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Author Topic: [ANN] [MAJ] *Major Piece* *First coin to equal 1 Euro, no more, no less* 3/01/14  (Read 20413 times)
vdaevski
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February 05, 2014, 05:51:58 PM
 #41

HI, everyone we will add a Major Piece faucet on Earn CryptoCoins. Join us on 1st of March for the opening of the faucet. Thanks

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February 06, 2014, 05:01:21 AM
 #42

1,000,000,000 are the total no. of EU that exist?

But there are 5400000000000 EU as of the current time.

Flawed crypto.

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MajorPiece (OP)
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February 07, 2014, 04:50:28 AM
 #43

The idea we have here is actually quite simple but some people appear to be over thinking it. While we say that we are designing a stable currency, we are not designing a currency that is completely stable, that would most likely be impossible. What we are essentially doing is designing an online version of the Euro. This coin would rise and fall the way the Euro does, meaning that it would be stable in conjunction with the Euro. This gives the coin more stability than say a Bit Coin, because the Major Piece has a tangible equivalent while the Bit Coin is based solely on the amount of faith people put into. The fact that it is based solely on faith, and not backed by either tangible assets or a legitimate government means that it is prone to severe fluctuations in value, which can be seen by its decrease in value when China said it would not accept it. While no currency paper or electronic is stable in accordance to other currencies this coin is much more stable in value to real world hard money, by having its value tied to a tangible currency and not merely to faith. Also having this currency may potentially drive up the value of the Euro and in turn drive up the value of the Major Piece.

dE_logics you are correct. 1,000,000,000 pieces was just a general idea but will be replaced with the number of Euro in circulation.
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February 07, 2014, 05:56:00 AM
 #44

The idea we have here is actually quite simple but some people appear to be over thinking it. While we say that we are designing a stable currency, we are not designing a currency that is completely stable, that would most likely be impossible. What we are essentially doing is designing an online version of the Euro. This coin would rise and fall the way the Euro does, meaning that it would be stable in conjunction with the Euro. This gives the coin more stability than say a Bit Coin, because the Major Piece has a tangible equivalent while the Bit Coin is based solely on the amount of faith people put into. The fact that it is based solely on faith, and not backed by either tangible assets or a legitimate government means that it is prone to severe fluctuations in value, which can be seen by its decrease in value when China said it would not accept it. While no currency paper or electronic is stable in accordance to other currencies this coin is much more stable in value to real world hard money, by having its value tied to a tangible currency and not merely to faith. Also having this currency may potentially drive up the value of the Euro and in turn drive up the value of the Major Piece.

dE_logics you are correct. 1,000,000,000 pieces was just a general idea but will be replaced with the number of Euro in circulation.
Well good luck with that. ALMOST no one is going to pay 1 euro for a coin that is 'worth 1 euro exactly because some guy says so', they know it is not really 1 euro and you are just trying to get rich really easily. I mean, a premine of 2 million euros??? Well good luck getting people to give you that 2 million,  if you succeed, give me some.
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February 07, 2014, 06:04:24 AM
 #45

The idea we have here is actually quite simple but some people appear to be over thinking it. While we say that we are designing a stable currency, we are not designing a currency that is completely stable, that would most likely be impossible. What we are essentially doing is designing an online version of the Euro. This coin would rise and fall the way the Euro does, meaning that it would be stable in conjunction with the Euro. This gives the coin more stability than say a Bit Coin, because the Major Piece has a tangible equivalent while the Bit Coin is based solely on the amount of faith people put into. The fact that it is based solely on faith, and not backed by either tangible assets or a legitimate government means that it is prone to severe fluctuations in value, which can be seen by its decrease in value when China said it would not accept it. While no currency paper or electronic is stable in accordance to other currencies this coin is much more stable in value to real world hard money, by having its value tied to a tangible currency and not merely to faith. Also having this currency may potentially drive up the value of the Euro and in turn drive up the value of the Major Piece.

dE_logics you are correct. 1,000,000,000 pieces was just a general idea but will be replaced with the number of Euro in circulation.
Well good luck with that. ALMOST no one is going to pay 1 euro for a coin that is 'worth 1 euro exactly because some guy says so', they know it is not really 1 euro and you are just trying to get rich really easily. I mean, a premine of 2 million euros??? Well good luck getting people to give you that 2 million,  if you succeed, give me some.

