Everex and Ethereum Bring Financial Inclusion To All

[X7]

Everex and Ethereum Bring Financial Inclusion To All
https://medium.com/everex/everex-and-ethereum-bring-financial-inclusion-to-all-ec75904447ce#.fi9a7cl3r

[SuperShill]

Great article, thanks for sharing. It saddens me to see other project like this on other coins but not on bitcoin.
Do you know if this is being attempted with bitcoin too.

[Cryptorials]

Great article, thanks for sharing. It saddens me to see other project like this on other coins but not on bitcoin.
Do you know if this is being attempted with bitcoin too.

I feel the same, but unfortunately I think banks and other 'respectable' corporate entities have a phobia of using the bitcoin blockchain. Ethereum has a cleaner reputation for them.

[someone111]

dropbox.com/s/y6iaegq9uwasq2l/Everex%20ExecSumm.pdf?dl=0

Exit   Strategy:Investors   will   be   able   to   exit   during   ICO   (initial   coin   offering)   conducted   on   ablockchain.   Successful   ICOs   examples   are Digix.io   ($5.5m   in   14   hours),   DAO    ($150mil   April-May   2016),   Augur.net    ($5.3m   in   10   days)

Can someone please translate their exit strategy to me in laymans terms?

[billotronic]

right and this example plays into the comparison of ETH being as bullshit as fiat when it comes to immutability. Good job and bringing this up!

certainly this savior of the serf class will fall into the cryoto equivalent of the fiat system we are trying to escape. Please, take my money.

[Alexila]

Great article, thanks for sharing. It saddens me to see other project like this on other coins but not on bitcoin.
Do you know if this is being attempted with bitcoin too.

Yes, our first wallet was built using Counterparty on Bitcoin blockchain. However, it turned out to be technologically unfeasible, as confirmation times sometimes reached 2 hours. You can't run financial services with such long delays.  Even 20 minutes is long enough. Thats why we had to move to Ethereum, which opens wider horizons in development. Thank you for support and please stay tuned

[r0ach]

I feel the same, but unfortunately I think banks and other 'respectable' corporate entities have a phobia of using the bitcoin blockchain. Ethereum has a cleaner reputation for them.

This is a load of bullshit.  Everyone knows there is nothing to differentiate gray and black market use cases of Bitcoin vs Ethereum.  The only thing banks have a "phobia" of is using a coin they didn't premine the entire supply of themselves because they want to pawn it off on others at a billion percent mark up.  All the R3 douchebags bought a bunch of Eth to try and accomplish this, so please, don't strain yourself too hard shilling for Goldman Sachs.  Eth distribution is likely a continuation of the existing financial structure except even worse LOL.

[Alexila]

I feel the same, but unfortunately I think banks and other 'respectable' corporate entities have a phobia of using the bitcoin blockchain. Ethereum has a cleaner reputation for them.

This is a load of bullshit.  Everyone knows there is nothing to differentiate gray and black market use cases of Bitcoin vs Ethereum.  The only thing banks have a "phobia" of is using a coin they didn't premine the entire supply of themselves because they want to pawn it off on others at a billion percent mark up.  All the R3 douchebags bought a bunch of Eth to try and accomplish this, so please, don't strain yourself too hard shilling for Goldman Sachs.  Eth distribution is likely a continuation of the existing financial structure except even worse LOL.

You have a good point, Roach. I wonder where are you getting the info about R3 owning loads of ETH. R3 indeed is a Ethereum fork, but they a) forked over a year ago or so, and b) must have used own coin to propagate transactions. I don't have much time to follow R3 progress and I don't care much either, but any good intel would be appreciated.

We stay on the opposite side of Ripple and R3 and they are owned and created by the banks for the only reason to solve banks problems, and not their customers.