can you talk now? sorry i didnt contact you earlier, was talking to a bunch of people here
was meant @innovator256, thought i was in the private chat :P
so is there any preference for which day we do the hangout? Otherwise I will just choose a time and then basically do a youtube video that people can watch at their own convenience
now I've come up with something that I might like more
Jiao - named after the first paper currency ever
it has a bunch of advantages, it's a short word that's unique and distinct, the name and the trading moniker is the same, and it already has an obvious choice for the currency symbol that most computers can display, δΊ€
what do you guys think? I'm still not sure if its actually better than eDollar because it might be difficult to pronounce
It mixs Ethereum+Dollar, then eDollar. I can recognize and explain easily to others that it is a derivative of a fiat currency, backed by cryptography.
if eDollar became widely successful we might regret not giving it a proper name, is my train of thought
I agree that "edollar" sounds a bit funny.
I worry that people won't understand what jiao means and will gravitate towards something with the word dollar in it.
One of the most important aspects of bootstrapping this will be selling the idea of it to people.
It helps to have a name that people can easily understand.
but im willing to sacrifice short term marketability for a long term recognizable brand
so i'd really prefer to have a unique name
but Jiao isnt necessarily good enough if its too difficult to pronounce
IMO nubits have managed to position themselves as a stablecoin just fine with a random name
btw apologies that I havent made the diagrams of the delegates etc that I talked about. Our final design has increased the scope and complexity quite a bit (but with the benefit of a highly optimized business model / cash flow model) - so I simply don't know exactly how the permissions/delegate/dynasty will be implemented just yet
id still prefer a unique name, but jiao doesnt spring out as an obviously awesome name which is what i'd require for it to be worth it to make the switch from eDollar
also eDollar isnt actually that bad even if it decouples from the USD and starts floating at some point
it will just be another dollar among the many different dollars such as the singapore or canadian dollar
so 30 mins from now
I will be presenting this document which is the new and hopefully finalized spec and business model