Money on Chain - Bitcoin-Collateralized Stablecoin

[sapta]

*Disclaimer: I'm not affiliated with Money on Chain nor I involved directly on the project. I'm just helping them to post the Announcement.

[1714792965]

1714792965

[1714792965]

1714792965

[sapta]

What Makes a Bitcoin-backed Stablecoin possible?

The answer is on the link below, latest update by the MoC team 👇

http://bit.ly/2Hjj2xI

[Stakeey]

Is there airdrop of this ?

[perri]

Is there airdrop of this ?

That was a pretty good first question appear here, stablecoin' airdrop. I'm also waiting for the answer 

Is there no white paper yet?

[TeraBite]

Is there airdrop of this ?

That was a pretty good first question appear here, stablecoin' airdrop. I'm also waiting for the answer 

Is there no white paper yet?

It is impossible to make any airdrop while there is no hard fork planned anyway what would you do if they give you  1:1 in stable coin? So how many Bitcoins you have?

[eugeneus@khnyzhoff]

I think you need good web representation and presentations as well. Contact me if I'm right.

[perri]

It is impossible to make any airdrop while there is no hard fork planned..

That was what I mean   

So how many Bitcoins you have?

I don't have any, atm 

what would you do if they give you  1:1 in stable coin?

Let me think for a while!
I'm getting BCH before, but I forget what I'm doing at the time

[JuanMD]

Is there airdrop of this ?

That was a pretty good first question appear here, stablecoin' airdrop. I'm also waiting for the answer 

Is there no white paper yet?

Hi! Whitepaper will go out shortly. The team is currently working on launching the test net right now.

At this moment there are no airdrops planned. But stay tunned because there might be in the future.

[perri]

Hi! Whitepaper will go out shortly. The team is currently working on launching the test net right now.

Yes, I've been checking it on the web, and I get the same answer as yours.

At this moment there are no airdrops planned. But stay tunned because there might be in the future.

Sound good   

[kalacC]

I just curious about this, as per information on your web, it said moc would use as an incentive for those who run moc nodes. So, my stupid question is, how is the models will be? are this will be similar to staking or master node that needs collateral to run the node? or?

[notblox1]

Is this going to be one more ICO project offering stability?

[omone1]

I will follow up this project and see how it goes, I can only wish the team a good success. Another project has a similar mode the USDQ Plantinum-QDAO. Technology is innovative and keeps evolving. 

[jillscarbrough]

Let me think for a while!
I'm getting BCH before, but I forget what I'm doing at the time

Has it been sold-out at the second min you receive it? "Easy money" , right?

Hi! Whitepaper will go out shortly. The team is currently working on launching the test net right now.

At this moment there are no airdrops planned. But stay tunned because there might be in the future.

So, what's today update, Juan?

[Bowtiesarecool]

BTC collateralized and calling it a stablecoin? The logical inference would be BTC = Stablecoin.
Does not compute
BTC is a very volatile asset. How is an asset collateralized on it anyway remotely stable, unless you're using another asset to hedge against the volatility or you've got a perfectly, functional crystal ball

[jillscarbrough]

BTC collateralized and calling it a stablecoin? The logical inference would be BTC = Stablecoin.
Does not compute
BTC is a very volatile asset. How is an asset collateralized on it anyway remotely stable, unless you're using another asset to hedge against the volatility or you've got a perfectly, functional crystal ball

You're absolutely right! I super agree with you on that point.

So, this is what 'em say on their web:
-I'm just quoting the explanation on their web related to your above post-

To solve Bitcoin’s volatility problem, we will provide a Bitcoin-collateralized stablecoin using a three-party system:

We strip Bitcoin’s volatility into two separate tokens:

The Dollar on Chain (DOC), is pegged to us Dollar for risk-averse individuals

The BitPRO, a token for risk-propense Bitcoin holders seeking a passive income in BTC

The DOC tokens will be stable and pegged to the US dollar, such that each DOC token will have a value of USD 1. As these tokens will be entirely stable, they are a volatility-free asset that will perform the three functions of money mentioned above: a medium of exchange, unit of account, and a store of value.
................................................and so on

Source: https://moneyonchain.com/solution/

[perri]

Let me think for a while!
I'm getting BCH before, but I forget what I'm doing at the time

Has it been sold-out at the second min you receive it? "Easy money" , right?

Maybe.... Yes

-snip-

This project will provide 3 different tokens?
What about DEX and TEX? Does it mean the project will have its own exchange?

[gomeZLTC]

Bitpro, a token for risk-friendly Bitcoins hodlers seeking a passive income in BTC. is it mean this is for ppl who want to take a risk? then how to get passive income from this risk activities?

[sapta]

Hope this one can answer the question above:

How does the interest paid by BTC 2x work?

Maximiliano Carjuzaa, the CEO, explained more about it at @NoSoySatoshi podcast.

Hit the link below and watch the complete explanation:

https://youtu.be/d7kWscVFTKk

[gomeZLTC]

Hope this one can answer the question above:

How does the interest paid by BTC 2x work?

Maximiliano Carjuzaa, the CEO, explained more about it at @NoSoySatoshi podcast.

Hit the link below and watch the complete explanation:

https://youtu.be/d7kWscVFTKk

am still a bit confused, it is a too short explanation for me, but it is better. I will wait for the written version.

[perri]

Hope this one can answer the question above:

-snip-

am still a bit confused, it is a too short explanation for me, but it is better. I will wait for the written version.

What's confused you? Are you Spanish, gomeZ?
jk, I felt the same 

What about my question? Is there any team member want to explain? Share a video or something, please! 

[maxcarjuzaa]

I will follow up this project and see how it goes, I can only wish the team a good success. Another project has a similar mode the USDQ Plantinum-QDAO. Technology is innovative and keeps evolving. 

Thanks for your question, I am Max, cofounder of MoneyOnChain

According to their white paper the model of QDAO is the same as maker DAO, we have a different model. One of the main differences is that in our model the peg is guaranteed by the smart contract.

Another difference is that we have different actors with different needs interacting in the ecosystem.

