Blog: About the Nocks update

Blog: About the Nocks update

Article by Richard van Stel

Today I received a nice e-mail from Roel Boer, co-founder and CEO of Nocks.com.

Nocks implemented their biggest update yet. They have a new look, changed their domain from Nocks.co to Nocks.com, and they now serve the following 12 countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, and Spain.

But the most important thing for Gulden is:

Nocks Trade is now live!
Nocks trade allows you to trade NLG/EUR real-time. All you need is your fully verified account to deposit funds and get started. Nocks only take 0.25% per filled order and €0.25 or 0.1 NLG per withdrawal. Deposits are completely free and transaction limits have been upped to €10,000!

What does this mean for the future of Gulden?
I suspect that the launch of this trading platform has a couple of implications for Gulden:

1. Less dependency on Bitcoin
Until now the only ways to trade Gulden was on NLG/BTC exchanges. This meant that the price of Gulden was heavily dependant on the price of BTC. Now, it is possible for people from 12 countries to directly trade Gulden for Euro and vice versa. This will mean that Gulden is less dependant on the value of BTC and thus it’s becoming a more independent coin.

2. A bigger user-base
The launch of Nocks Trade could mean that more people will become more enthousiastic about Gulden. Now, people don’t have to go through the hassle of buying BTC first before being able to buy Gulden. With Nocks Trade it’s possible to directly buy and trade Gulden with your Euros.

3. Higher value over time
Of course, the more people use Gulden, the higher the value can get. If the coin gets traction, it’s possible that we will see a snowball effect with more and more people (especially Dutch people) will adopt Gulden for savings and daily use. This will only give more value to Gulden in comparison to fiat currency.

Opinion
As a voluntaryist, I hope that Gulden will become very popular in the Netherlands, my home country, and that the government will allow it without regulating the use of it. I would like to see the people back in charge over their own wealth again, instead of governments and central banks taking away the people’s purchasing power through fractional reserve banking and so-called “quantitative easing”. Let’s all work towards a more decentralized way of life, where people can decide for themselves what they want to do with their wealth and lives.

Check out Richard’s blog on steemit.

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