We are considering changing the pre-mine to 0% This is not about money. It's about a revolutionary change in crypto-currency.
MajorPiece (OP)
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February 07, 2014, 08:07:30 PM
 #46

We have 3 pools set to open on launch and a faucet. We are looking for more! Bounties are still available.
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February 07, 2014, 08:15:40 PM
 #47

102739 years. You are seriously?
rednalexa
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February 07, 2014, 08:17:15 PM
 #48

As you now have hired the total Coin Cap, you need to higher the reward! Pro tip Tongue

With current payout it will take 102000 years+ to mine all coins, and that is no halving.
Make that 100,000 coins per block and it would still take 100 years to mine it. Make it 500,000 per block first day, 300,000 per block second day 200,000 per block thrid - 7th day, after that 100,000 per block

MajorPiece (OP)
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February 07, 2014, 08:31:38 PM
 #49

As you now have hired the total Coin Cap, you need to higher the reward! Pro tip Tongue

With current payout it will take 102000 years+ to mine all coins, and that is no halving.
Make that 100,000 coins per block and it would still take 100 years to mine it. Make it 500,000 per block first day, 300,000 per block second day 200,000 per block thrid - 7th day, after that 100,000 per block

We are working out the full details. The amount shown is 100% going to change. We have been discussing the best coin generation details for Major Piece. Thank you for the input and we will keep this suggestion in mind on the final decision.

This is the pre-launch and details WILL be changing. We are working hard on this. We have updated the thread so that there is no more confusion.
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February 07, 2014, 08:50:49 PM
 #50

This is the pre-launch and details WILL be changing. We are working hard on this. We have updated the thread so that there is no more confusion.

Lol.  How do you classify deciding how many coins/block and deciding yes/no for a premine as working hard?  Initial numbers are as retarded as the concept so I'd say about 2.7 seconds of thought should let you come up with something better.
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February 07, 2014, 08:58:32 PM
Last edit: February 07, 2014, 09:56:25 PM by Hapex
 #51

The idea we have here is actually quite simple but some people appear to be over thinking it.

How is using market dynamics and PURE FACTS over thinking your coin will never maintain parity with the Euro? You want to wager some BTC on that?

Quote
While we say that we are designing a stable currency, we are not designing a currency that is completely stable, that would most likely be impossible. What we are essentially doing is designing an online version of the Euro. This coin would rise and fall the way the Euro does, meaning that it would be stable in conjunction with the Euro.

This is ABSOLUTELY impossible because once you release it into the wild, you will have 0 control over it. The price will be a speculative vehicle like all other crypto currencies. Without a Government or Central Bank declaring and backing each individual coin you'll never maintain price parity, or even stability for that matter. It's simple economics. What part of this aren't you getting? This isn't over thinking, this is reality. You can declare it 1 Euro, but once it gets to an exchange outside of your control people will arbitrage the shit out of it dropping the price to what the MARKET says it's worth. If you can figure out a way to control the markets, you could get a job at any central bank or government the world over.

Quote
This gives the coin more stability than say a Bit Coin, because the Major Piece has a tangible equivalent while the Bit Coin is based solely on the amount of faith people put into.

No it doesn't, that's speculation on your part. Since the coin hasn't been released the market hasn't determined what the price of your coin is worth. Backing a crypto currency that is limited in supply and decentralized in nature with a fiat currency that is centrally controlled and inflating on a daily basis is not only haphazard, it's also short sighted in regards to currency stability. That's like mixing oil and water and calling the solution stable when the oil floats on top of the water.