For example,

Alice is a long term bitcoin holder willing to earn a passive income  in her bitcoins, so she buys the BitPRO, the BitPRO gives Alice a passive income in her bitcoins and a little bit of leverage, that means that in the long term, when the price of bitcoin goes UP Alice will have more Bitcoins.

Bob Needs a fix amount of USD to buy a new car next month, so Bob sends the equivalent amount of usd in bitcoin to the smart contract to buy the stable coin. He does not need to put any collateral, he simply sends the amount of dollars in bitcoins he needs to the smart contract and gets  that amount in DOC, (Dollar on Chain) our first stable asset.

Dave is a trader, he thinks the price of bitcoin will go UP, so he buys a leveraged long position using the platform and pays an interest for that leverage

So now Dave is assuming most of the risk, Alice is earning the interest that Dave pays and Bob has the stability provided by the system

In the following weeks we are going to open our first alfa product on the RSK testnet

Stay tunned

[maxcarjuzaa]

BTC collateralized and calling it a stablecoin? The logical inference would be BTC = Stablecoin.
Does not compute
BTC is a very volatile asset. How is an asset collateralized on it anyway remotely stable, unless you're using another asset to hedge against the volatility or you've got a perfectly, functional crystal ball

I am also having a hard time understanding this idea because if Bitcoin is mortgaged, the value of stablecoins can be very volatile because we cannot be sure which price will be stable in this market. This is a new project but the information in this project is not complete so hopefully they can answer investors' questions here. Although it took me more than 5 minutes to understand this project, I still could not understand how it works

We use over collateralization to maintain the peg, the whole solution is implemented in a smart contract, so there is no counterpart risk

We are going to publish our white paper and Alfa product on the test net in the following weeks, the mathematical model behind MoneyOnChain is complex and not so easy to understand. Said that, the features of the products are crystal clear and the platform very very easy to use.

DOC: Dollar on chain, usd pegged coin backed by bitcoin, the peg is guaranteed by the smart contract
BitPro: A token for bitcoin Holders, it provides passive income and a little bit of leverage on your bitcoins
BTCX: A leveraged long position on the price of bitcoin. (only 2x leverage in the alfa version)

The full version will have BTCX long and short leveraged position on the price of bitcoin at any leverage  you choose (logic limits will exist) increasing the passive income for the BitPro holders.   
 

[gomeZLTC]

I will follow up this project and see how it goes, I can only wish the team a good success. Another project has a similar mode the USDQ Plantinum-QDAO. Technology is innovative and keeps evolving. 

Thanks for your question, I am Max, cofounder of MoneyOnChain

According to their white paper the model of QDAO is the same as maker DAO, we have a different model. One of the main differences is that in our model the peg is guaranteed by the smart contract.

Another difference is that we have different actors with different needs interacting in the ecosystem.

For example,

Alice is a long term bitcoin holder willing to earn a passive income  in her bitcoins, so she buys the BitPRO, the BitPRO gives Alice a passive income in her bitcoins and a little bit of leverage, that means that in the long term, when the price of bitcoin goes UP Alice will have more Bitcoins.

Bob Needs a fix amount of USD to buy a new car next month, so Bob sends the equivalent amount of usd in bitcoin to the smart contract to buy the stable coin. He does not need to put any collateral, he simply sends the amount of dollars in bitcoins he needs to the smart contract and gets  that amount in DOC, (Dollar on Chain) our first stable asset.


Dave is a trader, he thinks the price of bitcoin will go UP, so he buys a leveraged long position using the platform and pays an interest for that leverage

So now Dave is assuming most of the risk, Alice is earning the interest that Dave pays and Bob has the stability provided by the system

In the following weeks we are going to open our first alfa product on the RSK testnet

Stay tunned

thanks for the explanation. but, how about to make some illustration graphic on the whitepaper, it will make it more easy to understand.

waiting for the whitepaper

[sapta]

thanks for the explanation. but, how about to make some illustration graphic on the whitepaper, it will make it more easy to understand.

waiting for the whitepaper

Yes, info-graphic is a good idea to explain it in a simple way (even though max said that the process is kinda complex). The message will be sent to the team though so maybe, they'll create one for the public.

[gomeZLTC]

thanks for the explanation. but, how about to make some illustration graphic on the whitepaper, it will make it more easy to understand.

waiting for the whitepaper

Yes, info-graphic is a good idea to explain it in a simple way (even though max said that the process is kinda complex). The message will be sent to the team though so maybe, they'll create one for the public.

that is good sir

is this project will have any bounty program in this near future?

[perri]

thanks for the explanation. but, how about to make some illustration graphic on the whitepaper, it will make it more easy to understand.

waiting for the whitepaper

Yes, info-graphic is a good idea to explain it in a simple way (even though max said that the process is kinda complex). The message will be sent to the team though so maybe, they'll create one for the public.

Yes sir yes 
Ye ye ye, please create it one for us to make this complex thing more understandable.

Is there any updated info for the test-net, by the way?
Then, do we have the full model on the test-net?

[gomeZLTC]

in my opinion, an animated infographic would be better. it will be more clearly than just an image.

[jillscarbrough]

in my opinion, an animated infographic would be better. it will be more clearly than just an image.

This one?
https://www.youtube.com/watch?v=aGkFOIYev0M


The keyword of the explanation above is: (IMO)

So now Dave is assuming most of the risk, Alice is earning the interest that Dave pays and Bob has the stability provided by the system

All that thing are related (bolded one), bundled on the system (in this case - smart contract - RSK), That's why they have something that called as "Target Group," Each group will related and complete other group needs. CMIIW

The target group of Dollar On Chain (DoC) are risk averse individuals. The peg against the dollar guarantees stability.

BitPro tokens  are interesting for bitcoin holders that are not interested in the short-term. It will allow BTC holders to earn a rent on their position, and gain free leverage.

The DEX is oriented for traders seeking to maximize earnings on leverage on the derivatives exchange market.

Source: https://moneyonchain.com/solution/

[gomeZLTC]

yes, something like that. i do not realize it exists on their web, thanks for sharing it also for your explanation.

[Douglasy]

If the coin collateralized with btc, it can not refer to stablecoin since btc price is not stable..that is simple.

