Project ubu SA crypto currency

[nazz]

Is anyone looking into the upcoming South African crypto currency called Ubu`s?

 

[envo]

No not really. It will most likely be hacked and/or government run and/or declared illegal and/or hold the same ****ty value as our current currency shrouded by even more corruption and criminals behind it.

I'd stick with something other than South African-made BS

 

[nazz]

No not really. It will most likely be hacked and/or government run and/or declared illegal and/or hold the same ****ty value as our current currency shrouded by even more corruption and criminals behind it.

I'd stick with something other than South African-made BS

Yes time will probably tell...

 

[Thor]

It WILL fail no reason for ID addresses and emails this is nothing more than a data mining business.

 

[bigboy529]

For what it's worth I'm throwing my hat in the ring, will put in R1000 same as with BTC, not a train smash if I lose it.

 

[Cube3]

Infinite tokens...... no scarcity , no value ?

 

[Ockie]

Infinite tokens...... no scarcity , no value ?

From what I understand, they want to give it value by encouraging people to actually use it and not hoard it....hence why your UBU's "expires" or deminishes if you dont use them. Seeing that UBU's gets lost if not used, it is not infinate supply either.

 

[shooter69]

From what I understand, they want to give it value by encouraging people to actually use it and not hoard it....hence why your UBU's "expires" or deminishes if you dont use them. Seeing that UBU's gets lost if not used, it is not infinate supply either.

So it can also not be used as in investment vehicle.

 

[Ockie]

So it can also not be used as in investment vehicle.

No. They will be actively discouraging that. They dont want it to be a investment, they want it to be a actual form of currency that is actively exchanged for goods and services, and in that way give it value via demand and supply.