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Author Topic: Expanse soon to release a bonds market  (Read 251 times)
spacelab
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January 27, 2017, 10:35:36 PM
 #1

So this bonds system looks like an interesting development in the crypto space. When released (sometime before the 1st) you can buy a bond for 100 EXP and earn 1% interest per month. Seems as if its functioning as a simulated proof of stake, as you are 'staking' your coins in a smart contract, and the interest is being paid out from the 10 million in reserve.
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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nemesisDF
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January 27, 2017, 11:46:11 PM
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Maybe they can get a working Mac Wallet, that would be great.
jjacob
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January 28, 2017, 03:25:04 AM
 #3

So this bonds system looks like an interesting development in the crypto space. When released (sometime before the 1st) you can buy a bond for 100 EXP and earn 1% interest per month. Seems as if its functioning as a simulated proof of stake, as you are 'staking' your coins in a smart contract, and the interest is being paid out from the 10 million in reserve.

I am curious about this. What could be the reason for people not to covert their EXP into bonds? That way they would earn interest on their holdings as well as benefit from price movements in EXP. Aren't the bonds freely transferable?

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eternalhash
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January 28, 2017, 04:39:37 AM
 #4

So this bonds system looks like an interesting development in the crypto space. When released (sometime before the 1st) you can buy a bond for 100 EXP and earn 1% interest per month. Seems as if its functioning as a simulated proof of stake, as you are 'staking' your coins in a smart contract, and the interest is being paid out from the 10 million in reserve.

I am curious about this. What could be the reason for people not to covert their EXP into bonds? That way they would earn interest on their holdings as well as benefit from price movements in EXP. Aren't the bonds freely transferable?

yeah they will be transferable, so a secondary bonds market will be made by effect

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