[jillscarbrough]

yes, something like that. i do not realize it exists on their web, thanks for sharing it also for your explanation.

My pleasure!
I'm so lucky 'cause I find that video right on the main page of their web.

If the coin collateralized with btc, it can not refer to stablecoin since btc price is not stable..that is simple.

We're talkin' about a system.
Where a few things bundled on the platform...

Their first Stablecoin is Dollar on Chain (DoC), where the price will peg to the US Dollar...

[Bowtiesarecool]

BTC collateralized and calling it a stablecoin? The logical inference would be BTC = Stablecoin.
Does not compute
BTC is a very volatile asset. How is an asset collateralized on it anyway remotely stable, unless you're using another asset to hedge against the volatility or you've got a perfectly, functional crystal ball

You're absolutely right! I super agree with you on that point.

So, this is what 'em say on their web:
-I'm just quoting the explanation on their web related to your above post-

To solve Bitcoin’s volatility problem, we will provide a Bitcoin-collateralized stablecoin using a three-party system:

We strip Bitcoin’s volatility into two separate tokens:

The Dollar on Chain (DOC), is pegged to us Dollar for risk-averse individuals

The BitPRO, a token for risk-propense Bitcoin holders seeking a passive income in BTC

The DOC tokens will be stable and pegged to the US dollar, such that each DOC token will have a value of USD 1. As these tokens will be entirely stable, they are a volatility-free asset that will perform the three functions of money mentioned above: a medium of exchange, unit of account, and a store of value.
................................................and so on

Source: https://moneyonchain.com/solution/

Sounds like another Rube Goldberg contraption.
So, for the risk-averse, they have the option to peg this BTC-collaterized stablecoin to another stable coin called DOC, while the adventurous are just sticking to BTC by another name, Bitpro. There are numerous stable coins to chose from already, what makes DOC any different?

[Maritu]

BTC collateralized and calling it a stablecoin? The logical inference would be BTC = Stablecoin.
Does not compute
BTC is a very volatile asset. How is an asset collateralized on it anyway remotely stable, unless you're using another asset to hedge against the volatility or you've got a perfectly, functional crystal ball

You're absolutely right! I super agree with you on that point.

So, this is what 'em say on their web:
-I'm just quoting the explanation on their web related to your above post-

To solve Bitcoin’s volatility problem, we will provide a Bitcoin-collateralized stablecoin using a three-party system:

We strip Bitcoin’s volatility into two separate tokens:

The Dollar on Chain (DOC), is pegged to us Dollar for risk-averse individuals

The BitPRO, a token for risk-propense Bitcoin holders seeking a passive income in BTC

The DOC tokens will be stable and pegged to the US dollar, such that each DOC token will have a value of USD 1. As these tokens will be entirely stable, they are a volatility-free asset that will perform the three functions of money mentioned above: a medium of exchange, unit of account, and a store of value.
................................................and so on

Source: https://moneyonchain.com/solution/

Sounds like another Rube Goldberg contraption.
So, for the risk-averse, they have the option to peg this BTC-collaterized stablecoin to another stable coin called DOC, while the adventurous are just sticking to BTC by another name, Bitpro. There are numerous stable coins to chose from already, what makes DOC any different?

The difference is that it is the first stablecoin with bitcoin as collateral with focus on decentralization and with every transaction made through smart contracts.

[jillscarbrough]

~

Sounds like another Rube Goldberg contraption.
So, for the risk-averse, they have the option to peg this BTC-collaterized stablecoin to another stable coin called DOC, while the adventurous are just sticking to BTC by another name, Bitpro. There are numerous stable coins to chose from already, what makes DOC any different?

What makes this DOC different from others?
As users, off course, my view wouldn't be much different as yours. Moreover, the platform doesn't exist, and we both don't test it yet. (-Even if I try to answer, it's just my own conclusion from what I've read-)

But at least, their CEO has been post some short explanation above your post, and off course, they have more info on their web. Unfortunately, their white-paper doesn't publish yet. Let's wait for the white-paper!

[gomeZLTC]

yes, something like that. i do not realize it exists on their web, thanks for sharing it also for your explanation.

My pleasure!
I'm so lucky 'cause I find that video right on the main page of their web.

If the coin collateralized with btc, it can not refer to stablecoin since btc price is not stable..that is simple.

We're talkin' about a system.
Where a few things bundled on the platform...

Their first Stablecoin is Dollar on Chain (DoC), where the price will peg to the US Dollar...

am not lucky enough to find it. i swear i open their web, as i say before i don't realize it he he

[TimeTeller]

~

Sounds like another Rube Goldberg contraption.
So, for the risk-averse, they have the option to peg this BTC-collaterized stablecoin to another stable coin called DOC, while the adventurous are just sticking to BTC by another name, Bitpro. There are numerous stable coins to chose from already, what makes DOC any different?

What makes this DOC different from others?
As users, off course, my view wouldn't be much different as yours. Moreover, the platform doesn't exist, and we both don't test it yet. (-Even if I try to answer, it's just my own conclusion from what I've read-)

But at least, their CEO has been post some short explanation above your post, and off course, they have more info on their web. Unfortunately, their white-paper doesn't publish yet. Let's wait for the white-paper!

The explanation of the CEO by giving a simple example gives a notion that this platform might be worth watching for.
Hopefully, the actual scenario will be as simple as that. Because most of the time, there are so many factors in play when the project comes to life.
We can speculate if the project will going to hit it in the crypto community once we see their platform in operations.

[jillscarbrough]

What makes this DOC different from others?
As users, off course, my view wouldn't be much different as yours. Moreover, the platform doesn't exist, and we both don't test it yet. (-Even if I try to answer, it's just my own conclusion from what I've read-)

But at least, their CEO has been post some short explanation above your post, and off course, they have more info on their web. Unfortunately, their white-paper doesn't publish yet. Let's wait for the white-paper!

The explanation of the CEO by giving a simple example gives a notion that this platform might be worth watching for.
Hopefully, the actual scenario will be as simple as that. Because most of the time, there are so many factors in play when the project comes to life.
We can speculate if the project will going to hit it in the crypto community once we see their platform in operations.

