/biz/ - Business & Finance

Tether is a fucking time bomb. You're delusional if you think the US gov will allow these fuckers to keep what is essentially a cryptoUSD that can be easily traded across borders. When this goes tits up bitfinex, bittrex, binance, and any other exchange that uses tether will go under

Pink wojaks everywhere

>>6483452
Good point. How the fuck is it even legal to build a currency backed by another currency (by an actual country)?

This is mafia shit and stuff is about to be swatted.

>>6483245
Op you seen to have an open mind may want to.take a look at this.
End game of crypto
https://youtu.be/1BfMFOd0-l0

>Google releases gBlockchain or gSmartContracts.
>Or Paypal releases PayCoin.
>Or Amazon releases Swindle.
Dozens of coins obliterated.

If you believe any of that you are a blue-pilled cuck beyond all salvation. Fuck I hate nubiz.

>>6483952
this is what I'm waiting for. Is there any coin this wouldn't hurt? Bitcoin?

>>6483452

>>6483245
Survival of the fittest. This means the actually legit projects will thrive. Which is why vitalik is also trying to go to inter active coin offerings to get rid of some of the noise

>>6483952
>Swindle
kek

>>6483245
>which is temhe ultimate inflation because there is not enough purchasing power for every coin to moon or even sustain
Whales buy 1M or more of each token added to CMC daily so they will pump it eventually

Crypto is globalism and globalism is destined to fail.

>>6484019
Bitcoin does the most basic use case, and there are many coins already that do it way better, and it seems to me that it's slowly dying because of fees and times.

>>6484191
Crypto is the only kind of globalism that can actually work

>>6484116
>Which is why vitalik is also trying to go to inter active coin offerings to get rid of some of the noise
?

>>6484196
first mover advantage/brand value is more important than tech for the near and midterm in my opinion.

>>6484191
> a central pillar of economic development since the peace of westphalia which has dramatically increased global standards of living is doomed to fail.

Ok anon, just keep telling yourself that economic nationalism is the only way forward because minorities are smelly.

>>6483245

trudat. also bitcoin inflation, once bitcoin is denominated in mbit or sats, then suddenly theres 1 trillion new bitcoins, denominations are social constructs and scarcity is artificially imagined imposed to give it value, but its all social scales ordinalities.

[which is why im more pro stellar that faces this issue head on at 1% per annum]

>>6483245

>crypto will not end banks, they will become crypto-banks

>crypto-banks will still do fractional reserve banking and high risk securities, this problem will not go away

>many cryptos with good uses, don't actually require a token.

>many cryptos are based on eth, which still doesn't scale

>all cryptos follow BTC in market price, even though its useless and bound to crash

>>6484357
>measuring standard of living in fiat
>conflating success of capitalism with globalism

Demographics are the BIOS layer of an economy; ignore them and you lose your civilization long term.

>>6483245
If deflationary assets like BTC become the universal currency for a country like the US the economy will tank because people will not buy anything or produce anything other than BTC,

>>6483245
Crypto mass adoption would make banks obsolete. Do you seriously think the government would allow this? They would lose everything
All they have to do is make trading crypto illegal under the guises of:
>muh terrorism funding
>muh anonymity
>muh drug money
And in one fell swoop everyone with money in crypto loses it all.

>>6484247
I'm not gonna spoon feed you look it up

>>6484191
But crypto is the best kind of globalism - we can make money off of pajeets without having to look at them or smell them

>>6483952
Countries globally peg their local currency to the US dollar.

>>6484435

you can say value of gold is 1 million, if its a tonne, they used to measure gold not in ounces but in pebbles, but you can measure in tonnes too, then u say, gold (at 1 tonne metric) is more valuable than bitcoin. so once the fictive unit 1 bitcoin is the tonne, we'll just say sats, and there'll be trillions.

value doesn't derive from objective quantities, scarcity is an ideology, value is the result of relational qualities than in economies of growth are inherently inflationary, subdivisible, multiplicable, etc

>>6484320
>first mover advantage/brand value
this is not a good argument for one coin to have more value than another.

