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I'm Dutch, consider myself well-informed and well-read, but I've never heard of this project before. To be honest, it sounds like another cryptocoin pyramid sch
by Freak_NL 10y ago
I'm Dutch, consider myself well-informed and well-read, but I've never heard of this project before. To be honest, it sounds like another cryptocoin pyramid scheme. On their website this altcoin is presented as an investment opportunity where the value of the coins you own increases with the number of users.
> The value of Gulden is determined by the demand for Gulden, as with gold or silver. The price can go up or down, but on average the value of Gulden goes up.
Sure. It will only go up. Just like all the other altcoins.
There is something that irks me about the name of this project. Gulden is the name of the Dutch currency used before the introduction of the Euro. At this point in time it has strong historical connotations (obviously), but it is also a symbol of adherents of the nationalistic political (far) right in the Netherlands. There are plenty of people from the lower socio-economic classes who fuelled by demagogues who believe we should revert to the Gulden (the actual currency, not this altcoin), close our borders, get out of the EU and once again prosper (even though we are already doing pretty well all things considered, and the EU benefits us on the whole, despite all its warts).
Choosing Gulden as a name for this project seems to explicitly place it at the heart of that particular bit of discontent. It also feels extremely pretentious to use the name of our historic currency that anyone over the age of twenty actually used. This I can grok from a commercial standpoint, but it leaves a nasty taste.
- teekert 10y agoApart from you associating wanting back the old Gulden and leaving the EU with being part of a lower-economic class, which it find extremely elitist, condescending and it annoys me greatly... Gulden is used for actual value transfer that is easier than currently possible between banks, I can just transfer value to you by scanning your QR code. As such there is value in this method. Moreover I can not only transfer value to you but also to shop holders and taxi drivers around Groningen, this is due to human labor by the company behind Gulden. Gulden was trending in the iOS store a couple of days ago by the way, so many people have heard of it, even internationally. The name YouTube also refers to old CRTs, perhaps indeed to evoke a certain feeling. Who cares.
- Freak_NL 10y agoI understand your annoyance about the class statement, but demographically speaking I'm not far off the mark. Appearances aside, marketeers don't choose names at random. There is a thought-through business plan behind this that specifically targets a certain demographic — I contend that a good part of the group targeted here can often ill-afford to invest their savings in something as ethereal as an altcoin (which is what they are suggesting on the Gulden website). > Gulden is used for actual value transfer […] I can see some of the benefits touted, but for most of those situations cash or our excellent system of debit cards and POS-terminals already do this, and transferring money via IBAN is peanuts (and free within most EU countries). But convenience aside, cash works without a smartphone and middlemen. It's mostly anonymous too. Besides, I get that companies are vying for the position of the one digital money transfer 'app' here in the Netherlands, because whoever manages to do that is in for a very profitable ride (like that one similar app popular in Sweden), but linking it to their own altcoin seems like a way to propagate a pyramid scheme by means of an app some will find useful.