Yeah, I hope so.
The smart contract did the whole complex process, and the platform gave us the rest (simplest things to do - click & click )

am not lucky enough to find it. i swear i open their web, as i say before i don't realize it he he

 

[ajaymukund]

Currently, there are also big competitors such as Paypal, Visa, Mastercard and some other credit businesses serving this. The big problem for them is that each exchange costs up to 6% or 7%.
The issue of cost is still one of the things that makes traders unwilling to trade on these platforms. So how will your project solve this fee problem to attract more customers?

[jillscarbrough]

Currently, there are also big competitors such as Paypal, Visa, Mastercard and some other credit businesses serving this. The big problem for them is that each exchange costs up to 6% or 7%.

 I'm not really sure about which part you were comparing...

The issue of cost is still one of the things that makes traders unwilling to trade on these platforms. So how will your project solve this fee problem to attract more customers?

We will issue a third token, the Money On Chain Token (MOC). The MOC’s will have three uses:

MOC holders will have a discount when paying the fees for the use of the platform using MOCs
They will have the power to vote and veto the platform updates.
The MOC Holders will be able to run an Oracle that will provide BTC prices and other data to the platform and get a reward for doing this.

 Maybe this is one of the solutions you are looking for, but that was not in general as a solution, it's more like a benefit, indeed.

[kalacC]

I just curious about this, as per information on your web, it said moc would use as an incentive for those who run moc nodes. So, my stupid question is, how is the models will be? are this will be similar to staking or master node that needs collateral to run the node? or?

Where is the answer for a newbie question? Are newbie allowed for ask here?

[jillscarbrough]

Are newbie allowed for ask here?

 Nah ^(*jk) 

 Maybe they're quite busy at the moment, as they told before, they on Testnet preparation. But yes, it can't be a reason to ignore us here.
 So, where's the team?

[Harold Finch]

thanks for the explanation. but, how about to make some illustration graphic on the whitepaper, it will make it more easy to understand.

waiting for the whitepaper

Yes, info-graphic is a good idea to explain it in a simple way (even though max said that the process is kinda complex). The message will be sent to the team though so maybe, they'll create one for the public.

The project is very nice, if understand correct you are part of the team or have any connection with them?

[Bowtiesarecool]

BTC collateralized and calling it a stablecoin? The logical inference would be BTC = Stablecoin.
Does not compute
BTC is a very volatile asset. How is an asset collateralized on it anyway remotely stable, unless you're using another asset to hedge against the volatility or you've got a perfectly, functional crystal ball

You're absolutely right! I super agree with you on that point.

So, this is what 'em say on their web:
-I'm just quoting the explanation on their web related to your above post-

To solve Bitcoin’s volatility problem, we will provide a Bitcoin-collateralized stablecoin using a three-party system:

We strip Bitcoin’s volatility into two separate tokens:

The Dollar on Chain (DOC), is pegged to us Dollar for risk-averse individuals

The BitPRO, a token for risk-propense Bitcoin holders seeking a passive income in BTC

The DOC tokens will be stable and pegged to the US dollar, such that each DOC token will have a value of USD 1. As these tokens will be entirely stable, they are a volatility-free asset that will perform the three functions of money mentioned above: a medium of exchange, unit of account, and a store of value.
................................................and so on

Source: https://moneyonchain.com/solution/

Sounds like another Rube Goldberg contraption.
So, for the risk-averse, they have the option to peg this BTC-collaterized stablecoin to another stable coin called DOC, while the adventurous are just sticking to BTC by another name, Bitpro. There are numerous stable coins to chose from already, what makes DOC any different?

The difference is that it is the first stablecoin with bitcoin as collateral with focus on decentralization and with every transaction made through smart contracts.

And therein lies the problem.
Focused on decentralization? What stablecoin is not focused on decentralization after all, they are issued on decentralized protocols.
Yes, you can argue that they are issued by centralized authorities/entities, but are you not just the same?
And smart contracts? I can't boldly argue all stablecoins have smart contracts, but I can certainly argue all stablecoins issued on Ethereum protocol do - USDC, PAX, TUSD... can even toss BUSD too despite being BEP2

[jillscarbrough]

The difference is that it is the first stablecoin with bitcoin as collateral with focus on decentralization and with every transaction made through smart contracts.

And therein lies the problem.
Focused on decentralization? What stablecoin is not focused on decentralization after all, they are issued on decentralized protocols.
Yes, you can argue that they are issued by centralized authorities/entities, but are you not just the same?
And smart contracts? I can't boldly argue all stablecoins have smart contracts, but I can certainly argue all stablecoins issued on Ethereum protocol do - USDC, PAX, TUSD... can even toss BUSD too despite being BEP2

 I'm with you.... 

[Bowtiesarecool]

The difference is that it is the first stablecoin with bitcoin as collateral with focus on decentralization and with every transaction made through smart contracts.

And therein lies the problem.
Focused on decentralization? What stablecoin is not focused on decentralization after all, they are issued on decentralized protocols.
Yes, you can argue that they are issued by centralized authorities/entities, but are you not just the same?
And smart contracts? I can't boldly argue all stablecoins have smart contracts, but I can certainly argue all stablecoins issued on Ethereum protocol do - USDC, PAX, TUSD... can even toss BUSD too despite being BEP2

 I'm with you.... 

Hoping their next response will clarify these contradictions... not holding out hopes based on previous history though. I do know it's difficult to come up with new products in the blockchain industry that will turn heads. However, if it ain't broken and you're not improving on the existing, it sure does beg the question "why?".

[maxcarjuzaa]

thanks for the explanation. but, how about to make some illustration graphic on the whitepaper, it will make it more easy to understand.

waiting for the whitepaper

Yes, info-graphic is a good idea to explain it in a simple way (even though max said that the process is kinda complex). The message will be sent to the team though so maybe, they'll create one for the public.

Yes sir yes 
Ye ye ye, please create it one for us to make this complex thing more understandable.

Is there any updated info for the test-net, by the way?
Then, do we have the full model on the test-net?

