Our new economic model could be defi

[Josefjix]

Your topic and the epistle you typed on it are erroneously passed, fiat is greater than Defi. You just want to pass a beautiful message but you lack basic comprehension, Defi are almost scam, fiat has a lot of value in econometrics than Defi.

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[arwin100]

Your topic and the epistle you typed on it are erroneously passed, fiat is greater than Defi. You just want to pass a beautiful message but you lack basic comprehension, Defi are almost scam, fiat has a lot of value in econometrics than Defi.

It's not only about its value. You can see only the USA economy is worth over 22 trillion dollars and the whole crypto market worth about 560 Billion dollars. Right now fiat is stronger than DeFi but it won't be this why if crypto market growth stays the same. DeFi offers something greater than the traditional banking system can. So I can only assume a bright future of DeFi space.

For now the offers of DEFI is great but for what I see is different from it's real intention many scamming happened on DEFI right now and looks like it will go the same path of ICO before that's why I don't trust those things right now and never got an interest about it. So maybe I will go or trust more the traditional banking for now since there's no convincing things happened yet on my side on DEFI things.

[atjiat]

Your topic and the epistle you typed on it are erroneously passed, fiat is greater than Defi. You just want to pass a beautiful message but you lack basic comprehension, Defi are almost scam, fiat has a lot of value in econometrics than Defi.

It's not only about its value. You can see only the USA economy is worth over 22 trillion dollars and the whole crypto market worth about 560 Billion dollars. Right now fiat is stronger than DeFi but it won't be this why if crypto market growth stays the same. DeFi offers something greater than the traditional banking system can. So I can only assume a bright future of DeFi space.

For now the offers of DEFI is great but for what I see is different from it's real intention many scamming happened on DEFI right now and looks like it will go the same path of ICO before that's why I don't trust those things right now and never got an interest about it. So maybe I will go or trust more the traditional banking for now since there's no convincing things happened yet on my side on DEFI things.

Undoubtedly, the popularity of DeFi in the cryptocurrency market is too high and brings users quite high income. But if you look from the point of view of government policies and the influence of regulatory structures, then decentralized finance may be at risk, since no government at the present time will be able to accept such projects.

[VictorProsh]

When they say that fiat debt based not good...
But I know and Everybody knows Bitcoin is not solution...

Defi could be the new solution for the New economic system.
Your money can do more for you and the defi are very well together with stable coins.

I dont think that DEFI is just quick scam... I think it has some bigger meaning.

I propose to build an alternative to the existing DeFi

These are the conditions for an ideal cryptocurrency outlined in my project
https://bitcointalk.org/index.php?topic=5267705.0

1. It is available to everyone who wants to purchase it (for mining).
2. Produced at the expense of the financial resources of ETH holders.
3. It only has positive volatility, so it cannot be reset (merged).
4. Its free amount cannot exceed 10 percent of the total emission of ETH.
5. Regulates unlimited emission of ETH in the network.
6. This cryptocurrency is a symbiosis of two tokens ETH-WORLD and ETH, working in pairs and mutually compensating each other.
7. This currency cannot be controlled and only obeys simple economic law.

[stompix]

I propose to build an alternative to the existing DeFi
3. It only has positive volatility, so it cannot be reset (merged).

Congratulations on inventing the square circle with 3 corners.
Skimmed through your so-called whitepaper for your marvelous projects and I have to say you have quite the imagination.

31.  ETH-WORLD tokens are very attractive for the bank as they are secured and have constant growth and cannot be devalued.

Seriously? You have just created the token that cannot be devalued no matter what? Sorry but this contradicts point 7

7. This currency cannot be controlled and only obeys simple economic law.

I wonder when people will stop with this whole ico/defi/token craze and realize that not a single thing in this whole universe guarantees a profit and in the case of those shitcoins, it more the opposite. There is no Philosopher's stone that can turn any token into something of value just by saying an incantation, you can't defy the laws you've mentioned yourself just by designing rules in a contract.

[nomenclatur]

but unfortunately the Defi system is very weak and makes a lot of money loss investors are also increasingly disappointed because almost all Defi tokens have fallen in price and it doesn't mean that the hack happened several times making the Defi Tokens price even lower Defi is actually a solution for finances but their bad system makes Investors are not too keen to enter for more profit taking and opportunities because of excessive frustration.

