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Showing 20 of 188 results by maxcarjuzaa
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
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
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....
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....
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
BTC collateralized and calling it a stablecoin? The logical inference would be BTC = Stablecoin.
Does not compute
BTC is a very volatile asset. How is an asset collateralized on it anyway remotely stable, unless you're using another asset to hedge against the volatility or you've got a perfectly, functional crystal ball
Does not compute
BTC is a very volatile asset. How is an asset collateralized on it anyway remotely stable, unless you're using another asset to hedge against the volatility or you've got a perfectly, functional crystal ball
I am also having a hard time understanding this idea because if Bitcoin is mortgaged, the value of stablecoins can be very volatile because we cannot be sure which price will be stable in this market. This is a new project but the information in this project is not complete so hopefully they can answer investors' questions here. Although it took me more than 5 minutes to understand this project, I still could not understand how it works
We use over collateralization to maintain the peg, the whole solution is implemented in a smart contract, so there is no counterpart risk
We are going to publish our white paper and Alfa product on the test net in the following weeks, the mathematical model behind MoneyOnChain is complex and not so easy to understand. Said that, the features of the products are crystal clear and the platform very very easy to use.
DOC: Dollar on chain, usd pegged coin backed by bitcoin, the peg is guaranteed by the smart contract
BitPro: A token for bitcoin Holders, it provides passive income and a little bit of leverage on your bitcoins
BTCX: A leveraged long position on the price of bitcoin. (only 2x leverage in the alfa version)
The full version will have BTCX long and short leveraged position on the price of bitcoin at any leverage you choose (logic limits will exist) increasing the passive income for the BitPro holders.
I will follow up this project and see how it goes, I can only wish the team a good success. Another project has a similar mode the USDQ Plantinum-QDAO. Technology is innovative and keeps evolving.
Thanks for your question, I am Max, cofounder of MoneyOnChain
According to their white paper the model of QDAO is the same as maker DAO, we have a different model. One of the main differences is that in our model the peg is guaranteed by the smart contract.
Another difference is that we have different actors with different needs interacting in the ecosystem.
For example,
Alice is a long term bitcoin holder willing to earn a passive income in her bitcoins, so she buys the BitPRO, the BitPRO gives Alice a passive income in her bitcoins and a little bit of leverage, that means that in the long term, when the price of bitcoin goes UP Alice will have more Bitcoins.
Bob Needs a fix amount of USD to buy a new car next month, so Bob sends the equivalent amount of usd in bitcoin to the smart contract to buy the stable coin. He does not need to put any collateral, he simply sends the amount of dollars in bitcoins he needs to the smart contract and gets that amount in DOC, (Dollar on Chain) our first stable asset.
Dave is a trader, he thinks the price of bitcoin will go UP, so he buys a leveraged long position using the platform and pays an interest for that leverage
So now Dave is assuming most of the risk, Alice is earning the interest that Dave pays and Bob has the stability provided by the system
In the following weeks we are going to open our first alfa product on the RSK testnet
Stay tunned
Re: [ANN][RLC] iEx.ec blockchain-based distributed cloud announces its Crowdsale
when are Bitcoin investors going to receive the coins? I've seen in this thread that eth investors already have their coins.
Thank you.
Update: I see my tokens in etherscan but i do not see any incoming transaction, odd, can someone explain?
Thank you.
Update: I see my tokens in etherscan but i do not see any incoming transaction, odd, can someone explain?
Re: [ANN] [BCAP] THE FIRST DIGITAL LIQUID VENTURE FUND - BLOCKCHAIN CAPITAL FUND
If you follow the BTC on the blockchain you will notice that they are consolidating the money in a few wallets (probably cold storage, hot wallet, fee wallet etc, but the fee they are paying is to low so the transactions are not confirming.
I was very excited about this ICO, but now, I am very disappointed of such a "newbie's" mistake.
I was very excited about this ICO, but now, I am very disappointed of such a "newbie's" mistake.
Re: [ANN] AMP - The Currency That Powers Your Attention On Synereo
"An upcoming fundraising campaign, he said, will be a combination of an equity offering for qualified investors through BnkToTheFuture (minimum $1K) and a further sale of already-existing AMP tokens.
AMPs will also be offered on BnkToTheFuture.com, synereo.com/sale and YUNBI at a fixed price, starting at thirty three thousand satoshi per AMP. The price will increase at different stages of the one-month sale and offer bonus AMPs depending on the number purchased."
