Glad to see you here JS
Are you just woke up? What makes you as a miner care 'bout this thing, by the way? Trying to find something new than just mining, are you?
Hail Miners! We're facing a hard phase on mining, I've sold half of my GPUs.
Yeah, so sad. Did you think this kind of project promising enough as an alternative? I'm just curious 'bout your interest...JS
I don't know what to say, but at least I'd been comparing this project with others in many aspects, and you find me here. Have you read their White-paper? |
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Yes, I got the answer, but now you have been ignored, just like me  Yeah, maybe they've been busy at this moment. But still, ignoring us here isn't a good thing for whatever reason. Let's see how fast they're on Telegram Group! https://t.me/MoneyOnChainCommunity |
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For me, this is the best thing this project provides, stacking coins wheres we have a stable coin on it. What's better? Next year is just a few months in front. You've got the answer,
@Maritu Could you please explain to us, how much MoC needs to stake as collateral to run the nodes? And what about this? you could also stake your MoC in a node that someone else is running, without risking your tokens
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- I just curious about this, as per information on your web, it said moc would use as an incentive for those who run moc nodes. So, my stupid question is, how is the models will be? are this will be similar to staking or master node that needs collateral to run the node? or?
I'm not sure how's the mechanism will be (in detail). But, this is the simple illustration of -how this ecosystem will work-  Source: https://drive.google.com/file/d/1g9LgMN9CfXbFiGZXV4aZ8MyYwRu4YUKp/view |
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My pleasure! ...it's good to see that there's even an 'Executive Summary' and not just the Whitepaper. Most projects don't even bother making one at all.
It may indicate something in the future, let's see!
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got it, thanks for your advice, next time i will read the instructions first Cool....  |
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You'll need to create custom RPC on your Metamask...
Read the instructions!!!
The way is looks so long down, it does cause a little laziness, but the instructions are made very easy to understand. And also that picture are really help and motivates.  Yeah, indeed... It's 15 pages only, and 87.54% of the contents are instructions in the form of images, I think it'll be so much different from 15-pages textual-instructions. |
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i try to login using metamask, but there is something error appear, no connection, what am missing here?
I told you...  We'll need Metamask for login to the platform, but don't forget to check the instruction (how to do it) - this one! (Read it! - Trust Me!) You'll need to create custom RPC on your Metamask... Read the instructions!!! |
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keep
What you've been keeping? 
So, today I look around MoC's Testnet (I'm not doing in-depth test yet), here's a few MoC's platform view:
We'll need Metamask for login to the platform, but don't forget to check the instruction (how to do it) - this one! (Read it! - Trust Me!) |
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You're so lucky, White-paper been posted here by the CEO.... 👇 So, why the website says that the whitepaper has not published yet? Here is what is written on Moneychain official website. "We will publish the project whitepaper closer to the main-net release estimated for 2019Q4." Tha's why I said you (-we-) are lucky enough to be here, while even their web doesn't update yet...
Whenever the official whitepaper is published they will likely ask Sapta to add that to the OP.
The link above is: [Technical whitepaper — release 2 — revision 4] September 19, 2019 (Written by Maximiliano Carjuzaa and Alejandro Bokser with the collaboration of Javier García Sanchez) And the one who posts the link here on this forum is one of its writer [Maximiliano Carjuzaa / maxcarjuzaa - MoneyOnChain's Co-Founder] I'm not saying this is the official one, but it's enough for us to know more about the project...Isn't it? |
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According to their website, the whitepaper will be published before main net release on 2019 Q4. There is a form on the website which you can fill it to receive the whitepaper immediately after it is published. You're so lucky, White-paper been posted here by the CEO.... 👇 |
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As I thought, I'll try to test it later today (I wish I have time for doing this)
Finally.....
We are working to transfer The power to upgrade the smart contracts to the community not the fundation. As far as we know we are going to be the first DeFi with this characterist.
Pretty good statement. So, let's see! Will MoC be " the real" decentralized finance platform? |
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The difference is that it is the first stablecoin with bitcoin as collateral with focus on decentralization and with every transaction made through smart contracts.