[VictorProsh]

I propose to build an alternative to the existing DeFi
3. It only has positive volatility, so it cannot be reset (merged).

Congratulations on inventing the square circle with 3 corners.
Skimmed through your so-called whitepaper for your marvelous projects and I have to say you have quite the imagination.

31.  ETH-WORLD tokens are very attractive for the bank as they are secured and have constant growth and cannot be devalued.

Seriously? You have just created the token that cannot be devalued no matter what? Sorry but this contradicts point 7

7. This currency cannot be controlled and only obeys simple economic law.

I wonder when people will stop with this whole ico/defi/token craze and realize that not a single thing in this whole universe guarantees a profit and in the case of those shitcoins, it more the opposite. There is no Philosopher's stone that can turn any token into something of value just by saying an incantation, you can't defy the laws you've mentioned yourself just by designing rules in a contract.

No joke here, if you read the entire project, and not just its excerpts, perhaps your opinion will change to the opposite. Still no one has been able to prove that I'm wrong, try it, maybe you will succeed.
http://prosh.ru/smartcontract.html

[Inspiron14]

DeFi can indeed be a good solution for debt, especially since the CeFi system has many problems,
especially in banks, many people who can't pay make them imprisoned,
of course this makes people reluctant to loan at the bank again, and DeFi is the best solution.

[Xinarae*]

According to the economic work model even if the price of defy increases, it will not be able to compete with cryptocurrencies. As cryptocurrency prices rise so do the companies in these defi projects. Cryptocurrencies are much safer than Defi and there is no fear of losing them. Many powerful currencies are not scammed defi projects have risen to prominence in the crypto market. Its companies will not be able to rise above the currency if they provide token value.

[stompix]

No joke here, if you read the entire project, and not just its excerpts, perhaps your opinion will change to the opposite.

Since I posted those from your project page I most certainly read it before saying all that I said.
And I always read before posting something!

Still no one has been able to prove that I'm wrong, try it, maybe you will succeed.

No, it's the other way around, I've read both your whitepaper and your thread, nobody will be able to prove you something because you're not listening. And the proof in that is that even here you've never bothered to prove I'm wrong you simply threw a link and claim you're always right. Let me get you a hint why I said that and quoted line number 3.  How do you achieve negative volatility? If you can't it means by default that all volatility is positive, isn't it?

But I already know by now that you won't be convinced so how about we do it the other way around?
You launch your token and prove us wrong? Oh, wait...you need other people's money for this.

[VictorProsh]

No joke here, if you read the entire project, and not just its excerpts, perhaps your opinion will change to the opposite.

Since I posted those from your project page I most certainly read it before saying all that I said.
And I always read before posting something!

Still no one has been able to prove that I'm wrong, try it, maybe you will succeed.

No, it's the other way around, I've read both your whitepaper and your thread, nobody will be able to prove you something because you're not listening. And the proof in that is that even here you've never bothered to prove I'm wrong you simply threw a link and claim you're always right. Let me get you a hint why I said that and quoted line number 3.  How do you achieve negative volatility? If you can't it means by default that all volatility is positive, isn't it?

But I already know by now that you won't be convinced so how about we do it the other way around?
You launch your token and prove us wrong? Oh, wait...you need other people's money for this.

Dear opponent, volatility cannot be positive or negative.
By the term negative volatility, I meant that the direction of the price vector can only go up or equal to zero, but never down. I coined the term negative volatility as a marketing ploy that draws attention to the problem of solving my project. Almost all participants rushed to defend volatility without paying attention to the project itself. The project itself solves the problem of making a crypto currency not only as a tool for traders playing on the stock exchange, but also as a reliable decentralized investment vehicle that is not subject to devaluation. Very few people paid attention to this aspect of the project. There is not a word about negative volatility in the project itself, so I told you to go to the source and show at which point in the project you found it.
As for the launch of the project, money is needed only for the development of the project itself.
Project extract http://prosh.ru/smartcontract.html
27. The project is completely lacking any regulator. The main advantage of the project is that ETH owners manage their financial assets without sending them anywhere other than their addresses connected to the smart contract, or only for the necessary initial connection, and also if they only need ETH-WORLD tokens.