Yes and no, we are have deployed the stable coin platform (functional) on the testnet but we are going to deploy the decentralized token exchange (probably) on november. The stable coin platform has the first version of our mathematical model but the governcance is still missing, moreover we have a lot of new exciting features that we are plannig to deploy next year.

The difference is that it is the first stablecoin with bitcoin as collateral with focus on decentralization and with every transaction made through smart contracts.

And therein lies the problem.
Focused on decentralization? What stablecoin is not focused on decentralization after all, they are issued on decentralized protocols.
Yes, you can argue that they are issued by centralized authorities/entities, but are you not just the same?
And smart contracts? I can't boldly argue all stablecoins have smart contracts, but I can certainly argue all stablecoins issued on Ethereum protocol do - USDC, PAX, TUSD... can even toss BUSD too despite being BEP2

 I'm with you.... 

Today we are fully centralized but as soon as we launch, the road to descentralization begins, our protocol eliminates the 3rd party risk asociated with UDSC, PAX, TUSD, DAI etc.

We are working to transfer The power to upgrade the smart contracts to the community not the fundation. As far as we know we are going to be the first DeFi with this characterist.

The difference is that it is the first stablecoin with bitcoin as collateral with focus on decentralization and with every transaction made through smart contracts.

And therein lies the problem.
Focused on decentralization? What stablecoin is not focused on decentralization after all, they are issued on decentralized protocols.
Yes, you can argue that they are issued by centralized authorities/entities, but are you not just the same?
And smart contracts? I can't boldly argue all stablecoins have smart contracts, but I can certainly argue all stablecoins issued on Ethereum protocol do - USDC, PAX, TUSD... can even toss BUSD too despite being BEP2

 I'm with you.... 

Hoping their next response will clarify these contradictions... not holding out hopes based on previous history though. I do know it's difficult to come up with new products in the blockchain industry that will turn heads. However, if it ain't broken and you're not improving on the existing, it sure does beg the question "why?".

Why? because we are bitcoiners, and we need a stable coin that inherit BTC propeties like no counterparty risk and censorship resistance.


 We are glad to share access to MoneyOnChain platform in
@RSKsmart
 Testnet! 

 Check out what Money On Chain is https://youtu.be/3UrVZHh-L4w 

✅ Test our platform here https://moc-testnet.moneyonchain.com

Here are some instructions to access Money On Chain Testnet
https://drive.google.com/file/d/1lflkp7A0ExXpL5Ch-uM-TUeeaCOSq3a6/view

If in doubt, join our community on Telegram and ask: https://t.co/gsqvbpYnrO?amp=1

Whitepaper: https://t.co/m6yAY2gYtR?amp=1

Follow us on twitter! @moneyonchainok

[jillscarbrough]

 As I thought,

✅ Test our platform here https://moc-testnet.moneyonchain.com

👉Here are some instructions to access Money On Chain Testnet
https://drive.google.com/file/d/1lflkp7A0ExXpL5Ch-uM-TUeeaCOSq3a6/view

 I'll try to test it later today (I wish I have time for doing this)

Whitepaper: https://t.co/m6yAY2gYtR?amp=1

 Finally.....

We are working to transfer The power to upgrade the smart contracts to the community not the fundation. As far as we know we are going to be the first DeFi with this characterist.

 Pretty good statement.

 So, let's see!
 Will MoC be "the real" decentralized finance platform?

[ning_aric]

Lots of stablecoin startup projects around. Mostly by big exchanges or blockchain projects. I kinda want to suggest the Mods create a sub grouo for stable coin discussions.
Btw I’ll like OP to post a lot more information about Money On Chain. That should be the reason for this sub. I’ll like to read your white paper, find out how different you really are.

[sapta]

Lots of stablecoin startup projects around. Mostly by big exchanges or blockchain projects. I kinda want to suggest the Mods create a sub grouo for stable coin discussions.
Btw I’ll like OP to post a lot more information about Money On Chain. That should be the reason for this sub. I’ll like to read your white paper, find out how different you really are.

More information will be added, of course, once its available. And I'm sure that the team will ask me to update it sometimes in the future.

[Rozita]

Btw I’ll like OP to post a lot more information about Money On Chain. That should be the reason for this sub. I’ll like to read your white paper, find out how different you really are.

According to their website, the whitepaper will be published before main net release on 2019 Q4.
There is a form on the website which you can fill it to receive the whitepaper immediately after it is published. 

[jillscarbrough]

- -

According to their website, the whitepaper will be published before main net release on 2019 Q4.
There is a form on the website which you can fill it to receive the whitepaper immediately after it is published. 

 You're so lucky, White-paper been posted here by the CEO....   👇

Whitepaper: https://t.co/m6yAY2gYtR?amp=1

[Rozita]

You're so lucky, White-paper been posted here by the CEO....  👇

So, why the website says that the whitepaper has not published yet?
Here is what is written on Moneychain official website.
"We will publish the project whitepaper closer to the main-net release estimated for 2019Q4."

Whenever the official whitepaper is published they will likely ask Sapta to add that to the OP.

[jillscarbrough]

You're so lucky, White-paper been posted here by the CEO....  👇

So, why the website says that the whitepaper has not published yet?
Here is what is written on Moneychain official website.
"We will publish the project whitepaper closer to the main-net release estimated for 2019Q4."
 

 Tha's why I said you (-we-) are lucky enough to be here, while even their web doesn't update yet...

Whenever the official whitepaper is published they will likely ask Sapta to add that to the OP.

 The link above is: [Technical whitepaper — release 2 — revision 4] September 19, 2019
 (Written by Maximiliano Carjuzaa and Alejandro Bokser with the collaboration of Javier García Sanchez)

 And the one who posts the link here on this forum is one of its writer [Maximiliano Carjuzaa / maxcarjuzaa - MoneyOnChain's Co-Founder]

 I'm not saying this is the official one, but it's enough for us to know more about the project...Isn't it?

[xafzw]

keep

[jillscarbrough]

keep

 What you've been keeping?  


 So, today I look around MoC's Testnet (I'm not doing in-depth test yet),  
 here's a few MoC's platform view:



 We'll need Metamask for login to the platform,
 but don't forget to check the instruction (how to do it) - this one! (Read it! - Trust Me!)  