Why a chain of 1s and 0s can be worth 100000 times more than another chain of 1s and 0s is the fundamental question that needs answering if you want cryptocoins to be something other than this century's tulips.

>>6483583
Its perfectly legal if they actually have the cash to back it up.
Gold backed USD was really just the same thing.

>>6484457

exactly, see mamans varoufakis writing on bitcoin,

>>6483245
This is easy. Stop buying bitcoin clone number 38787. Buy ETH and "Blockchain as a service /platform" cryptos

if dubs, the fiat bubble will pop first

>>6484596

>"Blockchain as a service /platform"

Like REQ?

>>6484320
this man is correct

>>6484578
this man is retarded and doesn't understand how our lizard brains work

>>6484600
HERE WE GO

>>6483245
One thing is for absolute certain. Blockchain is here to say, nobody can argue with that. Ethereum and the ideas behind it (the base layer blockchain to be built upon) will make it far too useful to ever go away. Ethereum is here to stay and therefore crypto is not going anywhere.
Who the fuck knows what blockchains will be used for in 5-10 years time though, we may laugh at ourselves for ever thinking they could be used for mass adoption currencies.

>>6484631
Like niggercoin

>>6484578
That's a perfect argument for one coin to have more value than another. The tech is important, but a currency can only be valuable if everyone agrees that it is valuable. 99.9% of the world hasn't heard of your favorite shitcoin, and thus don't see its value. Bitcoin, on the other hand, is well-known and accepted to have value by many.

>>6484596
Dude my whole portfolio is ERC 20 tokens that claim to have a use case

>>6484600
big if large

>>6484456
>Implying I'm talking strictly in fiat.

Life expectancy, literacy, access to electricity/consumer goods have all risen substantially.

Yes demographics are important to the economy and western demographics are absolute trash, growth pyramids of most western nations are fucked. The two options are either go back to muh traditional societal norms (ensuring women are locked into the baby making role and the roll back of contraceptive medicine.) Or, take in excess population through immigration. The former is incredibly difficult and hardcore conservatism would need to gain a hell of a lot more traction and then try and reform society in some fundamental ways (extremely difficult). Even if this was accomplished such a state would have much more serious civil strife than that caused by immigration and their economy would be shocked as they now rely on a globalized system of production.

It's hard to go back and ultimately not worth it.

Buy factom

>>6484600
well played, anon

>>6484631
no. platforms like eth, nxt, nem, qtum, waves, eos, stratis, iota, cardano, etc.

>>6484600
SO IT HAS BEEN FORETOLD

>>6483736
Fuck this, im all in, go rich or die poor

>>6484516
this. globalism is only bad when (((they))) control everything.

>>6484775
buy ski goggles so you don't get flying shit in your eyes when you walk outside, Pajeet

>>6483245

>most of the market cap money doesn't exist

Why do people say this? What sources are there to back this claim?

>>6483452

That's why you should buy bitshares

>>6484067

>fed and the stock market

>>6484600
>witnessed

uhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh LONG ON RIPPLE

SAVE ME GARLICHOUSE!!!!

>>6484600
I don't even know what you mean, but most of the responses to this post got dubs too... so I guess it's truth

>>6484578
Why is facebook more valuable than myspace

why is amazon more valuable than ebay

the value of a network grows with the number of users

>>6484469
Faggot

the word crypto sounds annoying and nerdy as fuck. you fucking morons need to understand that this shit will never become a reality. The entire fucking market won't even come close to Apple's market cap. Fucking sad pieces of work in here.

>>6484775
Doors factom survive the fiat bubble..?

