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
Ola
@innovator256
15X1vA8C15bV4PMPkV1qgPphuMpS3fVw33
Rune23
@Rune23
@all Hey everyone, I wont be able to hold the hangout tomorrow, but can do it on monday or another weekday. We have discovered some exciting and surprising new things regarding stablecoins and the best business model for a stablecoin
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
Rocky Fikki
@rfikki
Look forward to it, please advise as to the revised time and date
Rune23
@Rune23
do you have any preference rfikki?
Rocky Fikki
@rfikki
I prefer around 8pm - 10pm Eastern time
smiley2015
@smiley2015
so hangout today? 5pm west coast time?
shopnhowler
@shopnhowler
I don't mind doing a hangout today but I don't have any new information on the project
Rocky Fikki
@rfikki
Just let me know date and time, I will make an effort to attend....
Rune23
@Rune23
I can't today or tomorrow - working on the whitepaper of the finalized spec and other interesting stuff. Lets do evening US time, I will write exact time and day later tonight
Rune23
@Rune23
so before I've talked about how I didn't like the name eDollar too much but couldn't think of anything better
now I've come up with something that I might like more
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
Jorge
@jmiehau
It is just my opinion, but I like eDollar
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.
Rune23
@Rune23
My main issue with it is that it's not unique enough. We are actually making a proper independent currency that is pegged to the dollar, but can be decoupled in the future if the dollar goes to shit
if eDollar became widely successful we might regret not giving it a proper name, is my train of thought
_
smiley2015
@smiley2015
It seems like the word dollar is an important psychological piece for people.
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.
smiley2015
@smiley2015
I think that something like ethDollar could work. Or something else that brings people back to the word Dollar.
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.
Rune23
@Rune23
if thats the case then we should just stick with eDollar
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
Rune23
@Rune23
@all okay lets have the hangout on monday 8pm EST
Rune23
@Rune23
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
Rocky Fikki
@rfikki
Simply call it Dalla.
Joel Thorstensson
@oed
Rune23: I like the new name, you could still display the price in USD in the ui maybe?
Rune23
@Rune23
after much consideration I don't think jiao is good enough
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
Rocky Fikki
@rfikki
Is there a hangout tonight, can you post the link please?
Rune23
@Rune23
8 o clock
so 30 mins from now
Rocky Fikki
@rfikki
Where do we access?
Rune23
@Rune23
ill post a link in a bit
I will be presenting this document which is the new and hopefully finalized spec and business model
Rocky Fikki
@rfikki
I looked at the Ethereum builders and did not see the link.