Here are some instructions to access Money On Chain Testnet
https://drive.google.com/file/d/1lflkp7A0ExXpL5Ch-uM-TUeeaCOSq3a6/view

[gomeZLTC]

i try to login using metamask, but there is something error appear, no connection, what am missing here?

[jillscarbrough]

i try to login using metamask, but there is something error appear, no connection, what am missing here?

 I told you...

 We'll need Metamask for login to the platform,
 but don't forget to check the instruction (how to do it) - this one! (Read it! - Trust Me!) 

Here are some instructions to access Money On Chain Testnet
https://drive.google.com/file/d/1lflkp7A0ExXpL5Ch-uM-TUeeaCOSq3a6/view

 You'll need to create custom RPC on your Metamask...
 Read the instructions!!!

[sukoyomi]

i try to login using metamask, but there is something error appear, no connection, what am missing here?

 I told you...

 We'll need Metamask for login to the platform,
 but don't forget to check the instruction (how to do it) - this one! (Read it! - Trust Me!) 

Here are some instructions to access Money On Chain Testnet
https://drive.google.com/file/d/1lflkp7A0ExXpL5Ch-uM-TUeeaCOSq3a6/view

 You'll need to create custom RPC on your Metamask...
 Read the instructions!!!

The way is looks so long down, it does cause a little laziness, but the instructions are made very easy to understand. And also that picture are really help and motivates.

[jillscarbrough]

-
 You'll need to create custom RPC on your Metamask...
 Read the instructions!!!

The way is looks so long down, it does cause a little laziness, but the instructions are made very easy to understand. And also that picture are really help and motivates.

 Yeah, indeed... 
 It's 15 pages only, and 87.54% of the contents are instructions in the form of images,
 I think it'll be so much different from 15-pages textual-instructions.

[HodlerKing101]

When will the team publish the whitepaper? That's one of the things that people look for tbh

[jillscarbrough]

When will the team publish the whitepaper? That's one of the things that people look for tbh

 https://moneyonchain.com/whitepaper/

 Nor ----------------------------------------

Whitepaper: https://t.co/m6yAY2gYtR?amp=1

[gomeZLTC]

i try to login using metamask, but there is something error appear, no connection, what am missing here?

 I told you...

 We'll need Metamask for login to the platform,
 but don't forget to check the instruction (how to do it) - this one! (Read it! - Trust Me!) 

Here are some instructions to access Money On Chain Testnet
https://drive.google.com/file/d/1lflkp7A0ExXpL5Ch-uM-TUeeaCOSq3a6/view

 You'll need to create custom RPC on your Metamask...
 Read the instructions!!!

got it, thanks for your advice, next time i will read the instructions first 

[BillGoldberg]

When will the team publish the whitepaper? That's one of the things that people look for tbh

 https://moneyonchain.com/whitepaper/

 Nor ----------------------------------------

Whitepaper: /m6yAY2gYtR?amp=1]https:/[Suspicious link removed]/m6yAY2gYtR?amp=1

Thanks for sharing, it's good to see that there's even an 'Executive Summary' and not just the Whitepaper. Most projects don't even bother making one at all.

[jillscarbrough]

-

 https://moneyonchain.com/whitepaper/

Whitepaper: /m6yAY2gYtR?amp=1]https:/[Suspicious link removed]/m6yAY2gYtR?amp=1

Thanks for sharing...

 My pleasure!

...it's good to see that there's even an 'Executive Summary' and not just the Whitepaper. Most projects don't even bother making one at all.

 It may indicate something in the future, let's see!

-

got it, thanks for your advice, next time i will read the instructions first 

 Cool.... 

[kalacC]

Seriously? I didn't get any answer to my question? Ok team, just forget my question, I'll try to find it myself on your Testnet.

[gomeZLTC]

Seriously? I didn't get any answer to my question? Ok team, just forget my question, I'll try to find it myself on your Testnet.

what your question is? maybe they do not realize you ask them.

[perri]

Seriously? I didn't get any answer to my question? Ok team, just forget my question, I'll try to find it myself on your Testnet.

Your question posted on page one, I think they didn't realize it. Let's quote your question here. Let's hope they'll realize it now.

@Dev, Did you have some plan to answer this question? 

I just curious about this, as per information on your web, it said moc would use as an incentive for those who run moc nodes. So, my stupid question is, how is the models will be? are this will be similar to staking or master node that needs collateral to run the node? or?

[jillscarbrough]

-

   -

I just curious about this, as per information on your web, it said moc would use as an incentive for those who run moc nodes. So, my stupid question is, how is the models will be? are this will be similar to staking or master node that needs collateral to run the node? or?

 I'm not sure how's the mechanism will be (in detail).
 But, this is the simple illustration of -how this ecosystem will work-

 

 Source: https://drive.google.com/file/d/1g9LgMN9CfXbFiGZXV4aZ8MyYwRu4YUKp/view

[Maritu]

Why is Money On Chain different? Max Carjuzaa talked about it in this No Soy Satoshi podcast

VIDEO: https://youtu.be/USZzRJ7p15M

[kalacC]

Why is Money On Chain different? Max Carjuzaa talked about it in this No Soy Satoshi podcast

VIDEO: https://youtu.be/USZzRJ7p15M

Are you part of the team of this project? If it yes, answering my ignored question will be better than just share that video.

[Maritu]

Why is Money On Chain different? Max Carjuzaa talked about it in this No Soy Satoshi podcast

VIDEO: https://youtu.be/USZzRJ7p15M

Are you part of the team of this project? If it yes, answering my ignored question will be better than just share that video.

Hi KalacC! Thanks for the interest


Yes, you will need to stake MoCs tokens to run a node (you could also stake your MoC in a node that someone else is running, without risking your tokens). For this service, the MoC Protocol will share fees that users pay. Nodes will be implemented next year. 

[kalacC]

Why is Money On Chain different? Max Carjuzaa talked about it in this No Soy Satoshi podcast

VIDEO: https://youtu.be/USZzRJ7p15M

Are you part of the team of this project? If it yes, answering my ignored question will be better than just share that video.