>>6484849
market cap is just the last transaction multiplied by the number of coins. if the majority of people purchased for $1 but the last person purchased for $10,000, the market cap is $10,000 x #coins, even though that many dollars never went in

>>6484461
This is both practically impossible and will fuck their country long term . The most they can practically do is fuck with the interface between Fiats and cryptos

>>6484849
Do you think that, if satoshi nakamoto came back and tried to sell his entire stack of BTC, he'd be able to sell it at $14000/BTC?

>>6484774
>it's hard to go back and ultimately not worth it
The problem is that "conservative values" are in our blood. Whether it's "economically favorable" or not, it'll be back, just because it's human nature. It'll be messy and painful, but history shows that this is the natural course of things.

>>6484978
This doesn't necessarily translate well here. Btc has proven itself to be more secure than eth. Nyc power grid was on grandpa tech for a while.

>>6484849
If I sell a bitcoin to you for 1 million dollars the bitcoin mcap almost 100xs without any more money in there basically.

>>6485065
So what do you mean? Are we lower or higher than what the cap says on coinmarketcap? I didn't know this. So are we fucked or not?

>>6483245
>coins on unlimited blockchains can be printed
Shares for unlimited companies can be printed too. Why invest in facebook, if any basement dweller can make a website like this?

>>6485136
Math is not your strong point, huh?

>>6485136
There is not enough money in the market for everyone to sell at even 10%market price.

5% of people will make it, the others will be literally worth 0

>>6483245
What will happen with the BTC futures market?

>>6485201
>implying math isn't my strong point because i don't care enough to look into something
Holy fuck, keep jumping to conclusions!

>>6485212
Final firework, immediately crash.

>>6485136
we're higher , way higher. but it's not necessarily a problem, stocks work the same way.

>>6484578
>Why a chain of 1s and 0s can be worth 100000 times more than another chain of 1s and 0s
Because one has more hashing power, means it is more secure and in addition has the longest chain, means contains the most data. Your shitcoins will eventually all die when more and more hashing power moves to btc and more data gets stored in the blockchain

>>6485208
How much time you give this whole rodeo?

>>6484578
The bitcoin network is by far the biggest and strongest, aka safest.
Any one of those shitcoins that have POW can get attacked and full on fucking murdered instantly if some pool of miners decides to do it.
Attacking Bitcoin would cost $4,993,344,164 in hardware plus $8,924,385 per day in electricity.
Until some other currency legitimately takes over, and miners decide to support it, BTC will stay king.

>>6483245
you should learn about conventional markets if u think that crypto is in any way fucked up

>>6484578
Because poeple will give goods and services for those 1s and zeros . It's the same reason why some 1s and 0s are illegal ,some can get poeple killed and some can can make you build room temp quantum computers and cold fusion.

>>6485272
this. there's hundreds of trillions of dollars in derivatives out there, worth several times the global gdp. they've been running the tether scam since before we were even born.

>>6485104
There's the rub. I don't even dislike conservatism in discourse, it's an important check on "progressivism." In terms of economics though I'm skeptical that conservatism has many answers to offer.

>>6484978
why is some abstract painting is more valuable than a detailed fine painting?

Because is rare and some rich asshole paid for it. Your premined shitcoin is rare?

>>6485039
>buys based on name
Found the tron fag

>>6484964
you better start to understand what I mean before it really comes true

>>6484811
Doubly confirmed

>>6484578
>Why can one arrangement of matter be worth 100000 times more than another arrangement of matter

>>6483452
Nobody is actually trying to cash out tethers tho

>>6485479
I have never been invested in tron, actually. Kind of sucks when you think you know something about someone but it turns to be to false, huh?

>>6485549

>>6485572
>comes to anonboard
>expects others to give a fuck about them

>>6485471
mincoin is rare.

>>6484774
Your whole premise is that policy should optimize for 'the economy' which you arbitrarily define as life expectancy and access to goods. The question is do we want to optimize for these arbitrary globalist KPI's or do we want to optimize for civilization quality. But, either way, actually, importing shithole countries into first world western nations will hurt those KPI's as well, long term. The way to make huge societal advances that really bolster those KPI's is through the inventions of great men, and you don't get Isaac Newtons by breeding Europeans with Somalians.