Quote
The fact that it is based solely on faith, and not backed by either tangible assets or a legitimate government means that it is prone to severe fluctuations in value, which can be seen by its decrease in value when China said it would not accept it.

You know next to nothing about economics. The reason the price rose and fell in Bitcoin was because of (here take a note) LIQUIDITY. Liquidity in an emerging market is a major factor in price discovery. What you saw with the sharp drop was liquidity drying up and not enough funds to bid up the price further so it contracted to reflect the lack of liquidity in the market. It wasn't because of bitcoin has no backing that caused it, it was payment processors cutting the source of liquidity.

Quote
While no currency paper or electronic is stable in accordance to other currencies this coin is much more stable in value to real world hard money, by having its value tied to a tangible currency and not merely to faith. Also having this currency may potentially drive up the value of the Euro and in turn drive up the value of the Major Piece.

No it isn't, and no it won't.. Once you release it you'll notice it within a number of days that the price will be less than a euro. How the hell can it rise against the euro when 1.) no one will accept it outside of a alternative crypto currency exchange, and 2.) No demand for it outside of the exchanges? This is not over thinking this coin, this is the reality you face and will NEVER be able to guarantee parity with the Euro.

Quote
dE_logics you are correct. 1,000,000,000 pieces was just a general idea but will be replaced with the number of Euro in circulation.

So how is this different from the Euro then? Instead we'll have a decentralized infinitely inflating crypto currency? Gee where do I sign up to mine this?  Roll Eyes
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February 07, 2014, 09:04:26 PM
 #52

So who is holding the 1,000,000,000 Euros to back it?  Cheesy

Who is holding the gold to back up the USD? Who is holding the funds to back up Bitcoins?

How exactly are you going to keep the price at 1 euro?

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February 07, 2014, 09:13:34 PM
Last edit: February 07, 2014, 09:40:42 PM by Hapex
 #53

So who is holding the 1,000,000,000 Euros to back it?  Cheesy

Who is holding the gold to back up the USD? Who is holding the funds to back up Bitcoins?

How exactly are you going to keep the price at 1 euro?



As my explanation above details, he(they?) won't be able too. It'll be a speculative vehicle like all other crypto's. With no demand outside of alternative crypto exchanges, he/they will never maintain stability. Law of Supply and Demand is a brutal teacher. If he/they release the coin as is currently planned, he/they will see really quickly the law of supply and demand will take hold and if there is no backing, and no demand for his/their currency it will collapse.

He/they has no understanding of currency stability or backing at all.. It's pretty apparent.

There hasn't been gold backing the USD since the Nixon Shock of 1971 Nixon severed the gold standard and replaced it with the Petro Dollar.

Ever since then the dollar only has value because OPEC only accepts dollars for their oil. If OPEC were to take a basket of currencies other than the dollar, the dollar would collapse over night. The ONLY thing that gives the dollar value is the DEMAND for oil. It's a great scheme, but it's doomed to failure.
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February 08, 2014, 01:06:04 AM
 #54

Have any trading platforms agreed to list this currency as of yet?

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February 08, 2014, 03:04:13 AM
 #55

So who is holding the 1,000,000,000 Euros to back it?  Cheesy

Who is holding the gold to back up the USD? Who is holding the funds to back up Bitcoins?

How exactly are you going to keep the price at 1 euro?



As my explanation above details, he(they?) won't be able too. It'll be a speculative vehicle like all other crypto's. With no demand outside of alternative crypto exchanges, he/they will never maintain stability. Law of Supply and Demand is a brutal teacher. If he/they release the coin as is currently planned, he/they will see really quickly the law of supply and demand will take hold and if there is no backing, and no demand for his/their currency it will collapse.

He/they has no understanding of currency stability or backing at all.. It's pretty apparent.

