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I think the kudos is only the „container“ for the value in dollars you transferred to it. So one kudos could be one dollar or 100 dollar. Its written down in th
by bratwurst3000 5y ago
I think the kudos is only the „container“ for the value in dollars you transferred to it. So one kudos could be one dollar or 100 dollar. Its written down in the kudos. Did I get that right?
- deleted 5y ago[deleted]
- wizzwizz4 5y agoThat's my understanding of it. Kudos is like a gift card.
- p2hari 5y agoThat is what the document says, but it does not detail in how it is actually done. If I transfer 100 USD, then it should somehow fluctuate to market conditions. So, the question is does GNU taler also vary the kudos to match FOrex rates? If not then how is currency exchange happening in this system.
- summm 5y agoThere is no currency exchange in this system. You just setup the system for each existing currency separately. The kudos is really just for development and demonstrating the system.
- bratwurst3000 5y agoNo as someone stated its a gift card. A voucher that your bank is giving someone N dollars or whatever. So if the value of dollar decreases the value of your gift card is also decreasing but it is still the same amount of dollars but with less purchasing power Edit: its an anonymous check
- bennnnn 5y agoNo, Kudos is not a real currency. It was an example for the explanation. Basically it seems the goal here is a sender-agnostic (or currency-agnostic I cant really tell which comes first) payment system which is pretty awesome