>>6485572
Are you 12

>>6485607
>Makes a claim about someone
>Finds out he's wrong
>"buut i never cared in the first place sooo"

How retarded are you?

>>6485549
how can poo in loo be more valuable than poo in street, pajeet, my son?

>>6485717
I wish normies would leave this board

>>6485220
>doesn't care enough to look into something
you will probably fall for one of the coin cults that infected this board, if you havn't already

>>6484600
>>6484811
>>6485533
Kek is here, and he's gently caressing the surface of the fiat bubble with a needle

>>6484578
How is this not in the arrangement. See clothing?

>>6485666
Checked

What does "civilization quality" mean? I'd rather be a citizen enjoying the economic strength of a society then enjoy some kind of ethereal strength of my "civilization." Besides "great men" are products of structural opportunity within a society. Napoleon wasn't great because he was the most french, he was great because he studied mathematics and military history with greater vigor than the aristocratic fops who assumed they were great because of their stock.

>>6483952
No one wants PayPal coin, crypto is where you go after PP fucks you.

>>6486144
it shocks me anyhow, that some of these retards so strongly believe in national identity, when its something that (for most of us seeing how we're most likely not aristocrats) wouldn't have mattered in anyway about 200-300 years ago

>>6486144
It's only ethereal because we have so little of it right now. It's the pleasure of living in a high trust society, being a part of a real community, and knowing that your community controls its own future. This was taken for granted in the west until we suddenly didn't have it anymore in the 20th century. Personally I'd rather have that and have to poop in an outhouse and use a well than live in a world of atomized media-saturated consumer droids with no heritage or roots, many of whom are set on actively destroying western culture.

Napoleon having no shithole genes was a necessary but not sufficient component of him being great.

>>6486639
ethereal, where can I buy this shitcoin

>>6486268
What are you talking about? Living in a society without aliens or savages was taken for granted for all of human history until about 40 years ago.

>>6486826
>>6486639
>>6486268
>>6486144
/pol/

>>6486268
yes.... good goy, national identity is retarded as fuck, i agree completely. fuck solidarity.

>>6485212
>2008, culmination of greed and jewery crashes market
>Szechuan Nintendo invents crypto to free people
>mostly under the radar for a few years
>people take notice, price increases
>greedy jews attempt to kill btc with legislation, fail
>2017, realize they can't kill btc outright, they must control it instead
>dump a fortune into crypto market, drive prices sky-high
>dump bags on new investors as btc approaches 20k
>btc market artificially inflated, ripe for correction
>create futures instrument, settled in cash
>introduce small futures market at first, go long
>everyone reassured, price still stable
>introduce large futures market, go short
>initiate crash of crypto market, in particular btc
>make a fortune in btc futures contracts (in cash)
>use newly acquired cash to buy up large amounts of btc at a discount
>do this over a period of several weeks so as not to drive price up
>simultaneously pump coins like xrp, which are bought with btc
>open new futures contracts, go long
>pump btc to new ath, far out of reach of retail investors
>now make tons of cash on futures contracts again
>also holding large amount of the limited btc supply
the darkest truth of all of this, is that crypto has given us the path to be rid of the greed, corruption, and jewery that is the result of our money being controlled by centralized institutions. But we became so blinded by our own greed that we are allowing them to to take this opportunity away from us too.

>>6484447
This guy gets it. Crypto is just a way for all of use to voluntarily agree to digital currency that can all be tracked and monitored killing cash, the only true anonymous currency.

>>6487050
add in blocksteam jewery before they buy and lightning network after lightning network somewhere after futures short and you have a beautiful copypasta here

>>6484811

>>6487294
It's not like fiat isn't already monitored and we don't care. Same to just make it public, at least that way we can all see that nobody is scamming us. Personally I'm not too concerned about my money flow being public, I consider the stuff I write on the internet and on my PC a lot more private than some numbers of money.

