/biz/ - Business & Finance

Wow very curious to know who it's going to be

I know Fantom has a S. African connection, I'm sure there are others though. Anyone got guesses?

>>16633851
Revealed soon.

>>16634193
Any hints

>>16633899
Checked and fantom pilled. I don't think any other crypto is in SA and fantom is slowly going all over. Look at this
https://www.zerohedge.com/crypto/brics-nations-discuss-shared-crypto-break-away-usd-and-swift

>>16633899
It will be Quorum. JPM has big ties to South Africa.

>>16633851
We all know this is a fantom shill, kys dipshit

>>16634360

>>16634193
I won't ask for hints on who, but how soon is soon? Also, by the time you reveal, will the (potential) pump have already started/happened?

>>16634329
It’s fantom you fucking idiot, how blind can you low iq linkie biz cocksuckers be?

For fucks sake buy now or stay forever poor

>>16633638
jus say it you negroid

>>16633638
So drop some bread crumbs otherwise its a larp

>>16634515
I'm tempted to by some tranny coins, was going to anyway but it's been dumping even as btc pumps, so I was kinda waiting for a bottom. But I want to hear something from anon, at least a time/day to watch for

>>16633638
I applaud the medium effort post, now give clues

>>16634622
It’s almost certainly a larp

>>16634659
Wouldn't be surprised if Fantom dropped everything on monday right before christmas. Man the Eoy pump would be insane going into 2020. Fantom is easy 1000x

>>16634710
Big if true

>>16634512
I've already seen the document (it is finalized). So it's ready, but it is holiday season in South Africa right now so not sure if it will be this month.

>>16634559
>>16634622
Save this thread. When it is released you will realize I gave a clue in the OP.

I also signed a transaction just so that when I make a new thread in the future you can confirm I am the same person.

>>16634512
As for the pump info, I believe it will have started already yes. I know of two big players suppressing price at the moment (trying to drive price down extremely low to get FOMO sellers).

This sounds insane but it's surprisingly true.

>>16634903
>big players suppressing price at the moment
confirmation bias on my part, but this makes me think fantom too. It's been dumping all week despite bitcoin dragging things up>>16634561

http://webcache.googleusercontent.com/search?q=cache:_3hQfriMPNkJ:fantomfoundation.com/+&cd=1&hl=sl&ct=clnk&gl=si&client=ms-android-huawei-rev1

>>16634969
thank me later

I have Nano and Fantom, cuz best coin and I know that many haters here from miners and very jelouse ppl. So why Nano and Fantom?? soon with climate crissis ppl will watch to what crypto being GREEN!! So: Nano and Fantom:

>FAST!!

>GREEN!!! most important topic. will save planet and all media and politicians and not-miners love this


>FELESS - ONLY NANO HAVE THIS BUT FANTOM SMALL FEE - NANO BEST


SO USE UR MONEY WISELY!! NANO FOR MAXIMUM - FANTOM TO DEVERSIFY UR CRYPTO!!! BIZ BE SMART!!

>>16634982
I hope you die a miserable, painful death you piece of shit

Regarding fantom price lately, some nigger is definitely manipulating. Nobody has that much fantom to dump except some very lucky person who sucked up all the volume from 118 and below. In other words, probably an insider or some market maker trying to get people to dump. The trading is very artificial.

>>16634903
Nice fucking larp you absolute subhuman trash

Come and say that our faces in the telegram

t.me/theREALFTM

You’re the same asshole who posted the fantom ecb larp. Just come out and admit you’re a bagholding shill

>>16635142
u reported.

It's tezos

>>16635239

>>16634880
Price prediction? I see $100 June 2020 easy. Forget raiblocks. Look at ThoreCoin on CMC and look at what it did. From 32c too $1,216 in 6months this year! Only because of bank partnerships. And no i'm not shilling that shit either. I'm saying Fantom not only has banks but BRICS could be a thing too.

>>16635239
No it’s not you fucking retard

>>16633638
Wow, this faggit had 93M eth

>>16635482
It’s ropsten dumbass

>>16635482

>>16635405
Marketcap of thorecoin is 111m tho. FTM has 16m so if it goes to 111m that would only take the price to a little under 0,07

>>16633638
Is it just ethereum?
I can't think of any non-scammy reason to choose any other network.
>>16634880
>When it is released you will realize I gave a clue in the OP.
you literally wrote ETH
>>16634903
>(trying to drive price down extremely low to get FOMO sellers).
matches eth too. Eliminates tezos (the only other semi-plausible candidate).

