Matic Tovak, our DAO Memeber, shares his view on CRB in next article.
More about Mr. Tovak:
Matic Tovak graduated in 2011 at the Faculty of Computer and Information Science (University of Ljubljana) from the field of discrete mathematical models and algorithms for stock options valuation. After graduation, he acquired a job at the Faculty of Computer and Information Science in the Computer Vision Laboratory, where he worked as a development engineer in the field of bio metrics (development of a fingerprint verification system). Working as a development engineer, he attended conferences ERK (International Electronic and Computer Science Conference) 2012 and ROSUS 2012. He has huge amount of experience in field of the world financial markets and the mechanics of the financial derivatives. His knowledge was also applicable in variety of industries one of his favourite was currency exchange market.
Where do we see CreditBit in the future
Despite the fact that cryptocurrencies attracted quite a growing investor following and media
attention in the past few years, a certain questions regarding their future and their usability remain
opened. As an alternative to Bitcoin, a large number of companies emerged and launched their own
cryptocurrencies. This brings us to CreditBit, which is an open source project and also a new
Ethereum based ERC 20 compliant token with a lot of attracting features. And although its features
make it an interesting value at the moment, in the future we would very much like to see it not only
as a speculation capital dormant in a digital wallets of its owners in the hope of increasing its future
exchange value, but rather taking it to the point where market participants could see it as a stable
and trusted store of value. Judging by the list of companies that accept digital currencies (namely
Bitcoin) at the moment, such statement doesn't come over as presumptuous at all. The problem that
still persists is that with a fluctuating value and questionable liquidity, such funds can either help or
hurt the company that accepts them. Since majority prefer stability over volatility, there are still a lot
of people and companies that are not comfortable with a thought about moving their assets into
something with extreme daily fluctuations of their net worth and poor liquidity. The aforementioned
issue could be addressed through an intermediary market making entity that would provide a
purchase and sale solutions for investors by holding a larger volume of an a instrument in order to
keep the market liquid, hence satisfying the supply and demand of the market.
In this context, CreditBit should strive to improve its usability and ultimately reach a point in future
where we could see it not only as a more stable (less volatile) and easy enough for consumers to
understand but mainly as a trusted store of value with an adequate degree of safety.
Share your thoughts with us.
Rg,
Yours CM