>>6486639
Why shouldn't I be able to trust outside of my ethnic group? Why is community predicated on ethnic homogeny? If ones civilization is so great why should you fear a few people who disagree with it? I'm assuming you're American, If not I apologize but wasn't one of the features of American "civilization" the assumption that anyone can come to America and become American? Wasn't part of the pride of being American the ability to persuade others to the American way of life through better living standards and equality under the law? How does being not white effect this principle of American culture?

Also is Corsican now a great civilization? If so is it because of their structural advantages or is it simply because they were white? The only advantage Napoleon gained from his whiteness was his ability to be considered for military command.

>>6487294
>thinking cash is anonymous

lolok

>>6486998
national solidarity is an invention of the last century or two it literally didn't exist for peasants who worked all their lives in fields
>>6486826
literally the opposite is true

>>6487526

I want to give this a proper response but I have to go to the gym. If this thread is still alive when I get back I'll elaborate but the short answer is America as it was created was a largely ethnically homogenous state. It's only in the 20th century that the species of propaganda that you're alluding to was disseminated by the mass media. And community is predicated on ethnic homogeneity because it is. In other words it's not a normative statement I'm making necessarily, just merely an observation of how the human race operates.

>>6486639
you do realize that in most countries this national identity until about 200 years ago didn't exist outside of the upper social classes right?

>>6487902
Oh yeah I must've forgotten all those Kenyan founding fathers and I can't forget the Swahili lords living in Normandy. The fuck are you talking about?

>>6487050
I will be watching, it is easy to see what stage we are at now.

>>6483736
What is Monero?

>>6488525
I ironically might move some of my ETH to Monero.

>>6488155
In most European countries, during wars etc. the lowest class had no national identity, most of them were illiterate and knew nothing about history etc. therefore had no national identity they didn't care whose land they were on as long as they had food

>>6487987

>>6488622
They had an ethnic identity brainlet.

>>6484600
>>6484677
>>6484711
>>6484811
>>6485533
>>6486144
>>6485666
>>6488155

>>6484019
Worse case is Bitcoin will be taken over by the government. Thank Coinbase and XRP for that. Just like they took over America to get control over the world through their central banking system, they will do it with crypto.

So get rich now while you can and buy a fucking tank. A lambo isn't gonna save you when the police have them too. Tanks, bunkers, guns, ammo, food, tight knit group, and growing knowledge of survival is the true comfy.

>>6488622
>the lowest class had no national identity
So as the ruler class. It's just a fairy tale for plebs.

>>6489021
Nope, they had only religious identity at the best

>>6484679
The only use for a blockchain is a currency. It might not be a traditional currency, but a spendable resource (think Golem with computational power).
If there's no incentive/reward to mine the blocks, it simply doesn't work.

>>6490170
>The only use for a blockchain is a currency.
Do you consider gasoline a 'currency'?
'Coins' are simply 'Gas' for the blockchain computer network. That's what you buy when you buy a coin.

>>6488622
No you’re wong, stop spamming tge thread. They had such a strong sense of communal identity that conceiving of a world without it would be difficult. It’s like your saying a fish doesn’t know what water is

>>6490307
Yes. What I mean is that there are two requisites for blockchain to make sense in a given situation:
- it should be a decentralized system
- mining should be profitable (otherwise, nothing guarantees the network will be secured)

There are cases in which blockchain is not the right solution. It's not a silver bullet, but a new tool in the repertory of databases.

Multinational corporations will take over and each have their own crypto token/currency and you will be paid in that and can only buy that companies products

Corporations will replace governments and people will be tied to corporations through crypto similar to serfs tied to the land

>>6489398
Come on anon, I see what you're trying to do but once you get away from historical precedent as a justification for everything you'll find the argument much more tenable. Why argue that there wasn't ethnic conflict in the past? It's easier to argue that it's not really this way now (on any significant scale) and that it shouldn't be.

