1. Why is the federal reserve bankrupt? How does it impact
me? Show Answer
The Misery Index and Why
the Federal Reserve Is Bankrupt - 2.5 minute
Federal Reserve’s “Net Worth” Collapses 33% In Two Weeks
Could A Federal Reserve Bank Go Bust?
Can Central Banks Go Bankrupt?
Yes, The US Government Really Is Bankrupt
The Federal Reserve is Bankrupt - How Did It Happen and What are the Ugly Consequences?
2. Why does OneCoin have value? Show Answer
OneCoin has value because it is useful as a form of money. OneCoin has the characteristics of money — durability, portability, fungibility, scarcity, divisibility and recognizability — based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central government or banking authorities (like fiat currencies). In short, OneCoin is backed by mathematics. With these attributes, all that is required for a form of money to hold value is trust and adoption. In the case of OneCoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, OneCoin's value comes only and directly from people willing to accept it as payment.
The value of every currency in the world is heavily influenced by BELIEF. If people BELIEVE something has value, then they will pay for it. That's why much of the world uses the U.S. Dollar, even though the U.S. dollar is now severely under collateralized! It's really just a piece of paper with numbers and images on it. But many throughout the world believe it has value, therefore they use it and accept as a currency.
3. What determines OneCoin's price? Show Answer
The price of OneCoin is determined by market Supply and Demand; and Demand is driven by 3 factors: Brand - Usability - Utility.
Supply – The OneCoin supply is finite and fixed by the algorithm in the blockchain at 120 billion coins that will ever be created in the mining process.
Demand - When demand for OneCoin increases, the price increases, and when demand falls, the price falls. There is only a limited number of OneCoins in circulation and new OneCoins are created at a predictable rate, which means that demand must follow this level of inflation to keep the price stable.
Brand - A brand is a set of marketing and communication methods that help to distinguish a company from competitors and create a lasting impression in the minds of customers. The key components that form a brand's toolbox include a brand's identity, brand communication (such as by logos and trademarks), brand awareness, brand loyalty, and various branding (brand management) strategies.
Usability - Usability means OneCoin is user friendly; easy to learn and use. The degree to which OneCoin can be used by merchants, customers, investors and traders to achieve desired objectives with effectiveness, efficiency and satisfaction determines usability.
Utility – Utility refers to usefulness and the total satisfaction received from using OneCoin. The economic utility of OneCoin is important to understand because it will directly influence the demand, and therefore price.
4. Why will the price and value of OneCoin grow over time? Show Answer
Based on simple mathematics and market Supply and Demand introduced previously. For example, we know that the Supply is fixed, at a total of 120 billion OneCoins. The remaining factors are variables based on the perception and experience of users and merchants. As long as the OneCoin Brand, Usability and Utility continue to remain strong and drive Demand, the price will continue to grow over time. How fast it will grow is unknown, but depends upon the relationship of all of these factors. During its short history, these variables have continued to be strong and show signs of getting stronger with time. While Brand, Usability and Utility are difficult to measure, they directly affect the Demand, which has grown to exceed 2 million members in less than 2 years. The goal of ONECOIN is to have 10 million members and 1 million merchants within the next 2 years, which will guarantee growth of the price and value of OneCoin.
5. Can the price of OneCoin fall? Show Answer
In theory, the price of OneCoin can go down, but in order to do so, OneCoin's Brand, Usability and Utility must reverse trend and decrease the Demand. While the possibility of a decline in any of these variables is unforeseen, it is possible.
6. Can OneCoin become worthless? Show Answer
Yes, but only if the Demand reaches
zero, which means that the fast growing number of over
2 million users would cease to use, buy, sell and trade
it. History is littered with currencies that failed and
are no longer used, such as the German Mark during the
Weimar Republic and, more recently, the Zimbabwean dollar.
Although previous currency failures were typically due
to hyperinflation of a kind that OneCoin makes impossible,
there is always potential for technical failures, competing
Digital Currencies, political issues and so on. As a basic
rule of thumb, no Digital Currency should be considered
absolutely safe from failures or hard times. OneCoin has
proven reliable for 2 years since its inception, and there
is a lot of potential for OneCoin to continue to grow.
However, no one is in a position to predict what the future
will be for OneCoin.
7. Won't the finite amount of 120 billion OneCoins be a limitation? Show Answer
Only 120 billion OneCoin will ever be created. However, this will never be a limitation because transactions can be denominated in smaller sub-units of a OneCoin. Coins can be divided into smaller units if that is ever required in the future as the average transaction size decreases. It is possible to sub-divide Digital Currency into millionths of a coin. For example, the US dollar can be divided by 100 into cents.