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241  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 08, 2018, 09:29:59 AM
What is in fact MONEY? Is it finally time for the EVOLUTION of MONEY? Huh
Money is the universal measure of value.

YES, having in mind that we have greatly implemented globalization, digitization and Internet in our lives, it is time to work on the evolution of money.

At the end of the 20th century, globalization, as the greatest phenomenon in social-economic sense, completely changed the lifestyle of people around the globe. Growth and development of free trade is continually rising for decades. Faster, better and cheaper ways of transport of goods and people from one end of the world to the other have created new social-economic forms. Firstly, there is a large number of multinational companies that have economic and social strength greater than many of the third world countries. And beside that, the whole world has become one “global village“ with unique market.
242  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 08, 2018, 08:40:59 AM
What is in fact MONEY? Is it finally time for the EVOLUTION of MONEY? Huh
Money is the universal measure of value.

Why would it be any different with the term MONEY? Do you see the need for a global standard and universal money — „world single coin“? Can we, and are we ready to implement a standardized measure of value — global money?

Has the time come for the role of money in man’s life to evolve, considering the fact that almost one fifth of the 21st century has already passed?
243  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 08, 2018, 07:44:14 AM
What is in fact MONEY? Is it finally time for the EVOLUTION of MONEY?
Money is the universal measure of value.

There is a similarity with the term TIME which we use daily without thinking of its essence and complexity. Therefore, we can freely claim that a second is a universal measure of time which is standardized and commonly accepted on the planet Earth (maybe it is different on some other planet?!) No matter how complex the term of time and its measurement are (absolute time, relative time…), through social-economic development, man has realized that there is a need for a global standard and he has created it. Therefore, today’s generations have no problems in that field and they do not dwell on the notion of universal measure of time.
244  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 07, 2018, 03:35:44 PM
STABLE TOKENS - METHODOLOGY!

Goal of Stable Token System is the following:
MarketCap DoTo=MarketCap CollateralETH + SUM MarketCap Supplements
245  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 07, 2018, 02:40:22 PM
STABLE TOKENS - METHODOLOGY!

STABLE TOKENS:
DoTo= dollar token
EuTo= euro token
KrTo= won token
YeTo= yen token
YuTo= yuan token

ERC20 tokens minted with smart contract functions on public Ethereum network,
Guaranteed by personal ETH & ERC20 tokens change (collateral + conversion) on smart contract custodian on Ethereum network.
246  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 07, 2018, 02:26:55 PM
STABLE TOKENS - METHODOLOGY!

DoES = Short Ethereum Smart contract token
Short Ethereum Smart contract token ( ERC20) minted with smart contract functions on public Ethereum network,
Guaranteed by community consensus on smart contract on Ethereum network.

UpES = Long Ethereum Smart contract 2x token
Long Ethereum Smart contract 2x token (ERC20) minted with smart contract functions on public Ethereum network,
Guaranteed by community consensus on smart contract on Ethereum network.
247  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 07, 2018, 01:37:36 PM
STABLE TOKENS - METHODOLOGY!

USDT= tether coin
Tether coin = Private property convertible coin minted on public Omni network.
Guaranteed by private company USD fiat deposit in private bank.

ETH = ethereum coin
Ethereum coin = PoW convertible coin minted on public Ethereum network + can be burned.
Guaranteed by community consensus on distributed ledger.
248  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 07, 2018, 12:24:38 PM
STABLE TOKENS - METHODOLOGY!

DoTo <= 2x totalcollateralETH+totalcollateralTOKENS+totalconvertcollateralSUM
USD = dollar fiat currency
Dollar fiat currency = USA federal bank minted convertible coin.
Guaranteed by federal bank obligation.
249  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 07, 2018, 10:52:22 AM
STABLE TOKENS - METHODOLOGY!

We will explain how Coin Payment Processor’s stable tokens function.

STABLE TOKENS = ETH & ERC20 TOKENS COLLATERAL +(ETH & ERC20 TOKENS CONVERSION + SUPPLY-DEMAND ADJUSTMENT BY SUPPLEMENTS)
THE SYSTEM IS IN BALANCE 1:2
250  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 04, 2018, 03:36:06 PM
The evolution of money is inevitable and it is only a matter of days when a decentralized universal world currency will finally come to life. We are also witnesses of the first examples of free payment without borders, which are done instantly and without a bunch of intermediaries. Also, cryptocurrencies are one step away from getting the role of real money. The Coin Payment Processor Project is therefore on its way to connect all missing links and create a new dimension of global payment.
251  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 04, 2018, 02:36:59 PM
THE MOST CONTROVERSIAL WAY TO CREATE A STABLE TOKEN
BURN VALUE

A possible symbolism that is clearer to the crypto community would look like this:

1. The PoW network has operating costs for mains, which are expressed in fixed costs (hardware price) and variable costs (electricity price)
2. The cost price of the newly minted crypto coins is therefore equal to the fixed + variable cost of miners.
3. The value of the newly created crypto coin should therefore be greater or equal to the cost price, otherwise the costs would be higher than the revenue and the mining would be extinguished.
4. So we arrive to the knowledge, where the basic value of the new created crypto coin arises? It comes from the burned value of electricity (consumed and invested)+ hardware price.
252  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 04, 2018, 02:35:03 PM
Looking forward to the developments of this project. Great that you have put forward your team it is rare in this MN space.

