Post
Topic
Board Announcements (Altcoins)
Re: Money on Chain - Bitcoin-Collateralized Stablecoin
by
maxcarjuzaa
on 17/09/2019, 20:54:06 UTC
thanks for the explanation. but, how about to make some illustration graphic on the whitepaper, it will make it more easy to understand.

waiting for the whitepaper

Yes, info-graphic is a good idea to explain it in a simple way (even though max said that the process is kinda complex). The message will be sent to the team though so maybe, they'll create one for the public.

Yes sir yes  Grin
Ye ye ye, please create it one for us to make this complex thing more understandable.

Is there any updated info for the test-net, by the way?
Then, do we have the full model on the test-net?

Yes and no, we are have deployed the stable coin platform (functional) on the testnet but we are going to deploy the decentralized token exchange (probably) on november. The stable coin platform has the first version of our mathematical model but the governcance is still missing, moreover we have a lot of new exciting features that we are plannig to deploy next year.




The difference is that it is the first stablecoin with bitcoin as collateral with focus on decentralization and with every transaction made through smart contracts.

And therein lies the problem.
Focused on decentralization? What stablecoin is not focused on decentralization after all, they are issued on decentralized protocols.
Yes, you can argue that they are issued by centralized authorities/entities, but are you not just the same?
And smart contracts? I can't boldly argue all stablecoins have smart contracts, but I can certainly argue all stablecoins issued on Ethereum protocol do - USDC, PAX, TUSD... can even toss BUSD too despite being BEP2

 I'm with you....  Grin


Today we are fully centralized but as soon as we launch, the road to descentralization begins, our protocol eliminates the 3rd party risk asociated with UDSC, PAX, TUSD, DAI etc.

We are working to transfer The power to upgrade the smart contracts to the community not the fundation. As far as we know we are going to be the first DeFi with this characterist.




The difference is that it is the first stablecoin with bitcoin as collateral with focus on decentralization and with every transaction made through smart contracts.

And therein lies the problem.
Focused on decentralization? What stablecoin is not focused on decentralization after all, they are issued on decentralized protocols.
Yes, you can argue that they are issued by centralized authorities/entities, but are you not just the same?
And smart contracts? I can't boldly argue all stablecoins have smart contracts, but I can certainly argue all stablecoins issued on Ethereum protocol do - USDC, PAX, TUSD... can even toss BUSD too despite being BEP2

 I'm with you....  Grin


Hoping their next response will clarify these contradictions... not holding out hopes based on previous history though. I do know it's difficult to come up with new products in the blockchain industry that will turn heads. However, if it ain't broken and you're not improving on the existing, it sure does beg the question "why?".

Why? because we are bitcoiners, and we need a stable coin that inherit BTC propeties like no counterparty risk and censorship resistance.



 We are glad to share access to MoneyOnChain platform in
@RSKsmart
 Testnet! 

 Check out what Money On Chain is https://youtu.be/3UrVZHh-L4w 

✅ Test our platform here https://moc-testnet.moneyonchain.com

Here are some instructions to access Money On Chain Testnet
https://drive.google.com/file/d/1lflkp7A0ExXpL5Ch-uM-TUeeaCOSq3a6/view

If in doubt, join our community on Telegram and ask: https://t.co/gsqvbpYnrO?amp=1

Whitepaper: https://t.co/m6yAY2gYtR?amp=1

Follow us on twitter! @moneyonchainok