4 ms·
I dont believe its useful for apps, but I do find it useful for moving money. To clarify, I only like Bitcoin so far. I'm currently building a token that is t
by mkirklions 8y ago
I dont believe its useful for apps, but I do find it useful for moving money.
To clarify, I only like Bitcoin so far.
I'm currently building a token that is tied to an Index Fund. It will not use blockchain technology.
- scottlocklin 8y ago"Stable coins" should be called "Oracle problem." How are you dealing with the oracle problem with your token?
- mkirklions 8y agoIt isnt decentralized, this is a feature that allows >Hidden transactions >No txn fees >Anonymous usernames And the obvious benefit that you own an index fund instead of USD.
- scottlocklin 8y agoAt the moment, I'd rather hold dollars. You didn't answer the question; there is still an oracle problem. How do I know you're holding a unit of the index fund for each token? I have a pretty good idea my broker will, as he'll go to jail if he gets caught short. That's usually right, but then we have clowns like Jon Corzine who get away with it because they're more equal than others. The other stuff can be done with a permissioned blockchain; if you can adequately solve the oracle problem, you'd have something pretty interesting. If you don't, you're an unregulated broker who uses Chaumian tokens.