Thanks! We appreciate your support!
253  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 04, 2018, 01:16:51 PM
THE MOST CONTROVERSIAL WAY TO BUILD A STABLE TOKEN!
BURN VALUE

Burn one value and mint another in the same proportion is the basis of the Burn value theory that can serve to create new forms of money or crypto coins.  Shocked
254  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 04, 2018, 09:42:35 AM
THE MOST CONTROVERSIAL WAY TO CREATE A STABLE TOKEN
BURN VALUE

A Guarantee (or a collateral that has its own guarantee) can make money and give him a value out of nothing. Implicitly one value goes to another, and so the object that guarantees transfer his value to the subject-money. Burn value theory, in fact, guarantees that a certain “object value” is spent on creating another “subject value”, but in an explicit manner. This literally means that the value is never lost as the Energy, and that the change of the “aggregate state” shifts from one form to another and allows the creation of the value of new money from the old.
255  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 04, 2018, 08:06:22 AM
THE MOST CONTROVERSIAL WAY TO BUILD A STABLE TOKEN
BURN VALUE

How does money get value? Given that the notion of money is related exclusively to people and human-centered system, human psychology and belief play a major role in this. That is why there are two quite simple options in circulation, GUARANTEE and CONSENSUS.
256  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 03, 2018, 02:12:44 PM
Characteristics of this theory are:

5. the price of Stable Tokens is derived based on the constant proportion of trade volume ETH/USD and is expressed in proportion ST/ETH, which means that ST:USD is always 1:1 at each calculation of the loan

6. If a user performs a loan repayment, he executes a buyback of the personal collateral ETH which is calculated by the LIFO method, and therefore in every future moment there is a personal extra gain or loss

7. Personal extra gain happens if the current market trade volume ETH/USD is bigger than the one calculated at the moment of personal loan ST/ETH (ETH/USD — ST/ETH = personal extra gain)

8. Personal extra loss happens if the current market proportion of ETH/USD is smaller than the one that is calculated at the moment of the personal loan ST/ETH (ST/ETH-ETH/USD = personal extra loss)

9. According to this theory, stability is always guaranteed 1:1, but the client has to additionally pay for the extra loss or to receive extra gain at the time of the loan repayment
257  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 03, 2018, 01:12:38 PM
Characteristics of this theory are:

1. the system is always backed (the number of Stable Tokens minted is the same number that can be retrieved at any moment)
2. the system has neither a surplus nor a shortage, because it is based on a constant proportion of exchange and not on a collateral.
3. market cap of the collateral would not be calculated by the current market rate but as a sum of all personal collateral prices.
4. expiration date of the loan would be unlimited as well as the amount that can be borrowed

258  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 03, 2018, 12:06:04 PM
Looks interesting! I think this will be one of the most promising projects but need to know more a bit. Waiting for more information and if there's a bounty program I would love to help spread the world 



Thanks! We share your enthusiasm!  Grin All you need to know about this project and bounty program will be announced in this topic Smiley So, stick around! We appreciate your support  Smiley
259  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 03, 2018, 11:09:25 AM
SIMPLE WAY TO CREATE STABLE TOKENS
PERSONAL LOAN WITH LIFO COLLATERAL

The procedure of closing the personal loan position is simple and it creates the possibility to make a refund of borrowed Stable Tokens with the release of the guarantee — ETH stocked by the LIFO method (last in first out).
That means that the user can have multiple active personal loans, and perform closing starting from the last opened loan made at the repo rate and proportion that was valid on the public Smart Contract with the safe custodian that is not privately owned.

260  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] *** STABLE TOKENS the HOLY GRAIL of CRYPTO *** [ANN] on: May 03, 2018, 10:05:20 AM
SIMPLE WAY TO CREATE STABLE TOKENS
PERSONAL LOAN WITH LIFO COLLATERAL

...This personal loan would be transacted by the agreed proportion, e.i. repo rate. In case that Stable Token is pegged to USD in proportion 1:1, then the repo price would be iETH Price Index iETH/USD and pegged exclusively for the specific user, that is, its public address.

During this procedure, personal collateral would create-mint, through Smart Contract, specific number of new Stable Tokens, that would, in this case, automatically receive value 1:1 in relation to USD.

In this initial process of creating Stable Tokens, converted value is the same as the value of USD, and it cannot be changed over time. With this procedure of initial creation, Stable Tokens confirm their fixed value that simultaneously represent the possibility to make payments with them for various goods and services.

For the whole article, visit https://medium.com/cp-processor/simple-way-to-create-stable-tokens-9a703c1d59fc
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