Given it's Africa, I can see people in the central bank loading on a random shitcoin and then pumping it by an announcement, though.

>>16635810
>you literally wrote ETH
seems a little on the nose, and if you're going that route, could mean anything built on ethereum.

>>16634348
>https://www.zerohedge.com/crypto/brics-nations-discuss-shared-crypto-break-away-usd-and-swift
just skimmed some of that, would fantom allow development of a cryptocurrency that is pegged to gold?

>>16635731
You do know when the price increase so does the marketcap and vise versa when it decreases correct?
>>16635810
What the fuck are you talking about? The one that sticks out the most is Fantom. You might have gotten away with some other coin but eth? You can't be that stupid.

>>16635830
>seems a little on the nose
that would make it a clue, no?
It would make sense for a central bank to issue a stablecoin of its fiat directly on ethereum

the bit about 'partnership with a public blockchain' sounds weird for ethereum though. I mean there's technically ethereum foundation, but would be unusual.
Ignoring the obvious larp option, I would give it 50% ethereum (legit) 50% random shitcoin (only reason - make few people in the central bank rich).
>>16635864
>You might have gotten away with some other coin but eth?
all stablecoins of note are mainly or exclusively on ethereum.

>>16635861
The way that would work would be to have something used a collateral i'd assume. Like another crypto so in theory they could develop it but i'm sure 100% how it would work. It would come from someone else using the fantom ecosystem obviously

>>16635864
>You do know when the price increase so does the marketcap and vise versa when it decreases correct?
Yes...I literally spelled that out for you. The reason you could have made huge gains on thorecoin is because the marketcap went from 25k to 111m (now). If the price of FTM went to $100 its marketcap would be 180BILLION, thats 60billion more than bitcoin right now. The marketcap of FTM now is 16,75m. If it were to go 111m the price would only increase 6,6 times to 0,0612

!!!~!!!!!
https://consensys.net/enterprise-ethereum/use-cases/banking-and-finance/project-khokha/
>Enterprise Ethereum
>Project Khokha: Blockchain Case Study for Central Banking in South Africa
>Increasing transaction volume and network resilience while maintaining confidentiality requirements for real-time gross settlement on Enterprise Ethereum.

>The South African Reserve Bank (SARB), in consortium with seven commercial banks, used Quorum, an enterprise-grade implementation of Ethereum, to create a blockchain-based interbank system that processed the typical daily volume of payments with full confidentiality and finality in record time.

well fuck me. this all sounds too realistic. Literally logging into an exchange to buy eth now.

>>16635886
Doesn't mean there aren't other stable coins or even just coins that have ongoing partnerships in a variety of different countries.

>>16635921
Every article on that site was written on 2018 and there hasn't been any development in SA regarding ETH since. Look it up. You can literally see fuck all on google. Now type in Fantom SA and you'll see articles everywhere.

>>16635921
XAR network is already live, it’s too late for consensys

>>16635983
"What government where the regulators from?"

"Malaysia, Argentina and Kenya."

Sorry to burst your bubble, but banks actually aren't going to use public blockchains

>>16636002
You’re wrong, they already are. XAR is live. But don’t buy, I want you to stay a bitter poor retard like you deserve by your shitty Slave genetics

>>16635905
That is comparing FTM's futures price and marketcap to bitcoins current? As if btc wasn't going to go up in the coming months. Even if it didn't nothing would because btc still has a dominance of 68.8% which makes me so sad lol Just because the Marketcap is high doesn't make you can still make sizable gains.

>>16635952
>>16635966
you don't get it.
There's exactly legit zero reason for a central bank or other big entity to use a public chain that has no existing adoption.
The central bank is implicitly trusted for the fiat token anyway, so it can run the network directly.
Which means the only legit reason to use something else is to integrate with other things already on it.

This is why all those "we only care about enterprise" coins are worthless.

Now again, this is South Africa so pumping up a coin could well be the only reason. Or it could be the equivalent of that Project Khokha PoC. Nobody even noticed it on ethereum, but on a lowcap it would cause a 10x+ by itself.

>>16636025
I'm just saying that $100 by june is not 'easy'. Unless you think that FTM will 'easily' take over bitcoin as the main crypto player. $1 would be very nice, $3-5 would be outrageously good.