There hasn't been gold backing the USD since the Nixon Shock of 1971 Nixon severed the gold standard and replaced it with the Petro Dollar.

Ever since then the dollar only has value because OPEC only accepts dollars for their oil. If OPEC were to take a basket of currencies other than the dollar, the dollar would collapse over night. The ONLY thing that gives the dollar value is the DEMAND for oil. It's a great scheme, but it's doomed to failure.

If the devs get this into exchanges at a flat rate and allow it to be traded with other alt-coins I could see it working, but that's the only way. I think it would provide a lot of benefits and people would do it. There are so many advantages. I also like his giving some one 3 quarters for a dollar does not crash the value of the dollar example.

You say "if there is no demand" What if there is a large demand. Because there is a large demand for a stable coin. Bitcoin took forever to take off but it did slowly one person at a time. Why wouldn't that be okay with this?

The dollar = oil. What about Euros?

Also I don't think this is meant to be different than the Euro to the poster above this one. I think it's meant to be an online version of the Euro.

EDIT: I don't understand why everyone keeps saying there's no demand. How do you know? I personally think there is a HUGE demand for a stable coin. Maybe it won't have quite a lot at first but it may grow.
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February 08, 2014, 03:33:03 AM
 #56

So who is holding the 1,000,000,000 Euros to back it?  Cheesy

Who is holding the gold to back up the USD? Who is holding the funds to back up Bitcoins?

How exactly are you going to keep the price at 1 euro?



As my explanation above details, he(they?) won't be able too. It'll be a speculative vehicle like all other crypto's. With no demand outside of alternative crypto exchanges, he/they will never maintain stability. Law of Supply and Demand is a brutal teacher. If he/they release the coin as is currently planned, he/they will see really quickly the law of supply and demand will take hold and if there is no backing, and no demand for his/their currency it will collapse.

He/they has no understanding of currency stability or backing at all.. It's pretty apparent.

There hasn't been gold backing the USD since the Nixon Shock of 1971 Nixon severed the gold standard and replaced it with the Petro Dollar.

Ever since then the dollar only has value because OPEC only accepts dollars for their oil. If OPEC were to take a basket of currencies other than the dollar, the dollar would collapse over night. The ONLY thing that gives the dollar value is the DEMAND for oil. It's a great scheme, but it's doomed to failure.

If the devs get this into exchanges at a flat rate and allow it to be traded with other alt-coins I could see it working, but that's the only way. I think it would provide a lot of benefits and people would do it. There are so many advantages. I also like his giving some one 3 quarters for a dollar does not crash the value of the dollar example.

You say "if there is no demand" What if there is a large demand. Because there is a large demand for a stable coin. Bitcoin took forever to take off but it did slowly one person at a time. Why wouldn't that be okay with this?

The dollar = oil. What about Euros?

Also I don't think this is meant to be different than the Euro to the poster above this one. I think it's meant to be an online version of the Euro.

EDIT: I don't understand why everyone keeps saying there's no demand. How do you know? I personally think there is a HUGE demand for a stable coin. Maybe it won't have quite a lot at first but it may grow.

It won't work due to person to person transactions, or even exchanges the dev doesn't have a relationship or an agreement with. For example, say I take all 10Mh and mine this coin during release. I decide to undercut the market by selling a large quantity at half a euro. Yes, a small transaction won't kill the market, but large transactions at less than value will destroy a currency. If you want or need any proof look at Argentina and what they've gone through for the past decade with their unstable currency.

There is a huge demand for a stable coin, but backing it with a centrally controlled infinitely inflating currency is not the answer. If he personally had 1 Billion Euro to back each individual coin, then yes, he could maintain parity with the Euro. But if not, it's just going to float like all fiat currencies do. The market will determine the value whether you or the dev like it or not. The ONLY stable currencies were those backed by precious metals. Unfortunately if you back a digital currency, you're setting yourself up for failure as we know central banks don't really care for competition. They'll use the excuse of bullshit money laundering laws to close down the precious metal warehouse, confiscate all precious metals, and for your trouble, send you to prison for a couple of decades.