Hi KalacC! Thanks for the interest


Yes, you will need to stake MoCs tokens to run a node (you could also stake your MoC in a node that someone else is running, without risking your tokens). For this service, the MoC Protocol will share fees that users pay. Nodes will be implemented next year. 

For me, this is the best thing this project provides, stacking coins wheres we have a stable coin on it. What's better?
Next year is just a few months in front.

[jillscarbrough]

-

  -

     -

For me, this is the best thing this project provides, stacking coins wheres we have a stable coin on it. What's better?
Next year is just a few months in front.

 You've got the answer,

@Maritu
 Could you please explain to us, how much MoC needs to stake as collateral to run the nodes?

 And what about this?

you could also stake your MoC in a node that someone else is running, without risking your tokens

[kalacC]

Yes, I got the answer, but now you have been ignored, just like me 

[jillscarbrough]

Yes, I got the answer, but now you have been ignored, just like me 

 Yeah, maybe they've been busy at this moment. But still, ignoring us here isn't a good thing for whatever reason.

 Let's see how fast they're on Telegram Group!
 https://t.me/MoneyOnChainCommunity

[perri]

-snip-

 Yeah, maybe they've been busy at this moment. But still, ignoring us here isn't a good thing for whatever reason.

 Let's see how fast they're on Telegram Group!
 https://t.me/MoneyOnChainCommunity

This group isn't active much, but all admin has a fast response when people ask, I've been there for a month, maybe more.

[[YAZ]]

++++

++++

Glad to see you here JS

What makes you as a miner care 'bout this thing, by the way? Trying to find something new than just mining, are you?
We're facing a hard phase on mining, I've sold half of my GPUs. Did you think this kind of project promising enough as an alternative? I'm just curious 'bout your interest...JS

[jillscarbrough]

Glad to see you here JS

 Are you just woke up?

What makes you as a miner care 'bout this thing, by the way? Trying to find something new than just mining, are you?

 Hail Miners!

We're facing a hard phase on mining, I've sold half of my GPUs.

 Yeah, so sad.

Did you think this kind of project promising enough as an alternative? I'm just curious 'bout your interest...JS

 I don't know what to say, but at least I'd been comparing this project with others in many aspects, and you find me here.

 Have you read their White-paper?

[[YAZ]]

Did you think this kind of project promising enough as an alternative? I'm just curious 'bout your interest...JS

 I don't know what to say, but at least I'd been comparing this project with others in many aspects, and you find me here.

 Have you read their White-paper?

It's not clear enough what's your purpose when a paid signature been there on your signature space, lol.

Yep, I'll try to find out on the white paper. 

[jillscarbrough]

It's not clear enough what's your purpose when a paid signature been there on your signature space, lol.

 It's just my supports to the project.
 To be honest, I'm not accepted on that signature campaign (Since I'm never active in the gambling section)
 Should I change my signature with this project signature? 

[kalacC]

It's not clear enough what's your purpose when a paid signature been there on your signature space, lol.

 It's just my supports to the project.
 To be honest, I'm not accepted on that signature campaign (Since I'm never active in the gambling section)
 Should I change my signature with this project signature? 

Please don't! they still ignored your question 

[jillscarbrough]

It's just my supports to the project.
 To be honest, I'm not accepted on that signature campaign (Since I'm never active in the gambling section)
 Should I change my signature with this project signature? 

Please don't! they still ignored your question 

 Of course, It's not free  jk

[[YAZ]]

++++

 I don't know what to say, but at least I'd been comparing this project with others in many aspects, and you find me here.

 Have you read their White-paper?

It's not clear enough what's your purpose when a paid signature been there on your signature space, lol.

Yep, I'll try to find out on the white paper. 

It turns out quite boring to read a technical white paper 

[jillscarbrough]

It turns out quite boring to read a technical white paper 

 Even it's happened to a technical person for sure...
 What about to try this?

 ✅ Test our platform here https://moc-testnet.moneyonchain.com

Here are some instructions to access Money On Chain Testnet
https://drive.google.com/file/d/1lflkp7A0ExXpL5Ch-uM-TUeeaCOSq3a6/view

[[YAZ]]

++++

 Even it's happened to a technical person for sure...
 What about to try this?

 ✅ Test our platform here https://moc-testnet.moneyonchain.com

Here are some instructions to access Money On Chain Testnet
https://drive.google.com/file/d/1lflkp7A0ExXpL5Ch-uM-TUeeaCOSq3a6/view

Yep, straight to practice, always be a good idea.
K, I'll try it later.

[jillscarbrough]

Yep, straight to practice, always be a good idea.
K, I'll try it later.

 Always,
 So, what the result? I mean, what you think about the project?

[[YAZ]]

Yep, straight to practice, always be a good idea.
K, I'll try it later.

 Always,
 So, what the result? I mean, what you think about the project?

I don't test it yet. Why don't you share your experience, U've been testing it, don't you?

[jillscarbrough]

-

 Always,
 So, what the result? I mean, what you think about the project?

I don't test it yet. Why don't you share your experience, U've been testing it, don't you?

 Yeah, of course.
 I've been testing it myself before, and also posted here.

 So, today I look around MoC's Testnet (I'm not doing in-depth test yet),  
 here's a few MoC's platform view:

[perri]

It's just my supports to the project.
 To be honest, I'm not accepted on that signature campaign (Since I'm never active in the gambling section)
 Should I change my signature with this project signature? 

Please don't! they still ignored your question 

 Of course, It's not free  jk

I like this one, when you made some proposals, please tell them, this also should be applied to Jr member   

[odiahpow]

when airdrop or bounty?

[jillscarbrough]

I like this one, when you made some proposals, please tell them, this also should be applied to Jr member   

 I will,
 if I remember to do it.

when airdrop or bounty?

 Tomorrow morning ^[jk]

[[YAZ]]

-

++++

++++

 Yeah, of course.
 I've been testing it myself before, and also posted here.

 So, today I look around MoC's Testnet (I'm not doing in-depth test yet),  
 here's a few MoC's platform view:

A bit busy with everything in a real-life, I'll test it this weekend, I swear 

++++

+++

 Of course, It's not free  jk

I like this one, when you made some proposals, please tell them, this also should be applied to Jr member   

Agree! 