>>16633638
I understand that you don't want to compromise your position, but would you please knock out some of the contenders?

XRP
FTM
BSV
ETH
Quorum
NANO
XTZ

>>16636063
Actually you don’t get it. You’re wrong.


Being able to deploy PRIVATE, PERMISSIONED networks, with a PUBLICLY traded coin, does several things:

1. Works with the existing banking system not against it by facilitating deployment of a FIAT currency
2. Allows fiat coin networks to be open source and prepare for smart contract adoption/API crypto economy
3. Outsources the internal database management banks have to do and makes it more secure
4. Anyone can use the payment system so long as they buy fantom, but all transactions are still publicly traceable by the banks, resulting in lower overhead for public adoption of the system while still keeping it accountable to illicit usage
5. The network pays for itself, making a more transparent market in the fees validators charge to users of the network
6. Encourages banks to set price floors on fantom to secure the network
7. Since it’s permissioned with latest tech it scales infinitely and securely so it will be actually USED for day to day transactions
8.This is all only ONE usecase, stablecoins, which will result in strong network effects for others to adopt Lachesis technology for other permissioned networks, such as smart contract networks and smart cities, all scaling independently

>>16636087
>XRP
>BSV
>NANO
>contenders
>>16636097
>Being able to deploy PRIVATE, PERMISSIONED networks, with a PUBLICLY traded coin, does several things:
"being able"? that's a private blockchain except there's a pegged token to something external.
Literally everything with smart contracts supports this.

more importantly though, why? in this context there would be a fiat currency on the blockchain. Why the fuck would they choose to use a separate coin to pay fees on their internal network? That's just absurd

>>16635921
Pathetic 9.7 txs

>>16636063
Fantom has adoption in multiple countries smooth brain. Austraila, SA, India, and others. The fuck are you even saying? It already has a partnership with a bank with is why XAR is partnered with them. I will say to you again. Every article on the page you linked was back in 2018.. nothing since anywhere... unless you show something more substantial then outdated shit

>>16636133
Kek, based dunning Kruger affected retard. Re-read what I wrote until the 2 neurons in your brain rub together and get it

god this thread is fucking pathetic. Some of us actually know who it is. If you know you know.
>>16633638
this guy is just some guy who probably got leaked one of the documents that was leaked to a group of specific people today in a specific telegram group. You're probably a member of the "social marketing" telegram right? If you're who I think you are, which you probably are, I believe I sent this to you on PM.

Please do not continue to post stuff like this as we are still accumulating and I have a few hundred K I will be buying before then

>>16636143
>others
Afghanistan

>>16636143
nobody uses your random shitcoin anon
it really sounds like you believe your own bullshit

>>16636260
Except banks are literally using it as we speak you fucking faggot

>>16636260
You won't even look into what i'm saying to fact check. When it's fantom that gets announced you're going to have heart palpations. Just remember to breath before you have a conniption

>>16636260
I can smell the curry on you

>>16636299
>>16636347
kek I actually looked for the block explorer, found what I expected
https://explorer.xar.network/validators
19 validators, roughly 1 transaction per minute, all just fantom transfers. I'm sure central banks are lining up kek

as for the bank, yes, there's the scam option, so maybe it's indeed fantom, or maybe just a PoC like many. Fantom doesn't even appear to have support for zk-snarks, not to mention anything building on it. No actual company or bank is going to show all of its transfers in public.

>>16636554
wow sick fud too bad that's just not true. You realize the mainnet was created to accompany the needs of the banks specifically right? and that the CSDT is backed by money in the banks storage right? of course you don't. But you'll miss this like you did with btc and eth.

>>16636002
I thought the same last year. Really surprised by what I found out this past few months.

>>16636063
Testing on the chain was done in small instances since June of this year. Lots of testing to ensure viability.

>>16636591
what's not true?
Also, that centralization. 5 validators own the network. What a joke.
>You realize the mainnet was created to accompany the needs of the banks specifically right?
no, it was created to sell the ico.
Confidential amounts are an absolute must. Imagine the world in which all transfers are fully transparent. Just from amounts going in different directions it would be possible to recognize who the suppliers and customers are for any particular business.

>>16636610
>Testing on the chain was done in small instances since June
testing on the public chain directly, not on local networks or testnets?

