Or let's say USDL is $2 for a month. What

Question

LGCY Network

Marty (no DM's)

Or let's say USDL is $2 for a month. What

is to stop wild fluctuations? You can't have wild fluctuations, or?

#blockchain #cryptocurrency #english #lgcy

0

17.10.2023

12 ответов

34 просмотра

J R

The way I personally understand it is that Usdl will be worth $1.00 worth transactions / server fees … whether that be 100 transactions, or 25 transactions, 4, or simply 1… No matter what, 1 Usdl will be worth $1 worth of transactions (server fees) …

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17.10.2023

Marty (no DM's) Автор вопроса

But you absolutely can't say that if it's worth 2$ on exchanges. I that moment transaction fees double in my mind. I'm, not understanding what balancing factors there will be.

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17.10.2023

J R

Marty (no DM's)
But you absolutely can't say that if it's worth 2$...

Anybody can buy it for whatever they want, it is an open market, what matters is what you’re able to redeem it for.

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17.10.2023

Sig | LGCY Network | BattleVerse L1 | BitWin

Marty (no DM's)
But you absolutely can't say that if it's worth 2$...

There's a factor about what it's being traded for vs. what it's designed when used as a gas fee on the network.

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17.10.2023

Marty (no DM's) Автор вопроса

J R
Anybody can buy it for whatever they want, it is a...

OK yes, this would be the case in the case of a federal reserve with executive power over the whole financial system. When they say this is worth a dollar, then this worth a dollar. But we won't have that. If it's worth 2$ on the open market, then that is what I can redeem it for. You can't just go and say, well on the LGCY network it's only worth 1$, can you?

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17.10.2023

J R

Marty (no DM's)
OK yes, this would be the case in the case of a fe...

I could, because if I’m transacting on the network, and need USDL … 1 Usdl will be worth $1 -worth- of transaction fees. To me it won’t matter what it is being traded for, it is the value I’m getting on the network.

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17.10.2023

Marty (no DM's) Автор вопроса

J R
I could, because if I’m transacting on the network...

OK, I see, so basically you are saying because of this fact that the open market will find it's way to the true value redeemable on the network

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17.10.2023

J R

Marty (no DM's)
OK, I see, so basically you are saying because of ...

Yes … I don’t want to overpay, but don’t mind underpaying though.

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17.10.2023