I know there is no demand, because no one has asked for a digital currency backed by a fiat currency. Where is the demand coming from that is going to maintain the parity price the dev is advocating for? What store can I spend this digital currency in? Who is going to pay me thousands of Euro's if I decide to cash out? The moment you can't maintain that parity which you WON'T because the Dev doesn't have 1 billion Euro, and neither do the exchanges to maintain that price the currency will depreciate in value.

This is simple economics. What aren't you getting?
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February 08, 2014, 04:02:32 AM
 #57

So who is holding the 1,000,000,000 Euros to back it?  Cheesy

Who is holding the gold to back up the USD? Who is holding the funds to back up Bitcoins?

How exactly are you going to keep the price at 1 euro?



As my explanation above details, he(they?) won't be able too. It'll be a speculative vehicle like all other crypto's. With no demand outside of alternative crypto exchanges, he/they will never maintain stability. Law of Supply and Demand is a brutal teacher. If he/they release the coin as is currently planned, he/they will see really quickly the law of supply and demand will take hold and if there is no backing, and no demand for his/their currency it will collapse.

He/they has no understanding of currency stability or backing at all.. It's pretty apparent.

There hasn't been gold backing the USD since the Nixon Shock of 1971 Nixon severed the gold standard and replaced it with the Petro Dollar.

Ever since then the dollar only has value because OPEC only accepts dollars for their oil. If OPEC were to take a basket of currencies other than the dollar, the dollar would collapse over night. The ONLY thing that gives the dollar value is the DEMAND for oil. It's a great scheme, but it's doomed to failure.

If the devs get this into exchanges at a flat rate and allow it to be traded with other alt-coins I could see it working, but that's the only way. I think it would provide a lot of benefits and people would do it. There are so many advantages. I also like his giving some one 3 quarters for a dollar does not crash the value of the dollar example.

You say "if there is no demand" What if there is a large demand. Because there is a large demand for a stable coin. Bitcoin took forever to take off but it did slowly one person at a time. Why wouldn't that be okay with this?

The dollar = oil. What about Euros?

Also I don't think this is meant to be different than the Euro to the poster above this one. I think it's meant to be an online version of the Euro.

EDIT: I don't understand why everyone keeps saying there's no demand. How do you know? I personally think there is a HUGE demand for a stable coin. Maybe it won't have quite a lot at first but it may grow.

It won't work due to person to person transactions, or even exchanges the dev doesn't have a relationship or an agreement with. For example, say I take all 10Mh and mine this coin during release. I decide to undercut the market by selling a large quantity at half a euro. Yes, a small transaction won't kill the market, but large transactions at less than value will destroy a currency. If you want or need any proof look at Argentina and what they've gone through for the past decade with their unstable currency.

There is a huge demand for a stable coin, but backing it with a centrally controlled infinitely inflating currency is not the answer. If he personally had 1 Billion Euro to back each individual coin, then yes, he could maintain parity with the Euro. But if not, it's just going to float like all fiat currencies do. The market will determine the value whether you or the dev like it or not. The ONLY stable currencies were those backed by precious metals. Unfortunately if you back a digital currency, you're setting yourself up for failure as we know central banks don't really care for competition. They'll use the excuse of bullshit money laundering laws to close down the precious metal warehouse, confiscate all precious metals, and for your trouble, send you to prison for a couple of decades.

I know there is no demand, because no one has asked for a digital currency backed by a fiat currency. Where is the demand coming from that is going to maintain the parity price the dev is advocating for? What store can I spend this digital currency in? Who is going to pay me thousands of Euro's if I decide to cash out? The moment you can't maintain that parity which you WON'T because the Dev doesn't have 1 billion Euro, and neither do the exchanges to maintain that price the currency will depreciate in value.

This is simple economics. What aren't you getting?

