Re: DCORP Crowdsale - Democratizing Venture Capitalism

Quote from: dihari on June 09, 2017, 02:04:10 PM

Quote from: 2econd on June 08, 2017, 11:32:29 PM

Even if the project was much bigger than it is, and the fail factor greatly reduced, it is about derivatives. Of all things wrong with fiat, wrong with the world, wrong with trading in general... derivatives are the worst. It makes cancer seem like a tummy ache from eating a bit too much candy. Please keep derivatives away from cryptocurrency, don't poison the wells that much.

One of the uses of derivatives is as a tool to divert risk. wiki : Derivatives are used by portfolio investment / management managers, corporations and financial institutions and individual investors to manage their positions against risks from stock and commodity price movements, interest rates, foreign exchange rates without affecting the physical position of the underlying product.
fyi Dcorp is not the first and the only platform that adopted derivatives. So please explain your words specifically about why derivatives should not apply in cryptocurrencies.

Derivatives themselves are not bad, technically you are insuring and counter insuring and bundling up RISK. What made us fail in 2008 is a bunch of thieves and liars in Wall St banks that bundled up high risk mortgages and other loans, passed them off as CLASS A risk, but they were like D Class and then took out insurances to hedge against their own derivative packages, then kept passing them off, like pass the parcel, to anyone the could sell them too, until the last peeps, like the Greek Govt, who were left holding the bag lost, as the value of the derivatives crashed and everyone started defaulting on their loans. That's why everything went pear shaped. To top it up, after all the thieving Bankstas stole all the money and buggered off and nearly crashed the Financial System, governments bowed down to them and told the rest of us, 'WE GONNA PRINT MORE MONEY, DEVALUE OUR CURRENCIES, ASK YOU TO PAY TAXES TO BAIL OUT THE BANKS AND GIVE TECHNICALLY ALL THE PHAT CAT BANKSTAS A BIGGER BONUS FOR STUFFING UP! YAYAYAYAYA '.

On the other hand doing Derivatives on the blockchain will make it all VERY TRANSPARENT and in comes DCORP! Wink

We all get a chance to own a part of the derivatives pie in a much safer environment. Also congratulations to the DCORP TEAM for rasing over 1.5 mil so far.