[stompix]

Dear opponent, volatility cannot be positive or negative.

Volatility is always positive, it is represented by a positive value from zero to infinity.
If not, then you're talking again about your own invention.

By the term negative volatility, I meant that the direction of the price vector can only go up or equal to zero, but never down. I coined the term negative volatility as a marketing ploy

Just what I was saying, you're inventing terms to try and picture in a different light something, hiding behind definitions.
The square with three corners that's actually a circle I mentioned earlier.

The project itself solves the problem of making a crypto currency not only as a tool for traders playing on the stock exchange, but also as a reliable decentralized investment vehicle that is not subject to devaluation.

add to that, "in theory" because of this:

Example. At the fall in the price of ETH, the Bank pro lending to clients for the 45th million of the ETH-WORLD token issue. The deposit received 1 million ETH, which is only 1% of the ETH issue. The bank received a pledge of 45 million ETH-WORLD tokens, while its price increased 100 times from the initial issue. If we assume that the price of ETH has dropped 10 times, and the price of tokens has increased by 100
<>
The greater the drop in ETH, the more people who want to insure their financial assets in the deposit, and thus the price of ETH-WORLD tokens increases even more.

this will happen only on paper, not in the real world. And stop telling me to read your article, yes I did it and it was a waste of time, how many times do you think people have come with the same idea? Do you think you have invented something revolutionary? Nope, tokens like yours have been already been issued and some have already failed.
But prove me wrong, launch your bulletproof way of never losing money, succeed where other messiahs have failed.

[VictorProsh]

Dear opponent, volatility cannot be positive or negative.

Volatility is always positive, it is represented by a positive value from zero to infinity.
If not, then you're talking again about your own invention.

By the term negative volatility, I meant that the direction of the price vector can only go up or equal to zero, but never down. I coined the term negative volatility as a marketing ploy

Just what I was saying, you're inventing terms to try and picture in a different light something, hiding behind definitions.
The square with three corners that's actually a circle I mentioned earlier.

The project itself solves the problem of making a crypto currency not only as a tool for traders playing on the stock exchange, but also as a reliable decentralized investment vehicle that is not subject to devaluation.

add to that, "in theory" because of this:

Example. At the fall in the price of ETH, the Bank pro lending to clients for the 45th million of the ETH-WORLD token issue. The deposit received 1 million ETH, which is only 1% of the ETH issue. The bank received a pledge of 45 million ETH-WORLD tokens, while its price increased 100 times from the initial issue. If we assume that the price of ETH has dropped 10 times, and the price of tokens has increased by 100
<>
The greater the drop in ETH, the more people who want to insure their financial assets in the deposit, and thus the price of ETH-WORLD tokens increases even more.

this will happen only on paper, not in the real world. And stop telling me to read your article, yes I did it and it was a waste of time, how many times do you think people have come with the same idea? Do you think you have invented something revolutionary? Nope, tokens like yours have been already been issued and some have already failed.
But prove me wrong, launch your bulletproof way of never losing money, succeed where other messiahs have failed.

http://prosh.ru/smartcontract.html
38. When creating this project, I did not initially set myself the task of repeating BITCOIN or something similar. I was looking for solutions to preserve financial assets in crypto currency. With any volatility in ETH, the ETH-WORLD asset grows. The maximum amount of the deposit, I suppose, will issue 80-85 million ETH-WORLD smart contract tokens, which means there are only 8-8.5 million free tokens, while the smart contract deposit volume will be only 50-60% of the total amount of all ETH.
If you can refute this by supporting your arguments with calculations, I will be grateful to you.

[VictorProsh]

What do you mean when you say "new economic system"?
In the opinion of finacal sharks and governments, they don't like defi because they cannot control it. So, I think defi only can be the new economic sub-system.

The existing DeFi Financial System, which is based on a manually controlled monetary system based on the exchange rate value of the dollar, which is exposed to the risks of losing financial assets in the event of large and sharp negative volatility of ETH, cannot be a completely reliable financial decentralized instrument.