I'm going to make a $100coin and it will literally be worth 100 USD without any implications, oh and yes this is arbitrary but it'll totes definitely work because I titled the coin $100coin.

I can guarantee you this will be the price. You'll just have to take my word for it. I'm the coin creator after all, and it's not like I'm personally invested in my $2,000,000 premined.

SC: BTLeV8KdYieuBN9sQbaVwBqkeLHgrT8GHF
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February 08, 2014, 05:26:19 AM
 #58

So who is holding the 1,000,000,000 Euros to back it?  Cheesy

Who is holding the gold to back up the USD? Who is holding the funds to back up Bitcoins?

How exactly are you going to keep the price at 1 euro?



As my explanation above details, he(they?) won't be able too. It'll be a speculative vehicle like all other crypto's. With no demand outside of alternative crypto exchanges, he/they will never maintain stability. Law of Supply and Demand is a brutal teacher. If he/they release the coin as is currently planned, he/they will see really quickly the law of supply and demand will take hold and if there is no backing, and no demand for his/their currency it will collapse.

He/they has no understanding of currency stability or backing at all.. It's pretty apparent.

There hasn't been gold backing the USD since the Nixon Shock of 1971 Nixon severed the gold standard and replaced it with the Petro Dollar.

Ever since then the dollar only has value because OPEC only accepts dollars for their oil. If OPEC were to take a basket of currencies other than the dollar, the dollar would collapse over night. The ONLY thing that gives the dollar value is the DEMAND for oil. It's a great scheme, but it's doomed to failure.

If the devs get this into exchanges at a flat rate and allow it to be traded with other alt-coins I could see it working, but that's the only way. I think it would provide a lot of benefits and people would do it. There are so many advantages. I also like his giving some one 3 quarters for a dollar does not crash the value of the dollar example.

You say "if there is no demand" What if there is a large demand. Because there is a large demand for a stable coin. Bitcoin took forever to take off but it did slowly one person at a time. Why wouldn't that be okay with this?

The dollar = oil. What about Euros?

Also I don't think this is meant to be different than the Euro to the poster above this one. I think it's meant to be an online version of the Euro.

EDIT: I don't understand why everyone keeps saying there's no demand. How do you know? I personally think there is a HUGE demand for a stable coin. Maybe it won't have quite a lot at first but it may grow.

It won't work due to person to person transactions, or even exchanges the dev doesn't have a relationship or an agreement with. For example, say I take all 10Mh and mine this coin during release. I decide to undercut the market by selling a large quantity at half a euro. Yes, a small transaction won't kill the market, but large transactions at less than value will destroy a currency. If you want or need any proof look at Argentina and what they've gone through for the past decade with their unstable currency.

There is a huge demand for a stable coin, but backing it with a centrally controlled infinitely inflating currency is not the answer. If he personally had 1 Billion Euro to back each individual coin, then yes, he could maintain parity with the Euro. But if not, it's just going to float like all fiat currencies do. The market will determine the value whether you or the dev like it or not. The ONLY stable currencies were those backed by precious metals. Unfortunately if you back a digital currency, you're setting yourself up for failure as we know central banks don't really care for competition. They'll use the excuse of bullshit money laundering laws to close down the precious metal warehouse, confiscate all precious metals, and for your trouble, send you to prison for a couple of decades.

I know there is no demand, because no one has asked for a digital currency backed by a fiat currency. Where is the demand coming from that is going to maintain the parity price the dev is advocating for? What store can I spend this digital currency in? Who is going to pay me thousands of Euro's if I decide to cash out? The moment you can't maintain that parity which you WON'T because the Dev doesn't have 1 billion Euro, and neither do the exchanges to maintain that price the currency will depreciate in value.

This is simple economics. What aren't you getting?

