gruvious

3 ms·

1.
by gruvious 11y ago
OK, your other comment clarified the point for me. I thought that you would lose GD after the 30days because only a percentage of it would convert. I guess I assumed that the rest would be lost instead of resetting or rolling over.
2.
by gruvious 11y ago
Oh OK, this clears it up for me, thank you.
3.
by gruvious 11y ago
What I understood was that, if GD is allowed to sit in an account, it will eventually convert to USD at the reserve rate for that account, thus losing value (assuming GD=USD in terms of purchasing power). Wouldn't this discourage peopl
4.
by gruvious 11y ago
Merchants typically have margins of at least 35%, so they may make smaller profits, but probably not negative. It may be a discount, though the value of GD is not measured solely in it's USD value.
5.
by gruvious 11y ago
I think these sort of measures could be built into the algorithms behind the management of the currency. The entire infrastructure could be run by bots. Cyber security will need to be tight, though probably not initially. As I understand it
6.
by gruvious 11y ago
<i>We'll take a small portion of the investments we receive and put it toward paying operation/capital expenses. The rest of it goes toward boosting our USD reserves. I won't get into specifics because I don't have
7.
by gruvious 11y ago
You incentivize merchants with new customers that will shop exclusively at GD accepting merchants. After you have these merchant agreements in place, it will then be easier to incentivize the merchant suppliers to accept GD in order to stay