been extensively tested for like 200 years or so by quite a few initiatives, the most famous of them today is Ithaka hours (described specifically in our devplan: https://chronobank.io/files/business_outline.pdf). We believe (and we actually consulted with our partners both LOCs and their current customers) this type of local currency based on timebanking will resolve the current market inefficiency that costs all of the counterparties too much (except banks, lol) and they will be able to set different prices. You should understand that initial participants already contract each other and know each other, so it's easier. Another issue is the gap between the time when LH tokens to be issued and the time when they are to be redeemed. We agreed with our partners that initially they will buy LHT right when tokens will be issued. However, in order for the system to grow and to become valuable for all the counterparties we will need to provide an additional demand for LHTs. This is to be resolved in three ways: make LHT a stable-coin, create corporate wage/bonus projects using LHT, use LHT as LaborX's internal currency. This will make the whole system ridiculously cheaper than using banks. If you think this is impossible, you should read more on local currencies, timebanking, and actually Bitcoin. It looks like you have got responses to all your questions in the Russian thread like 5 times already. Yet you ask the same questions all over again. I assume you aim to spread FUD just for lulz. Thank you for your precious time. So we can find part-time and full-time jobs on ChronoBank and get paid in bitcoin? It's about Labour Hour tokens. It's different than bitcoin as it is backed by obligations to provide some labour or to buy them back from you. I followed the bounty cronobank newsletter almost a month since the launch cronobank, would be rewarded only 1 time?
Yep. I hope you didn't forget to apply here: To participate you need to: Thanks! |
reality ? you fell to Scammers after being in an ICO , IPO
(more like any other stock and index in the world ICO or not got your portfolio down 25 % or 85 %)
Now SEC is helping you getting back up your lost money maybe....
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Chronobank_Community
Full Member
Offline
Activity: 126
Merit: 100
Chronobank Community Manager
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January 10, 2017, 03:38:50 PM |
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Most of the final translations will be done by end of day, a few will need some extra time to be completed. We will keep everyone updated on those.
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Krypt
Legendary
Offline
Activity: 1540
Merit: 1096
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January 10, 2017, 03:40:34 PM |
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It looks like you have got responses to all your questions in the Russian thread like 5 times already. It is not. Two times I asked you the same question: https://bitcointalk.org/index.php?topic=1699278.msg17098265#msg17098265https://bitcointalk.org/index.php?topic=1699278.msg17108284#msg17108284Please point me to your response. Yet you ask the same questions all over again. Please show my previous question (and your answer) about ICORating's report. ICOrating was referring to having the ability to test on the existing 400,000 users... Could you please elaborate a bit, how 400,000 workers (or even 400) can test the Chronobank system? So let's start again from the very beginning ....... ............. So how 400,000 or 400 Edway's workers can test the Chronobank system? |
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Chronobank_Community
Full Member
Offline
Activity: 126
Merit: 100
Chronobank Community Manager
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January 10, 2017, 04:04:26 PM |
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It looks like you have got responses to all your questions in the Russian thread like 5 times already. It is not. Two times I asked you the same question: https://bitcointalk.org/index.php?topic=1699278.msg17098265#msg17098265https://bitcointalk.org/index.php?topic=1699278.msg17108284#msg17108284Please point me to your response. Yet you ask the same questions all over again. Please show my previous question (and your answer) about ICORating's report. ICOrating was referring to having the ability to test on the existing 400,000 users... Could you please elaborate a bit, how 400,000 workers (or even 400) can test the Chronobank system? So let's start again from the very beginning ....... ............. So how 400,000 or 400 Edway's workers can test the Chronobank system? It's kind of odd you say you don't ask the same questions over and over again, then you close your post with...the same question you've now asked 3 times, and been answered on 3 times. Chronobank is not just a payment processing system with 0 other moving parts. Many many things will need testing over the coming months. None of them will require any testers at all to pay money for the privilege of testing!So let's try a different angle. Why don't you provide a single valid reason why an existing user-base cannot be utilized to test things. |
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Krypt
Legendary
Offline
Activity: 1540
Merit: 1096
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January 10, 2017, 05:48:02 PM |
