Quote from: giuseppe.rapallo on September 30, 2018, 11:02:39 AM

Quote from: The Cryptoclast on September 01, 2018, 02:01:43 PM

When I'm reading that buying a token I am getting access to a $34 trillion market I'm getting quite suspicious. Crypto is about trustless systems. Why should we trust the fact that your tokens will be backed by metals?

Hi, Giuseppe here, from Tiberiuscoin.com. Crypto and blockchain is way more than trustless systems. I agree that it's about trustless systems BUT its also about independence, stability, sustainability and a robust legal protection. This is important, and it seems like most of the people forget that. Of course trustless system is cool, but what about the other features? Can I safe my pension in a coin which is subject to 100% volatility? Can I put all my savings into a coin that is shut down for some reason the next day?

Metal on the blockchain offers the following things
1. Trustless: All on the blockchain, everything traceable and reconciled by the network.
2. Stability: Because our coin bears an tangible asset the volatility is capped around 10% (way more stable).
3. Sustainability: Most of the project that i've seen do not offer a sustainable business model. Our structure is from that angle almost "unique" compared to most other ICO's.
4. Legal protection: You can have lengthy discussions about whats a security or whats a derivative or whether bitcoin shall be treated as a commodity. In our case its even more simpler. We sell metals, thats its. The coin identifies you, however, the purchase and sales agreement between you and us is about the metal we sell. The metal belongs to you. We as a service provide store it, but - and thats important - it doesn't belong to us. The aspect of having these information on the blockchain makes it so convenient because thru the blockchain everything is on your phone....no need to store 25 tons of copper in your backyard. The blockchain confirms you a legal owner and no one can change that.

Last but not least, the fact that our coin is subject to a volatility around 10% is very interesting from a investment point of view. Not so much from that perspective of getting rich very quickly but rather from that angle of fighting inflation. Metal are the best protection against hyper inflation and although a lot of people think that bitcoin is the solution for everything, they forgot that a billion people suffer from currency devaluation and high inflation. So offering them a "trustless" and decentralized coin with a 100% volatility - with a valuation based on ....nothing but the perception of the community - is not helping them. This is not a solution. The can't do LITERALLY NOTHING with that type of coin. On one hand they lose more than 50% per year in their local currency and on the other they have 20% swings a day.

Remember one thing, we're not here to replace any existing cryptocurrency, we're here to offer an additional new type of product category. We're more than convinced that as of now the Tiberius Coin might be the only product which offers all these features.

Hm, looks like a swan song for this project, since nothing more has been posted here in the following six months.
I guess I was right after all...

The Cryptoclast

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