Lol, I just love the crypto world, it get's entertaining day after day Smiley   I want to create British Pound Sterling coin and will it on the whole world to accept British Pound Sterling coin for one British Pound simply because I said so!  and it's going to work and stay stable when not even the fiat currencies themselves whom we all consider "stable" relative to crypto currencies which are actually BACKED by the economies of their respective countries can stay stable themselves. Look at the value of the dollar in 1920 and the value of it now.
MajorPiece (OP)
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February 08, 2014, 05:59:15 AM
 #59

So it's worth 1 euro per coin because you say so?

Not quite sure you understand how market pricing works.

1 Euro is worth what it is because millions upon million of people, as well as major financial institutions worth billions of Euros, Dollars, Pounds, Yen, you name it- say it is.

How will you make everyone agree 1 Major Piece is with 1 Euro? I hear a crazy idea with nothing to back it up.

While this is a valid argument it does not necessarily fit in to this idea quite the way you envision it. While it is true that we are relying on a bit of faith from people to believe the coin is worth what we say it is worth it is no different than a person having to put in faith that their dollar will actually mean something or that their Yen will mean something. By saying that it will be worth one euro we have already planned for part of this faith issue. Also on the issue of changing market value we have seen that this issue cannot arise because the true value will always be that of a euro. It’s not like gold or oil were the price can be arbitrarily inflated or deflated based on faith and amount of product. Also while people can hope and believe that their one dollar is actually worth more than it is it is only worth what it is at that point and time. So while people may say that the Major Piece is worth more or less then the euro they are actually wrong because it has already been decided that the value will only fluctuate directly with the value of the Euro.
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February 08, 2014, 06:21:35 AM
 #60

So it's worth 1 euro per coin because you say so?

Not quite sure you understand how market pricing works.

1 Euro is worth what it is because millions upon million of people, as well as major financial institutions worth billions of Euros, Dollars, Pounds, Yen, you name it- say it is.

How will you make everyone agree 1 Major Piece is with 1 Euro? I hear a crazy idea with nothing to back it up.

While this is a valid argument it does not necessarily fit in to this idea quite the way you envision it. While it is true that we are relying on a bit of faith from people to believe the coin is worth what we say it is worth it is no different than a person having to put in faith that their dollar will actually mean something or that their Yen will mean something. By saying that it will be worth one euro we have already planned for part of this faith issue. Also on the issue of changing market value we have seen that this issue cannot arise because the true value will always be that of a euro. It’s not like gold or oil were the price can be arbitrarily inflated or deflated based on faith and amount of product. Also while people can hope and believe that their one dollar is actually worth more than it is it is only worth what it is at that point and time. So while people may say that the Major Piece is worth more or less then the euro they are actually wrong because it has already been decided that the value will only fluctuate directly with the value of the Euro.

Decided by whom?  You really have no understanding of how basic economics works.  You can't have something worth something else simply because you "decided" and "dictated" its going to be that.  People assess value on something because it is either backed something else (dollar is backed by US economy, Euro is backed by Eurozone, meaning within those regions I can use dollar and euro as a means of exchange for service or products) or based on speculation which 100% of crypto world fall into as none of the crypto is backed by any economy.  Speculation = wild price fluctuation which is what you are not aiming for.  At the very least, many of the other coins are driven by speculation around a new type of encryption, code, feature, future utility and even value of meme.  Yours has absolutely none of that except for the fact that you are going to somehow magically will everyone in the world to value your coin at 1 euro and not just make them will it at 1 euro, but make them will it at 1 euro forever.  As I also mentioned before, not even fiat currencies stay stable and also are subject to fluctuations and teams of economists, governments do their best to try minimize this fluctuation (to prevent widespread panic and bank runs) but will never be able to completely stop it as it is DEPENDENT ON THE VALUE PEOPLE ASSESS TO IT AND ARE WILLING TO TRADE THEIR GOODS AND SERVICES PER THAT VALUE ASSESSED.   Unless you've come with some mind control technique, this is impossible.  Why is this hard to understand!
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