[jillscarbrough]

A bit busy with everything in a real-life, I'll test it this weekend, I swear 

 Have you been done with the test?


 @MoC-Team
 So, what new here?
 Your social media are active enough, but it doesn't happen to this thread.

[Getadaaa]

Bitpro, a token for risk-friendly Bitcoins hodlers seeking a passive income in BTC. is it mean this is for ppl who want to take a risk? then how to get passive income from this risk activities?

This looks like a staking process. You could take the risk and stake your bitcoin on Bitpro. You receive rewards while Bitpro tokens get backed by bitcoin. Is there a process to ascertain how much bitcoin has been staked? How how of your tokens would be backed by BTC and how can users tell?

[jillscarbrough]

Airdrop 5000 Apetcoin cho 2000 thành viên đầu tiên tham gia cộng đồng Discord.
Một số thông tin về Apetcoin:
APET _ AnPhu NBConcept kết nối hệ thống công nghiệp đồ nội thất toàn cầu!
Chúng tôi đang cập nhật tất cả thông tin về các doanh nghiệp và dự án cũng như nhiều chương trình AIRDROP & BOUNTY. Apetcoin hiện được giao dịch trên sàn giao dịch Waveasdex.........

 

[jc12345]

If this is a stablecoin and pegged to Bitcoin, how many bitcoins will you be holding in collateral and at what rate will the coins be exchangeable for Bitcoin? Where will you keep the bitcoins and who will be controlling it? Where will the bitcoins collateral come from?

[[YAZ]]

A bit busy with everything in a real-life, I'll test it this weekend, I swear 

 Have you been done with the test?

I'm so sorry, I really busy these last few weeks. So, I'm not testing it yet. I'll check it when I get free time. 

[Maritu]

MoC has allocated up to 0.9 WBTC for those who identify significant security issues in Money On Chain Protocol 0.1 Background.

Looking forward to the community's help.

More info here: https://gitcoin.co/issue/money-on-chain/main-RBTC-contract/1/3726

[sapta]

Money on Chain is a sponsor of Latin American Bitcoin & Blockchain Conference

[tippytoes]

If this is a stablecoin and pegged to Bitcoin, how many bitcoins will you be holding in collateral and at what rate will the coins be exchangeable for Bitcoin? Where will you keep the bitcoins and who will be controlling it? Where will the bitcoins collateral come from?

Great question but I don't think the team will answer this important question. Actually, it is very easy to answer if they do have that amount of bitcoin as collateral. By the way, USDT project admitted before they don't have that amount of dollars as what it should have been. So it is only a matter of time when will they give the true statement regarding their assets.

[Maritu]

Excellent article from The Merkle about how Money On Chain aims to solve the volatility of cryptocurrency.

Read it here: https://themerkle.com/money-on-chain-the-new-breed-of-btc-backed-stablecoins/ 🙌


--------

“The MoneyOnChain ecosystem will oversee the governance of a loan system, locking up bitcoin as collateral.

Some words from Zycrypto article about Money On Chain's mainnent:

https://zycrypto.com/first-bitcoin-collateralized-stablecoin-launches-on-the-rsk-network/

------

“DeFi has been predominantly focused on Ethereum, but it seems that it’s about to change. Money on Chain has now launched a decentralized stablecoin protocol on RSK“

iHodl article about Money On Chain platform launch

Read more at https://ihodl.com/topnews/2019-12-13/first-bitcoin-backed-stablecoin-launches-rsk-network/

[Maritu]

Peter McCormack doesn't talk much about Stablecoins in his What Bitcoin Did podcast, so laBITconf team made him to learn about the topic on the panel of Max Carjuzaa (Money On Chain), Mariano Dipietra (Makerdao), N. Freeman (Reserve) and Joshua Scigala (Vaultoro.com)

Watch video ▶︎ https://www.youtube.com/watch?v=Ql5JcX4MCFk

[Maritu]

Why should we care to learn about Stablecoins? This is how Peter McCormack started the panel at laBITconf.

Watch video ▶️ https://youtu.be/8nffDNBPDXc

🗣️ Max carjuzaa (Money On Chain)
🗣️ Mariano Dipietra (Makerdao),
🗣️ N. Freeman (Reserve)
🗣️ Joshua Scigala (Vaultoro.com)

[FreemindUY]

If this is a stablecoin and pegged to Bitcoin, how many bitcoins will you be holding in collateral and at what rate will the coins be exchangeable for Bitcoin? Where will you keep the bitcoins and who will be controlling it? Where will the bitcoins collateral come from?

Great question but I don't think the team will answer this important question. Actually, it is very easy to answer if they do have that amount of bitcoin as collateral. By the way, USDT project admitted before they don't have that amount of dollars as what it should have been. So it is only a matter of time when will they give the true statement regarding their assets.

Hi, sorry, the team had been super busy with launch on Mainnet. The DOC is a Stablecoin that is not pegged to bitcoin, it is pegged to the USD price. The smartcontract exchanges the DOC for the amount of RBTC at current rate (1 DOC= 1 USD). The SmartBitcoins (RBTC) are in a SmartContract. The control of the Smart Contract will be held by MOC token holders (that is something we are still building). The bitcoins in the collateral come from Bitcoin holders that want to earn a passive income and get a free leverage (buying BPRO for that).

Regarding the collateral info, you can review all metrics in the platform, and also look for the info in https://explorer.rsk.co/

There is a group in telegram you can join also for more info: https://t.me/MoneyOnChainCommunity

[JuanMD]

Today brasilian users have been experiencing some issues with their connection to the Mainnet, due to a problem with the country's internet service.

Even though it has been fixed, if you experience any issue please let us know!

[Maritu]

Money On Chain and RSK hosted a workshop about DeFi a few days ago.

Here are some words from IOV Labs CEO Diego G. Záldivar at the end of the workshop

▶️ https://youtu.be/oC-gJHURcx4

[MoneyJ]

Interesting to have a DeFi that spearheading RSK . And there are few enthusiasts knowingly how big potential it is with MoneyOnChain. Any moderator from the group that might interact?