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Somebody posed a question within their telegram channel and one of the founders answered, I thought it was worthwhile to share here in it's full:
The question was: indepth articles on DeFi and why Geeq will be good for finance to name a few?
DeFi certainly is a category that can be built on the Application layer of Geeq. We know there are a lot of devs and DeFi supporters out there who have already been working out these issues and think there will be a lot of progress when they find out about Geeq’s security protections and extremely low transaction costs.
The beauty of Geeq’s multi-faceted approach is we don't have a single niche like many blockchains. For example, there are a lot of categories of apps I want to ensure are built, but the entire point is it's a public platform so the whole DeFi community can build those functions on a different portion at the same time. There's no main chain, so each dev can start as many chains as they like to accomplish their purpose.
If DeFi’s mission is really to set up a decentralized alternative ecosystem then Geeq is as decentralized as it's possible to be. The entire purpose is that once a blockchain app is launched on Geeq no one, not Geeq or anyone else can stop it. The code will do exactly what it’s written to do, from scratch. There are no legacy loopholes or backdoors. Everything for Geeq was designed to support maximum voluntary and permissionless participation.
So then, it becomes a quality issue. Geeq can't protect against bad code in the DAPP layer, which means those who want to set up DeFI will have to go through more of a quality assurance process for whatever smart contracts they want to set up.
What Geeq can do is safely validate all the transactions, transfers, and payments that occur on the platform according to code and extremely cheaply. Cheap enough to bring DeFi to the masses!
Any thoughts on this?
Could DeFi be brought to the masses via Geeq?
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one question though = is the use of your TM symbol legit by all means? legit means you have basis and supporting docs   this would imply that your trademark is registered and has a copyright already enforceable? how honest is it to deceive people by implying that you have that already by publicly showing this? oh yea . this is " proof of disHonesty" great idea by they way..... keep up the great work and please delete yourself from the world Trademark can be used as soon as you file for the registration...  They filed for it back in 2018 ... So your Dishonesty claim is honesty..... |
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The unique design of PoH means that in order to reach a consensus (on whether or notthe transaction placed on the network is valid), the agents on the network don’t need to communicate agreement in order to successfully validate it. This captures my interest. Many will exploit this one. This project had already failed before it even started. Sounds like lots of scam and exploit will happen in this network. How will anyone be able to exploit that? You, as a user, have to choose what node/agent on the network to use by querying it yourself. Whatever other communications occur makes no difference. |
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Just words man, i dont see any ACTUAL WORK? wheres the code! how is there like 20 people listed under team but not a SINGLE line of code i can see? : / at the end of the day this is just ANOTHER cash grab, a buncha words and promises... One Question: what makes this different from those Nigerian Prince scams? They are promising you things and a great future if you ONLY give them money up front  the idea is laughable No thanks! seen this 100x ALSO: They are doing private angel sales before hand it seems? ask VBK IEO buyers how THAT goes.... (hint: not well) How many projects do you know have code available from the offset? There weren't many. ETH for one raised money long before it released anything. Based on who seems interested and is following the project I would err the way of stating there is lots that keep it different from Nigerian Prince Scams .... Join their telegram, have a read, ask questions and then, by all means, make an educated decision. Don't just write something off because you don't understand it. |
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Why on earth is it a crap consensus?
Have you read that fully as it explains pretty well how a user chooses which node to utilise based on the proof of the nodes honesty.
I would say that based on what we can garner from the pieces available so far, it sounds the most well thought out and logical offering so far.
Please elaborate on your points. I'm interested.
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I heard it was just any of the increments of the week that ends in "day"?
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So I'm doing a lot of research and would like to know how you would attempt to explain each protocol in 3 sentences or less.
Think of it as a pitch, or a fun explanation or would you have a comparison in your explanation linking it to something in everyday life.
Would love to know what you think of first when you read or see:
POW - Proof of Work
POS - Proof of Steak
DBFT - Delegated Byzantine Fault Tolerance
DPOS - Delegated Proof of Steak
POH - Proof of Honesty
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I wish I understood this thread..  |
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Geeq.io - With it's Proof of Honesty protocol
Mobiepay.io - with it's cashback and rewards integrations into any Pos worldwide and access to any store, mobile, web or in person - Already has a HUGE partner list too with names like subway, target, footlocker and so many more
Morpheus Labs - anyone not in the know of MITX should just go read
WAX.io - blockchain is now live, liquidapps, karma, prospectors, Itam games, and rumours of gods unchained plus other old partners becoming active upon the chain too will mean that the current area of trading will not be the case for long.
VideoCoin.io - Video encoding brought from a team including Halsey Minor. It is going places.
There is loads more but these are what I would grab with my hands now
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Spectre and it's betverse is the only real answer here
Love their arm hatchworks that offers the reviews.
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Defi will be big,
Nft's are fat becoming a huge thing to watch
The Chinese Government introductory offering
I'm only watching a handful of projects but am 100% more excited this year than many before
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Finally came back to my account I created years back to read about Hal, Satoshi and learn about Cryptography and it's beginnings from when I joined the "space", just to comment here and say I'm glad he found Satoshi and was able to have a say in it's foundations.
From what I can find, read about and learn about Hal he was a clever and technology pushing guy.
"Currently I'm working on something Mike Hearn suggested, using the security features of modern processors, designed to support "Trusted Computing", to harden Bitcoin wallets. It's almost ready to release. I just have to do the documentation."
I love this sentence and fully feel that the team or project that can tap into this will be a phenomenal asset to blockchain protocols forevermore.
Rest up Hal, cheers for all the work.
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Holey moley.
But pls do not get blind by speculation
We ve learned from segwit ponzi and eth oligarchy that is a sad end for BitCoin s functionality
Bagholding is for the dumbest. Whales will always rape little joes. No different for any financial system
Only thing that helps little joe is transparency and simple stable rules / protocols
Is there a way that an everyday user can verify transparency as honest transparency and not misleading transparency? |
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I don't get why anyone thinks it's their business. It's not your bitcoin, so surely the most reasonable argument to make is that it's of no concern to you where it ended up.
I agree with this so much and it's one of the reasons that I like the fact that a BTC address is just a random assortment of numbers and letters and has nothing defining it for privacy's sake. Why does it matter to any of us? |
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I completely agree to the point of Mr. Gates where he said, The distance between top and bottom incomes in the United States is much greater than it was 50 years ago. A few people end up with a great deal—I’ve been disproportionately rewarded for the work I’ve done—while many others who work just as hard struggle to get by. However, I am 100% sure that bitcoin can't solve this issue of income inequality. It would have been only possible if common people can mine it with an average laptop and not on an expensive mining rig. Bitcoin really doesn't give that chance and hence miners with deep pocket are only able to sustain themselves while small home miners a left out from the race! Bitcoin indeed proves the statement - fortune favors the brave! Those who have jumped into this race during inception, they are the most fortunate ones! Rest all are struggling! Agree, Bitcoin cannot solve it, it's a good topic of discussion but right now - even with bitcoin, if you have more you will earn more as you say. Fortune does indeed favor the brave. I would love a solution where we can reward equally, it will come in time, we just all have to keep our eyes open for it. |
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Personally I think the bear market is over, we just have no real reason for things to go "up".
The halving is already priced in for us coiners, it's when the next mainstream news pickup and nocoiners entering that would be driving any price activity to the contrary and that' won't happen without positive media attention and a purpose
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