And therein lies the problem. Focused on decentralization? What stablecoin is not focused on decentralization after all, they are issued on decentralized protocols. Yes, you can argue that they are issued by centralized authorities/entities, but are you not just the same? And smart contracts? I can't boldly argue all stablecoins have smart contracts, but I can certainly argue all stablecoins issued on Ethereum protocol do - USDC, PAX, TUSD... can even toss BUSD too despite being BEP2 I'm with you....
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Are newbie allowed for ask here?
Nah (*jk) Maybe they're quite busy at the moment, as they told before, they on Testnet preparation. But yes, it can't be a reason to ignore us here. So, where's the team? |
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Currently, there are also big competitors such as Paypal, Visa, Mastercard and some other credit businesses serving this. The big problem for them is that each exchange costs up to 6% or 7%.
I'm not really sure about which part you were comparing...
The issue of cost is still one of the things that makes traders unwilling to trade on these platforms. So how will your project solve this fee problem to attract more customers?
We will issue a third token, the Money On Chain Token (MOC). The MOC’s will have three uses:
MOC holders will have a discount when paying the fees for the use of the platform using MOCs
They will have the power to vote and veto the platform updates.
The MOC Holders will be able to run an Oracle that will provide BTC prices and other data to the platform and get a reward for doing this.
Maybe this is one of the solutions you are looking for, but that was not in general as a solution, it's more like a benefit, indeed. |
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What makes this DOC different from others?
As users, off course, my view wouldn't be much different as yours. Moreover, the platform doesn't exist, and we both don't test it yet. (-Even if I try to answer, it's just my own conclusion from what I've read-)
But at least, their CEO has been post some short explanation above your post, and off course, they have more info on their web. Unfortunately, their white-paper doesn't publish yet. Let's wait for the white-paper!
The explanation of the CEO by giving a simple example gives a notion that this platform might be worth watching for. Hopefully, the actual scenario will be as simple as that. Because most of the time, there are so many factors in play when the project comes to life. We can speculate if the project will going to hit it in the crypto community once we see their platform in operations. Yeah, I hope so. The smart contract did the whole complex process, and the platform gave us the rest (simplest things to do - click & click )
am not lucky enough to find it. i swear i open their web, as i say before i don't realize it he he
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Sounds like another Rube Goldberg contraption. So, for the risk-averse, they have the option to peg this BTC-collaterized stablecoin to another stable coin called DOC, while the adventurous are just sticking to BTC by another name, Bitpro. There are numerous stable coins to chose from already, what makes DOC any different? What makes this DOC different from others? As users, off course, my view wouldn't be much different as yours. Moreover, the platform doesn't exist, and we both don't test it yet. (-Even if I try to answer, it's just my own conclusion from what I've read-)But at least, their CEO has been post some short explanation above your post, and off course, they have more info on their web. Unfortunately, their white-paper doesn't publish yet. Let's wait for the white-paper! |
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yes, something like that. i do not realize it exists on their web, thanks for sharing it also for your explanation.
My pleasure! I'm so lucky 'cause I find that video right on the main page of their web. If the coin collateralized with btc, it can not refer to stablecoin since btc price is not stable..that is simple.
We're talkin' about a system. Where a few things bundled on the platform... Their first Stablecoin is Dollar on Chain ( DoC), where the price will peg to the US Dollar... |
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in my opinion, an animated infographic would be better. it will be more clearly than just an image.
This one? https://www.youtube.com/watch?v=aGkFOIYev0M
The keyword of the explanation above is: (IMO)
So now Dave is assuming most of the risk, Alice is earning the interest that Dave pays and Bob has the stability provided by the system
All that thing are related (bolded one), bundled on the system (in this case - smart contract - RSK), That's why they have something that called as "Target Group," Each group will related and complete other group needs. CMIIWThe target group of Dollar On Chain (DoC) are risk averse individuals. The peg against the dollar guarantees stability.
BitPro tokens are interesting for bitcoin holders that are not interested in the short-term. It will allow BTC holders to earn a rent on their position, and gain free leverage.
The DEX is oriented for traders seeking to maximize earnings on leverage on the derivatives exchange market.
Source: https://moneyonchain.com/solution/ |
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