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Why don't you provide a single valid reason why an existing user-base cannot be utilized to test things. We discussed not just "existing user-base" but 400,000 Edway's workers, as they are referenced by ICORating. To test Chronobank system = use LH tokens, as a heart of the system. And I have already provided the reason why the workers can't test the LHT: Could you please elaborate a bit, how 400,000 workers (or even 400) can test the Chronobank system? According to Whitepaper they receive a $$ (not LHT) from LOC. And even LH debet cards is a VISA/Mastercard (i.e. fiat) card. So there are no changes {compared with the previous order} for workers at all, nothing to test. |
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Chronobank_Community
Full Member
Offline
Activity: 126
Merit: 100
Chronobank Community Manager
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January 10, 2017, 06:02:53 PM |
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Why don't you provide a single valid reason why an existing user-base cannot be utilized to test things. We discussed not just "existing user-base" but 400,000 Edway's workers, as they are referenced by ICORating. To test Chronobank system = use LH tokens, as a heart of the system. And I have already provided the reason why the workers can't test the LHT: Could you please elaborate a bit, how 400,000 workers (or even 400) can test the Chronobank system? According to Whitepaper they receive a $$ (not LHT) from LOC. And even LH debet cards is a VISA/Mastercard (i.e. fiat) card. So there are no changes {compared with the previous order} for workers at all, nothing to test. . Again, you seem fixated on payment processing. You do realize there is a whole hell of a lot more code to test than payment processing, right? So, how about a valid reason why an existing user-base cannot test the platform? Again, I advise trying another angle for the fear, uncertainty, and doubt attempt. You're currently pissing into the wind, and that is why no one is standing with you. |
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Chronobank (OP)
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January 10, 2017, 08:49:48 PM |
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It seems to me that it's very boring to sit at home for Krypt, he flooded all our topics with ridiculous FUD attempts  I wish I had the same amount of spare time to waste! |
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Chronobank_Community
Full Member
Offline
Activity: 126
Merit: 100
Chronobank Community Manager
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January 11, 2017, 03:03:38 AM |
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Just an update on additional ongoing artistic translations (for whitepaper, business plan, development plan). Most will be wrapped up within 1 to 2 days, 4 at most on a couple. Also, the next batch of updates/edits on the Signature and Avatar Campaign document will be happening over the next couple of days. Everyone is back from the long holiday and ready to crush. Thank you for your patience and your support!
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graviteta
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January 11, 2017, 03:06:49 AM |
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latest chronowallet and chronoimint updates are impressive! Gj Chronobank team.
and welcome newst team member!
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othell_rogue
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January 11, 2017, 07:21:12 AM |
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Hi guys!
I have joined signature campaign, when i know if i'm accepted or not? i must wait a week or...
Thanks!
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To Buy, or not to Sell? That is the question.
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Chronobank Support
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January 11, 2017, 10:20:37 AM |
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Hi guys!
I have joined signature campaign, when i know if i'm accepted or not? i must wait a week or...
Thanks!
It usually takes some time. If you don't break the rules stated on first page of this thread - everything should be fine. It looks like your signature is ok. You can PM @ahmed.chronobank on slack to be sure: http://chronobank.herokuapp.com |
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yotoken
Newbie
Offline
Activity: 17
Merit: 0
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January 11, 2017, 10:23:27 AM |
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LH token price will increase / decrease after listing in exchanger just like bitcoin ?
TIME price will increase / decrease LH price will be stable (in relevant currency) So the total Hour supply depends on the BTC collected ? 1 btc = 100hr so far almost 3k collected = 300,000 hr will be distributed if ICO ends now? |
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Wapinter
Legendary
Offline
Activity: 2632
Merit: 1026
Hire me for Bounty Management
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January 11, 2017, 11:19:40 AM |
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We stuck on 2900 Time to edit the title again |
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othell_rogue
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January 11, 2017, 01:39:08 PM |
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Hi guys!
I have joined signature campaign, when i know if i'm accepted or not? i must wait a week or...
Thanks!
It usually takes some time. If you don't break the rules stated on first page of this thread - everything should be fine. It looks like your signature is ok. You can PM @ahmed.chronobank on slack to be sure: http://chronobank.herokuapp.comok thanks! i'll contact ahmed. |
To Buy, or not to Sell? That is the question.
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