Source
https://bitcoinmagazine.com/articles/synereo-unveils-tech-behind-its-decentralized-web-1473099722/
So you are expecting AMP price drop to 3k? (~43%)
my mistake, you said 33not 3, so the question is how do you expect to sell amp at 33k satoshi each when the current price is ~5,2k
thanks.
AMPs will also be offered on BnkToTheFuture.com, synereo.com/sale and YUNBI at a fixed price, starting at thirty three thousand satoshi per AMP. The price will increase at different stages of the one-month sale and offer bonus AMPs depending on the number purchased."
Source
https://bitcoinmagazine.com/articles/synereo-unveils-tech-behind-its-decentralized-web-1473099722/
my mistake, you said 33not 3, so the question is how do you expect to sell amp at 33k satoshi each when the current price is ~5,2k
thanks.
Re: Huge bitcoin project moving to another platform because of block size limit
I can not disclose details, all I can say is that I am working with a local bank, we will launch on 2016, we are defining the technology right now, bitcoin is one of the alternatives (not completely discarded yeat) but we need block size to grow since this would be a massive application with millons of customers and at least a couple of hundred thousand transactions a day.
Huge bitcoin project moving to another platform because of block size limit
Long story short this is a massive project from a bank in a 3rd world country. They were trying to use colored coins but guess what? bitcoin can not handle the transaction volume
This is extremely sad.
Devs are thinking that we are no hitting the block limit, but reality is projects are not choosing bitcoin because of this limit.
Think about this as the highway, you do not wait for the new citi to grow to build the new highway you build the road first and then the people build the new citi by the highway.
This is extremely sad.
Devs are thinking that we are no hitting the block limit, but reality is projects are not choosing bitcoin because of this limit.
Think about this as the highway, you do not wait for the new citi to grow to build the new highway you build the road first and then the people build the new citi by the highway.
there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero
yes thats was before debt money. but if you think about it long enough you will realize that 1us dollar can not worth 0 because it is scarse, how is that? all the world has more debt that all the dollars in it. by definition, that is the way us dollars are printed.
now you will tell me china bonds gold blah blah blah.
if china sell all the bonds in one day better for usa, they will rebuy their debt for penies.
Bitcoin wont replace dollar.
Tv did not replace radio
email did not kill postal service
linux did not kill windows
credit cards did not replace dollar
some will spend dollars using bitcoin
some will store wealth using bitcoin
some will send money abroad using bitcoins
some will tip on the interner using bitcoins
that is all, and if that is only 1% of today's on line transactions volume it will be huge
Tv did not replace radio
email did not kill postal service
linux did not kill windows
credit cards did not replace dollar
some will spend dollars using bitcoin
some will store wealth using bitcoin
some will send money abroad using bitcoins
some will tip on the interner using bitcoins
that is all, and if that is only 1% of today's on line transactions volume it will be huge
Re: I am pretty confident we are the new wealthy elite, gentlemen.
I have never seen a boom and bust that wasn't perpetuated by government involvement. Bitcoin is immune from such things.
Oh Atlas, you really were a stupid little troll. Too bad your suicide was as big a failure as your life.
Tomorrow, the UK & USA decide to make investing in Bitcoin illegal, punished by life imprisonment.
Suddenly, Bitcoin crashes and becomes obsolete. Government wins.
Just because you think it would be unethical to do so, doesn't mean that the Government CAN'T and WON'T do something so dramatic.. I'll expect to see very strict regulation when companies start dealing in BTC more frequently and the governments catch wind that companies aren't paying tax. I expect that companies will be required to publicly disclose all bitcoin addresses they own to the government - and so the government will get involved.
No hay peligro actualmente, ni mucho menos hasta enero de llegar a ningún límite. Puedes mirar los bloques que se crean en un día en la blockchain y ver la media del tamaño.
En cualquier momendo podría haber una subida exponencial de los usuarios y por tanto de las transacciones.
La inundación artificial que hicieron hace unos meses atrás, para forzar el argumento que la red quedaba chica, fue una vergüenza total.
Lamentablemente se viene otra, y eso nos muestra que hay que hacer algo, no podemos depender de que todos se porten bien para que la red funcione porque justamente la principal característica de Bitcoin es "trustless" y donde queda el "trustless" si para poder usar la red tengo que confiar en que nadie la quiera inundar?