xov (OP)
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February 26, 2018, 12:47:09 PM |
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XOV has arrived on bitcointalk. https://www.xovercoin.comPlease support the XOV project. XOV is creating a crypto-central banking infrastructure to stabilise the crypto markets. We have support from Emin Gun Sirer. There will be a seed funding round. We will contribute more later. XOV Project Team |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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filgood
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March 06, 2018, 09:11:50 PM |
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silent17
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March 06, 2018, 09:19:37 PM |
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So, You're saying that we need to support a centralized crypto?
I think many investors in the cryptocurrency society will not agree with this because as we all know, We love bitcoin the way it is. (Decentralized) If a project try to centralize this, I think Bitcoin will not be the same bitcoin as we all love it.
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focmere
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March 06, 2018, 09:21:40 PM |
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Looks like a very interesting project. Creating a crypto bank it a little "suspicios" as crypto pretty much is trying to stay away from banks.
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jedlhuber
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March 07, 2018, 01:52:34 AM |
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So, You're saying that we need to support a centralized crypto?
I think many investors in the cryptocurrency society will not agree with this because as we all know, We love bitcoin the way it is. (Decentralized) If a project try to centralize this, I think Bitcoin will not be the same bitcoin as we all love it.
We might all like certain qualities of BTC, but the masses will never adopt it as is. It is too volatile for the average investor and the average merchant. If I'm am trying to build wealth and savings, I can't afford to have my portfolio to crash 75% repeatedly. Likewise, if I was selling something, I'd want to know what you paid me was going to have the same value tomorrow. |
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SGToken
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March 07, 2018, 01:55:17 AM |
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A "central bank" for decentralized crypocurrency? This makes the joke of the day.  |
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Ryanpogi
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March 07, 2018, 02:01:04 AM |
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wow, good news .. I hope this will be true for us who are working on Bitcoin will not have a hard time withdrawing money. thank you
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Richt23
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March 07, 2018, 02:08:52 AM |
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I think a fair amount of people would like to see mass adoption of crypto and actually see it spendable at merchants. For this to happen a company would need to realize stability matters and regulations are coming. The companies that survive long term will be the ones who work towards meeting those regulations.
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jedlhuber
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March 07, 2018, 02:12:31 AM |
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A "central bank" for decentralized crypocurrency? This makes the joke of the day. In order for cryptocurrency to be fully utilized, there will have to be stable prices. With a bank model, you will be able to create accounts (masternodes) that will gain interest, so you're able to SPEND your money for goods and services that people will accept. Not just all based on speculation, but based on real value. XOV is seeking to centralize this volatile world in order for all of us to have a currency we can trust. |
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Rkoshay
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March 07, 2018, 02:38:05 AM |
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"XOV is seeking to centralize this volatile world in order for all of us to have a currency we can trust."
That's all well and good but why would anyone trust XOV? Part of the reason cryptocurrency has so much allure is that, if it's done correctly, there is no need to trust a centralized system.
With centralization comes control and the result is a loss of liberty.
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jedlhuber
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March 07, 2018, 02:56:41 AM |
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"XOV is seeking to centralize this volatile world in order for all of us to have a currency we can trust."
That's all well and good but why would anyone trust XOV? Part of the reason cryptocurrency has so much allure is that, if it's done correctly, there is no need to trust a centralized system.
With centralization comes control and the result is a loss of liberty.
The centralization will come to help stabilize the currency. Trust will be built upon research professionals studying economics and blockchain technology. The XOV team has surrounded themselves with experts in the academic world that study cryptocurrency, the bank regulation world, the software engineering world, and legal world. They're making sure everything is done right from the start. Why does USDT have over $2b in holdings currently? People want stability. And, the XOVnode (masternode) is going to allow anyone to gain interest on their deposits so they can feel comfortable spending their crypto for goods and services.....not feel like they always have to HOLD. That model will NOT work long term. |
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lhfly2019
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March 07, 2018, 03:04:26 AM |
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Creating a central organization in a decentralized blockchain world sounds a little strange.
Does the team post the view and slogan deliberately??
I think many guys would doubt the credit in a central bank by a private campany.
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Newboybb
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March 07, 2018, 03:18:37 AM |
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So what's the difference between this and XRP?
We don't need another centralized token, and XRP has been successful enough, and I don't think we need another token to replace it.
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Richt23
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March 07, 2018, 03:27:46 AM |
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The difference between this product and xrp would be the stability in value of the token itself. Xrp has been a useful tool for banks but the price has been far from stable.
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iconoclast
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Matrix Built On An Ethereum Smart Contract
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March 07, 2018, 03:59:13 AM |
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Why is there no information about any of the people backing this project? You are happy to name drop by saying that the XOV CEO met with Emin Gun Sirer, but don't mention the name of the CEO or anyone else involved in this project.
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Richt23
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March 07, 2018, 04:48:31 AM |
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That is a valid point that will soon be addressed. I have a small role as a moderator and i can at least assure you our team page will not contain Ryan Gosling  |
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xov (OP)
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March 07, 2018, 01:41:40 PM |
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Hello everyone, some interesting comments. Joining the project right now will be at ground floor. We have an interesting research phase before our white paper is released, so that any economics sceptics can be sure that the solution we implement will do as it says on the tin. There were some good comments about centralisation/decentralisation. XOV will be a hybrid. We are centralised in that we will stabilise the circulating supply of our currency, but decentralised for the actual customers accounts and wallets, and the Masternodes. Nobody will have to transfer coins to the XOV Bank - once they are used to earn interest, they will simply be locked for a time period. This means that you still own the coins - they aren't owned by XOV. In terms of control, you still control your coins. We control the circulating supply but you control your own coins. If I had a few Bitcoin that had made me some money, I might want to move some or all of it into a less volatile account where the value would not be so volatile. Because of this stability, merchants will want to use XOV because a $1000 car today is still going to be worth $1000 tomorrow. I think when people hear the word Bank they think 'control' and 'profit takers' - XOV is a digital bank for the digital age. We have no desire to act like a bricks and mortar bank. Why not follow us on this exciting journey?
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lhfly2019
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March 08, 2018, 12:56:03 AM |
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Maybe I should change my mind on the XOV.
I have got some news from the Washiton Blockchain Conference.
Some big fellows has post the same opinion about the private central bank.
Maybe that's a real chance!
Keep focusing!
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Richt23
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March 08, 2018, 04:14:16 AM |
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Care to share the news? Am curious to hear |
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xov (OP)
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March 12, 2018, 09:26:25 AM |
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Our project team will be uploaded this week. Demelza Hays is part of the research team. Some people have asked what the difference is between XRP and XOV. XRP is more of a centralised payments system and does not assume the role that a Central Bank would. XOV's core proposition is to stabilise currency by using a range of financial controls (human and non-human), and to implement these controls through the XOV network. The feasibility of controlling the price of digital currency will be proved from our research. Being able to stabilise digital currency, something that has never been done before and a purpose that Bitcoin was never designed to have. It will mean that for once, merchants can finally accept cryptocurrency as stable form of payment, and people holding the currency can keep it away from the mainstream banking system without fear of it completely depreciating. Bitcoin is a great technical concept and will continue to be used but is too volatile for merchants.
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