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I have spent 10 minutes on your site an still don't get it. Bravo for that. Already a good sign of a well running crypto thing. And I'm still not sure how val

by Semioj 4y ago

I have spent 10 minutes on your site an still don't get it. Bravo for that. Already a good sign of a well running crypto thing. And I'm still not sure how value is created if no one has to pay?! Right now for me it feels like a soon imploding weird microbubble of investment Tipps

sleepybrett 4y ago
Shhh, if he actually explains what he does in plain english people might figure out that it's huge fucking grift.
jsemrau 4y ago
One could view Proof of Stake (PoS) Systems as being similar to the Federal Reserve System. In the latter, the central bank provides liquidity to the banking system. The banking system then provides financial services (working capital, managing deposits, etc) to companies within an economy. These companies can then use this capital / service to provide goods and services to the economy. The banking system is, in simplified terms, a margin business that borrows funds from the central banks and lends out further. Through this margin all costs have to be covered. In the former this role is taken on by the Treasuries of the PoS (Eth, Cardano, etc). Stakepool operators take on the role of the banking system and Apps like finclout take on the role of a business in this ecosystem. Stakepool operators validate the chains, at a low energy overhead one might add, and thus provides services to the Central Treasury. For this service they receive a fee. This fee can be seen as being similar to the margin of the traditional banking system. Moreover, stakepool operator then can take on the role of distributing the liquidity they received from the treasury further into the economy of the block chain. Thereby providing liquidity to App Operators. In theory this could provide an efficient means to monetize content. And this is what the finclout app is aimed to solve. Absolutely, it doesn't do that well yet. Yet if you look into the consequences of Mandated Payments for content in Canada (https://www.michaelgeist.ca/2023/03/the-consequence-of-mandated-payments-for-links-facebook-confirms-it-will-drop-news-sharing-in-canada-under-bill-c-18/ https://www.michaelgeist.ca/2023/03/the-consequence-of-manda...) this solution could provide a better monetization mechanism. A tertiary benefit is that there is no need for a ponzi-like investing scheme through such a method.
- Semioj 4y ago
  I understand post, Blockchain etc quite well. I literally don't understand your product. What it does, how it works and ylhow it makes money(=how long it stays afloat and therefore is trustworthy)

by Semioj 4y ago

sleepybrett 4y ago

Shhh, if he actually explains what he does in plain english people might figure out that it's huge fucking grift.

jsemrau 4y ago

One could view Proof of Stake (PoS) Systems as being similar to the Federal Reserve System. In the latter, the central bank provides liquidity to the banking system. The banking system then provides financial services (working capital, managing deposits, etc) to companies within an economy. These companies can then use this capital / service to provide goods and services to the economy. The banking system is, in simplified terms, a margin business that borrows funds from the central banks and lends out further. Through this margin all costs have to be covered. In the former this role is taken on by the Treasuries of the PoS (Eth, Cardano, etc). Stakepool operators take on the role of the banking system and Apps like finclout take on the role of a business in this ecosystem. Stakepool operators validate the chains, at a low energy overhead one might add, and thus provides services to the Central Treasury. For this service they receive a fee. This fee can be seen as being similar to the margin of the traditional banking system. Moreover, stakepool operator then can take on the role of distributing the liquidity they received from the treasury further into the economy of the block chain. Thereby providing liquidity to App Operators. In theory this could provide an efficient means to monetize content. And this is what the finclout app is aimed to solve. Absolutely, it doesn't do that well yet. Yet if you look into the consequences of Mandated Payments for content in Canada (https://www.michaelgeist.ca/2023/03/the-consequence-of-mandated-payments-for-links-facebook-confirms-it-will-drop-news-sharing-in-canada-under-bill-c-18/ https://www.michaelgeist.ca/2023/03/the-consequence-of-manda...) this solution could provide a better monetization mechanism. A tertiary benefit is that there is no need for a ponzi-like investing scheme through such a method.

Semioj 4y ago
I understand post, Blockchain etc quite well. I literally don't understand your product. What it does, how it works and ylhow it makes money(=how long it stays afloat and therefore is trustworthy)