Quote from: markm on October 09, 2021, 12:56:51 AM

Best is contact me on KEYBASE platform (encrypted chat with a Stellar wallet built-in).

My handle there is "knotwork".

The info pages at http://makemoney.knotwork.com/stellar/ should actually say that, also I set up a "federation info" thing that should let clients get info about the coins including a note about how to bail-in / bail-out which should say to contact "knotwork" on KEYBASE.

Messaging here on the forum would work too but has no real expectation of privacy and in principle could even be spoofed by whoever runs these forums nowadays.

KEYBASE is end-to-end-encrypted, plus having the builin Stellar wallet kind of makes it "ideal" except for its wallet's lack of actual trading in the markets capability. You'll still need some other Stellar wallet to access the trading-pairs.

Basically how bailing-in works is you send me coins on the blokchain and in return I send you tokens on the Stellar platform.

Then to bail-out its the reverse, you send me my tokens and in return I send you coins on blockchain.

The bottleneck is I like to only create tokens representing HALF of the coins I actually have, so that if I choose to I can bury the coins represented by tokens insanely-securely with complicated multi-key systems putting partial keys into multiple safety-deposit boxes or whatever, not caring how hard it might be or how long it might take to dig those coins back up again because I still have the other half of my coins on hand to buy back my tokens with.

The occassionally-occurring drawback to that redundancy is that if I do not have enough tokens already on hand for the amount of coins someone wants to bail-in I can anly tokenise half of what they send me so have to come up with something else for them to buy with the other half so that I can continue to only tokenise half of the coins I actually have.

The good side of it of course is it means I am on a 200%-reserve system rather than a fractional-reserve or even merely 100%-reserve system.

So first thing to know is what kind of number of coins are you looking to bail-in?

-MarkM-

i have approx. 5k SCIFI coins to bail-in would you please pm me your details so that we can proceed?

thx