>>16636742
Testing was done on private testnet months ago initially, but has since been done on the public chain for the past 2 months

>>16636187
kike

>>16636887
Well so at least it's not a fantom shill, as the network appears to be two weeks old.

This is absolutely pathetic.
Cryptocucks so desperate to get their money back that possible news about a "partnership" between some shitcoin and the Jenkum National Bank of Black Afreaka is the only thing keeping them from suck starting a shotgun this week.

>>16637179

boiling

>>16637179
Not a LARP.

>>16637194
He really is

>>16636683
>created to sell the ico
The fuck are you even saying you seething jeet? Go ahead and post your multivac like you been itching to do. Not to mention Vietnam is on that pic which if you haven't looked up you should. You are literally going to explode when you realize you're a trench brain.

>>16633638
Another large thread wasted on an obvious scam token. I miss old biz. People shouldn't even bother to reply to FTM threads.
Just let them die... along with the project itself.

>>16637814
Nice troll friend

The entire thread is pure speculation.
So far I know Fantom is most likely a scam, although I'd like to think it's not.
Too many red flags since the ico.

>>16637814
or you could just buy

OHHH I"VE GOT A FEELING A FEELING ITS FERRUM

>>16638721
yeah but anyone who calls these people out on their delusions just gets called a seething no-coiner.

>>16638721
>>16638818
Because all of the "fud" you copy and paste has been refuted several times over. I don't know how many threads have dropped mulitple links that are proven facts and not speculative. Yes I will agree that this thread is however the majority of the threads literally just drop news or updates and people refute it even though its right in front of them... so yes.. seething jeets.

>>16638721
Thread may or may not be speculation but everything I have said is only factual.

>>16633638
Fucking based
I remember you posting before

The team behind Xar network entered the SARB Digital currency project and they have payment infrastructure around SA already

oh look, another pajeet BSV shill thread on /biz!

How innovative, how original!

>>16633638
Digibyte?

>>16636018
>XAR is live
tghey havent even launched statheros yet afaik
either way fantom is an absolute shitcoin

>>16639918
Xar is a fantom statheros mainnet.

Fantom built the statheros stack. The brothers behind xar entered the SARB project. SARB will release when ready.

simple

>>16639918
Xar network is a fantom statheros mainnet.

Fantom built the statheros stack. The brothers behind Xar network are using fantom statheros and entered the SARB project. SARB will release when ready.

simple

KEK its gonna be Stellar and IBM ez

>>16636069
Kek That would net me 1,4 mil. Never happening!

Anything involving South Africa will get fucked up.

So many brain dead people here that are in high positions.

>>16636097
Based....so based

the discord trannies are at it again i see

Apparently it's going to be ETH.

>>16641309
They'll be paying fees to NChain so I can live with this.

>>16636683
>you in 2009: “only satoshi and hal are running nodes, I CANT buy, way too centralized!”

>>16641309
It's xar network - fantom

>>16638812
If it is Ferrum I'm going to be astronomically rich, scooped up that shit under $800 000 marketcap. FRM's already working with a Nigerian bank, so it's possible...

>>16640738
It will happen. Just wait.

>>16640738
I'm talking about that being the ATH because people FOMO in. It can happen and has happened before.

>>16641648
It's not ferrun

>>16641309
>Apparently it's going to be ETH.
apparently? based on what?

>>16642185
Man I just don’t see it being eth. Even if it’s not fantom there has been nothing to note of Eth doing anything in SA this year. There are a few coins doing things in SA and the only reason people like myself believe it’s fantom is because of the xar network. Truthfully it could be another coin but ETH is just unlikely.

>>16641751
Based

>>16642674
It's not Ethereum. The SARB worked with ConsenSys on a project years ago with Ethereum but the result was that the network was too slow to handle bank payments.

>>16643549
NEWS FLASH EVERYONE IN THIS THREAD
IT'S FANTOM
FANTOM IS WORKING WITH SARB
FANTOM IS RUNNING THE CENTRAL BANKING MAINNET
ITS FANTOM ITS FANTOM ITS FANTOM ITS FANTOM ITS FANTOM ITS FANTOM ITS FANTOM ITS FANTOM ITS FANTOM
/thread

>>16643593
I'm not convinced yet

>>16643593
sorry who is it?