>>6484679
>Who the fuck knows what blockchains will be used for in 5-10 years time thoug

the samething blockchain was used 5 years ago. silk road.

>>6484745
>Whole portfolio is Chuck E. Cheese tokens with no equity.

>>6483736
Excellent link! Thanks!

>>6487050
the conspiracy theories you retards will go because you csn't see that.... most people are greedy and want to make a few bucks shilling pajeet shitcoins. ain't got nothing to do with (((them))).

>>6484978
You're comparing companies with real world use to vaporware

>>6485561

Ignore the doomsaying autists. Tether is an absolute stroke of genius, it’s essentially quantities easing in crypto form.

What do I mean? Normally printing money causing inflation and collapse, after the GFC economists had a genius idea, because paper money is fiat, as long as newly printed money doesn’t enter consumer circulation it won’t cause hyper inflation, as long as the grocer who sells his milk for 1 USD can buy bread for 1 USD then the USD will remain at a stable price. So what the government did was it printed tons of USD sand pumped it’s into illiquid assets and securities, thus causing the stock market to grow and increasing the net worth of extremely rich people who don’t feel the need to cash out anyway. The thing is autists and conspiracy theorists think this is unsustainable because they don’t understand game theory and what makes fiat work. Tether is an exact copy of this mechanism, as long as no one tries to cash tether out then it won’t collapse, no one does cash tether out because the tether itself increases the value of cryptos. Everyone who says this will collapse is an autist and will basically spend the next five years doomsaying whilst being dumbfounded by how the system continues to work. People have been talking about the imminent tether collapse for over six months and nothing happened. Screencap this because in another six months people will be talking about tether and nothing will happen.

>>6483452
the end game of crypto is DESTROYING THE OUR CURRENT FINANCIAL SYSTEM.
why would I care if I can't convert BTC -> USD if I can use BTC or any other crypto to buy anything when we reach mass adoption.

>>6492255
I don't see that ever happening. Even if we get Lightning and other off chain mechanisms, even if the fees go to zero and transactions become instant, the problem of volatility remains. Nobody oficially knows who even Satoshi is, do you think this slow, boomer oriented cuck corporate world would adopt a currency crashable by a bunch of early adopter autists? At best we'll get some central bank controlled, government backed NWOCoin to be used as cash plus some smart contract/iot based backend for logistics, insurance, banking, etc.

>>6484600

witnessed

>>6492255
>the end game of crypto is DESTROYING THE OUR CURRENT FINANCIAL SYSTEM.
Not happening. Wake up from your fantasy.

>>6492599
>>6492857
I encourage you to screencap your posts and revisit them in 10 years

>>6492949
So you honestly think Bitcoin will be some new global currency? Don't get me wrong, I still think there will be some shops / services accepting crypto payments and their number will increase over time, but wages being paid in BTC? Global GDP / debt in BTC? Come on now, m8. I think the real future of blockchain are smart contracts and internet of things, so mainly the "backend", as in normies will actually still use the blockchain technology, but without fully realizing it.

>>6483245
>unlimited erc 20 tokens and other coins on unlimited blockchains can be printed
1) Most of them will eventually be worth zero.
2) Some of them will be valuable.
3) The market decides which will disappear and which will be worth something.
4) Coins that serve some purpose will generate demand. Coins that are useless won't generate any demand and will disappear.

>>6484152

>>6483736
Cheers for the black pill.

>>6493530
Well, we all know the world is going to shit and our "earthly" freedoms will slowly diminish. The real question is: how do we make enough money to escape from this beast machine for a reasonably long time, ie how to get to the highest tip of this sinking ship as we watch the poor souls beneath us fall into darkness?

>>6484600
Excellent.

>>6493867
All in on link.

here's whats going to happen. Banks will adopt nationally backed crypto because it can't be counterfeited. but it will be centralized closed source crypto and only the gov will be able to make more. the end game is that fiat (which will no longer be called fiat - because it won't be 'fiat' - it will be called illicit currency or some shit) will be illegal and you will have to PAY to store your crypto with the banks. did you really think they'd let us get away with this shit. DID YOU?

