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I joined the guys over on DeFi Slate to discuss CBDCs, Stablecoins and The Standard as the ultimate decentralized stablecoins solution.  |
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Because the covid vaxes were a bigger scam than onecoin and bitcconect combined! It's aggravating that people don't take governments and the four profiteering pharma companies to task.
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It's weird to think that there are teenagers now that have always known bitcoin
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in 2010, OMG I'm old now.
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We are building first. There will be a private sale in November. I recommend you to go to the website and sign up to the whitelist / waiting list  |
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I've read through the white paper and found nothing about DeFi.
We are building a set of smart contracts that let you generate fiat soft pegged stablecoins by locking up collateral like ETH, WBTC and hard assets like gold and silver. I don't think you can be more DeFi than that.
Where are DEXs, liquidity pools, lending protocols to earn interest on your platform?
We are not in the business to create a Dex; there are already great DEX's, fantastic liquidity pools and AMM's that we can plug into. There is no need to recreate them.
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So what's the AMA result? it seems that here, in this thread no one has asked questions, I hope in the telegram group is much better.
Anyway, Is there a summary of the AMA available later?, so people who missed it can know here's the direct answer from The Standard team.
yeah, it was great over on telegram. The next AMA we do will all be text-based with a focus on Bitcointalk because we want the information to be available to everyone rather than a live fleeting moment. Best, Joshua |
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Sorry I couldn't make it on time to the AMA guys, it rained heavily for hours over here and the network connectivity was totally dis-stablized , had and still have difficulties connecting to the internet, for this reason, I couldn't join in the AMA which I learnt was mandatory for all of the Standard Protocol campaign participants.
Sorry ones more, hope another ama come up soon, and wanna use this opportunity to say that I love the honesty, accountability, sacrifice and hard work the team is putting in to make this project a huge success, am really glad to be part of this this early and congratulations to all who are early here too.
Hey thanks for your kind words. We are so thrilled to have passionate people like yourself being involved and seeding this DAO at its early stages. I hope your internet issues clear up where ever you are in the world. The AMA was really fun over on telegram. we did it all over the voice channel and it didn't get recorded because of the medium but we will definitely do it again. |
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I'm really looking forward to answering everyone's questions about The Standard Protocol.
you can also tweet @TheStandard_io with #TheStandardDAO and we will keep an eye out on this.
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Welcome to everyone new to The Standard |
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Hey, just wanted to let everyone know that I will be at giving a talk at https://www.mallorcablockchaindays.com/ about why 1:1 hard pegged stable coins are doomed to fail and why algorithmic stablecoins are the future. Come and join us, we are giving away some really cool Merch including Caps, Tshirts and more. |
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We started coding Vaultoro in 2014 and launched in February 2015. |
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First of all,,, funny that people still call themselves founders of stuff and then they also call those projects decentralized. But I guess just so they call themselves part of Defi.
Misleading and complex information does not worry investors,,, panic sentiment without basis is that does. Everyone is in anxiety mode, bull or bear market:)
I totally understand your concern. We chose founders because we are not CEO or CTO. We are 5 people that have thought about the issues with projects like MKR and how to make them better. We have invested resources and sweat into building this out over months and are now in the process of decentralizing and opensourcing. Our team is already 10 inhouse and we hope that this won't grow much more because now we want to grow the DAO. The DAO will have the treasury that is raised from the token distribution and will contract people to work on the protocol. DAO's are one of the most interesting ideas since bitcoin itself. They are the absolute pinnacle of anarchic and cypherpunk philosophy. Eventually, we hope that this project will be spread out as much as possible with no central point of failure. |
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Related to ITD (Initial Token Distribution), Has the detailed time been determined, When does each phase start and when does it end? as well as the price of tokens in each phase.
That's all is written in their roadmap but without the exact time, even in the whitepaper, I can't find any token price for their sale. What is certain is that their pre-market distribution is currently underway, this is usually the time when angel investors join, usually with large purchases. yes this is correct. I have been developing software for years and we launched Vaultoro the first Bitcoin / Gold pair exchange in 2015. I don't want to put dates in the roadmap because unlike typical silicon valley "move fast and break things" attitude, smart contracts need to be secure, they need to be tested, tested and tested somemore. We are not going to be as slow as cardano in developing LOL, but we are building a serious and ambitious project that will take a little time we hope will become the global standard for algorithmic stablecoins. If you are interested in the pre-market distribution we will be holding that on Vaultoro.com for Vaultoro members as well as signing SAFTS with VC's |
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Yeah that is spot on.
The thing is that The Standard needs to start a little centralised because well there are 10 of us building this thing. The hope is to start the decentralising process as we start to distribute the DAO tokens and building that community.
The other thing that will need more work overtime is the vaulting facilities. to begin with we have two, Bar9 and Vaultoro who are plugging their clients into the protocol.
We are putting resources and our deep connections into the gold industry to build relationships and onboard more and more vaulting facilities/gold retailers. Interest is already high as a lot of companies in the industry have come to me over the years asking me how to tokenise gold.
I told them they can't because there is no way of collecting storage fees by simply tokenising. Now I'm going back to them with our solution. The Standard enables gold vaulting facilities to get the demurrage costs of holding the physical assets even if someone loses their private keys. This all happens trustlessly. So partners will come so this network will also decentralise over time.
All and all there is a heap happening behind the scenes. People know me as a bitcoin maxi because I love decentralisation. Our aim is to make this process happen quickly. But people need to realise, decentralisation is not a binary thing. It's a scale and it's on the top of our minds.
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It's great to see all the excitement around our project. We are putting a lot of resources into making this The Standard absolutely massive. There is a heap of great news that will be released over the next few months that I know everyone will love.
I'm super honoured to be part of creating the next generation of algorithmic stablecoins.
Thanks for helping the project to become a success.
Joshua Scigala
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Naturally, it's Vaultoro.com . We don't deal with filthy fiat, we have been trading since 2015, never had a hack and only deal with crypto and Physical gold and silver. The good thing with gold and silver is that they are fully insured and audited. Not like banks of other exchanges. Gold can also be fully allocated so if anything ever happens to us as an exchange, it does not matter. Liquidators can not touch our client's assets as they are held as allocated bullion, in the client's name as their legal property. This is not the case with any other exchange. This is why we built Vaultoro. (I got inspired after I lost a heap of money in the Mtgox debacle) |
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