>>16641648
Hahahaha you can’t be serious.. Fuck you sound deluded

>>16643549
This coincided with crypto kitties unfortunately. Ethereum btfo. Seriously why do maxie faggots (btc and eth) think their shitcoins are so superior when all they really have is first mover advantage. The brave high iq anons like us who take on the risk early will reap the rewards, reddit and normies will be buying our ftm bags at 5$

>>16643593
Any non-retard has realized this by now

>>16641309
Idiot

>>16643549
how boring, and I hoped it was going to be a real central bank stablecoin

>>16645033
It is...fantom

>>16645037
it's not your shitcoin >>16636887 unless he got really confused in a larp

>>16645063
Fantom fudders get the rope anon

>>16645083
the mainnet of your shitcoin is two weeks old
>Testing was done on private testnet months ago initially, but has since been done on the public chain for the past 2 months

It's fantom

The team behind xar network announced they were entering the SARB project months ago

>>16644858
Even now, Ethereum speeds are not fast enough for bank needs.
>>16645091
Without naming names, public chains can be run long before official announcements that the chain is active. Just would have few users.

>>16645091
You can focus on that sentence m8. Not having a stack of Fantom at this stage is some real onions boy shit

>>16645184
the chance that a central bank is going to use an empty and independent mainnet is exactly zero.

>>16645121
>xar network announced they were entering the SARB project months ago
a millioin shitcoins entered a bid with the SARB you faggot. and the central bank already did a pilot project with quorum in the past there is absolutely no evidence that they will pick fantom god you retards are deluded

>>16645255
Actually I was shocked too.
Of course the bank won't put a lot of their assets on it initially. Less than $1m. Then more as the network grows.

wtf I found the original document, and what they are asking for is literally impossible.
>It must be able to operate on a peer-to-peer (face-to-face) basis as well as online. In the absence of connectivity/Internet/data, consumers must be able to transfer value to each other or to a business. This implies that mechanisms will be required to enforce offline transaction limits, prevent double-spending, and reconcile transaction data once online
>prevent double spending
>offline

it's going to be an actual launch, but a study
>The purpose of the feasibility project is not to procure a solution, but for the SARB to develop a position on the desirability and feasibility of issuing a CBDC. Once the feasibility project has been concluded, the SARB will decide on a course of action going forward, based on the outcome of the project

>The SARB intends to execute the CBDC feasibility project, in the innovation lab (sandpit) environment, in two stages:
>Stage 2:
>This stage will extend participation to selected banks and mobile network operators, and potentially to payment service providers and niche technology providers. The set of use cases will be expanded to include the full value chain in order to determine the feasibility of the solution to satisfy the objectives of the SARB

also
>Commercial requirements
>Valid broad-based black economic empowerment (B-BBEE) rating certificate(s)
lol

>>16645384
>it's going to be an actual launch
should be
it's NOT going to be an actual launch

>It must be possible to withdraw/revoke a CBDC by serial number in case of proven or suspected counterfeiting or theft
what serial number? who even wrote these requirements

>Consumers must be able to transact in CBDC using smart phones and unstructured supplementary service data
there's literally nothing about anonymity. They really want to make a banking network with transparent balances. Weak smart phones exclude the use of zk-snarks, and the use of a central server to generate proofs is forbidden by the offline requirement.
Jesus christ. Imagine paying in fucking South Africa and showing everybody how much you have on your account automatically.

but now it's more likely that it's going to be some mainnet, as it's a study and they're using what any particular team provides.

with all these dumb requirements it's going to end up in a disaster, especially lack of anonymity. Probably good it's not ethereum.

>>16645542
Based anon reveals how scammy FTM is.
Frens don't let frens get rekt on shitcoins. Bless you.

>>16645799
that doesn't mean it's not going to pump on the news, whatever it is.
it depends if the central bank titles this 'cbdc solution x moves to stage 2 of the pilot project' or as something that may fool normal people it's a done deal rather than PoC.

https://web.archive.org/web/20191127194708/https://www.resbank.co.za/AboutUs/Departments/FinancialServices/ProcNew/Lists/News%20and%20Publications/Attachments/40/EOI%20MR01-2019-0.pdf
I don't know why but their site is not loading for me normally. Did they turn it off for Christmas or what

>>16645318
Millions kek

Fantom didn't enter. The team behind xar network did

The winning team were selected a while ago and since then xar have launched their chain.