>>6494143

Prolly with bank approved ripple wallets.

>>6493119
I'm merely pointing out that the current financial system has been rendered obselete by blockchain technology. Maybe some small part of it will continue to exist for quite a while, just like the telegram system that was only discontinued a few years ago, but it'll be considered a quaint antique, and little more.

>>6494267
Well, we're in agreement on that one. The world is going electronic, no two ways about that. I'm just afraid it won't be any shitcoin of today, because the "powers that be" wouldn't want to compete for power with some autistic devs and NEET early investor whales. That's why I'm unironically bullish on stuff like Link ( I'm with >>6494019 (You) ), because the less visible backend stuff may still remain in it's original form.

>>6494267

sorry to be so negative but all that's going to happen is that banks adopt their own version of crypto and use it to fuck us even harder. the government would love to control where and how you spend your money and the right cryptocurrency will do just that.

>>6483736

>>6494267
Yep, the first writing in human history was a ledger on stone showing and keeping track of property owned by a king in the middle east. What is BTC? A ledger, but also the property, AND its decentralized. Ethereum is the next step, where people used ledgers to make business.

>>6494506
Sort of this, just look at ripple for example

>>6494472
nice samefagging

>>6494584
Nope. Read my post history, I was disagreeing with him on the Bitcoin stuff. I'm with you on the government-backed nwo shitcoin theory.

>>6494472
>>6494584

>>6483452
>>6483583
>>6494143

>Market Pegged Assets

Decentralized smart contract collateral backed assets pegged to market value (of anything).

What this means is you can create an asset into circulation by locking up BTS in the smart contract as collateral. Amount required is always 1.75x value of the asset, effectively meaning that BTS market cap will always be AT LEAST 175% of total market cap of all MPA’s in circulation. This includes bitUSD, bitCNY, bitEUR, bitGOLD, and so on. bitAssets are automated and decentralized and always redeemable for the real market price. Simply, it works and it is not centralized scam like finextether that has its days numbered.

BTS token will appreciate in value as BTS circulating supply will decrease when the amount of MPA’s increases and more BTS is required as collateral.

The adoption has already gained momentum, see market cap of bitCNY and its recent growth https://coinmarketcap.com/currencies/bitcny/

Exchanges have already implemented this 2.0 improved version of tether(aex, zb). Expect others to follow.

>>6494816
Pls no

>>6494928

Why not?

It is the logical next gen tether. Decentralized and can be tethered to virtually anything.

>>6494816
my problem with smart-contract ownership of real world goods is that I don't think the government would recognize it. Take real estate for example. The government HAS to have the ability to legally seize it for unpaid taxes. If the crypto does not allow them to do that, then they will just declare the whole mechanism of ownership null and stick with deeds in a fucking town hall. So it's either give the gubment their backdoor to take ownership of the digital asset or the legal system will just pretend that the crypto-instrument doesn't exist.

>HitBTC ven withdraw fee is 14 ven
what the fuck? thats almost $100 at this point just to withdraw

>>6495234

>>6485272
Fiat is the real bubble

>>6494816

So buy BTS?

>>6495234
It only preserves the value, you cannot obviously have universal agreement with an outside party to make trade between the pegged good and the real good. How it works is that you are guaranteed to get equal amount of BTS-tokens (or other tokens) in value when you want to realize your position.

>>6495473
>>6495234
They're ofc sendable, receivable, exchangale, like any other blockchain good.

>>6495392
Yes. The MPA's are just one reason that is going to fuel the BTS rocket.

Crypto is the democratization of the Swiss bank account.

>>6483245
I thought its common knowledge that at least 95% of coins will go to absolutely 0.00

>>6494816
That's shit.

Check BMC. That's real assets gone crypto.