[stompix]

38. When creating this project, I did not initially set myself the task of repeating BITCOIN or something similar. I was looking for solutions to preserve financial assets in crypto currency. With any volatility in ETH, the ETH-WORLD asset grows. The maximum amount of the deposit, I suppose, will issue 80-85 million ETH-WORLD smart contract tokens, which means there are only 8-8.5 million free tokens, while the smart contract deposit volume will be only 50-60% of the total amount of all ETH.
If you can refute this by supporting your arguments with calculations, I will be grateful to you.

I've highlighted the part that will go wrong.

Your idea is not new it's not revolutionary it's not even new in the fiat world, you think that locking coins would mean decreased volatility and thus it will increase the price but that things don't work, your whole idea is an increased deflation but not counting you are creating inflation with the rise in the price of your so-called safe token.
As I said, it works on paper but it doesn't work in reality, that's why makerdao who were one of the first to come with an idea about stability had to adjust their whole plan, yours is similar to SAI, read their whitepaper and you will understand why the whole burning and creating tokens for stability plan was abandoned in favor of a stable coin pegging.

Anyhow, this is not going anywhere, strat your token and you'll be able to come and laugh in my face once you succeed.
But I wonder how will you manage to do when a hundred others have had and tried to apply the same idea and failed.

[VictorProsh]

38. When creating this project, I did not initially set myself the task of repeating BITCOIN or something similar. I was looking for solutions to preserve financial assets in crypto currency. With any volatility in ETH, the ETH-WORLD asset grows. The maximum amount of the deposit, I suppose, will issue 80-85 million ETH-WORLD smart contract tokens, which means there are only 8-8.5 million free tokens, while the smart contract deposit volume will be only 50-60% of the total amount of all ETH.
If you can refute this by supporting your arguments with calculations, I will be grateful to you.

I've highlighted the part that will go wrong.

Your idea is not new it's not revolutionary it's not even new in the fiat world, you think that locking coins would mean decreased volatility and thus it will increase the price but that things don't work, your whole idea is an increased deflation but not counting you are creating inflation with the rise in the price of your so-called safe token.
As I said, it works on paper but it doesn't work in reality, that's why makerdao who were one of the first to come with an idea about stability had to adjust their whole plan, yours is similar to SAI, read their whitepaper and you will understand why the whole burning and creating tokens for stability plan was abandoned in favor of a stable coin pegging.

Anyhow, this is not going anywhere, strat your token and you'll be able to come and laugh in my face once you succeed.
But I wonder how will you manage to do when a hundred others have had and tried to apply the same idea and failed.

You wrote a lot of words about nothing, where is the specifics? You write inflation, deflation, prove your specific examples from what you draw your conclusions. Economics requires accuracy in calculations, in place of this you yourself laugh in my face, avoiding the facts of evidence. You don't even understand what you have highlighted in bold where the calculations come from and why ETH-WORLD tokens cannot be devalued. If you can refute this by supporting your arguments with calculations, I will be grateful to you.

[bits4books]

You look too narrowly at things only within your home/neighborhood and no more.
The existence of a fully decentralized economy is physically impossible because a very large number of enterprises are connected to each other simply through a sequential production cycle. And this is not to mention the General tax base, General accounting regulations and rules, and General principles of calculation.
In your beautiful world of a decentralized economy, everyone can do whatever they want with all this, and all this will very quickly get bogged down in a wild bureaucratic avalanche of all sorts of contracts on top of contracts, conversion processes, translation of documentation from one standard to another, and so on.
The economy cannot be decentralized also because the economy is built by the state and the people in it and the economy is almost the heart of the state. Just as the heart cannot be separate from the body, so the body cannot exist without the heart (for example, a human).

I only agree with you that every state is trying to adjust the monetary system, which does not always correspond to a sound economy. Comparison of the economy with the heart of the state is possible, but what about the heart affected by the disease of alcoholism or other objective ailments, where are the criteria that allow even the patient to strive for an objective recovery? Today, the world economy is ruled by the dollar, and tomorrow it is possible the yuan, but each of them strive for sole management with benefits, primarily for themselves, ignoring other participants in the world economy. Therefore, my opinion is that the world economy should be decentralized, the contribution to it should be adequate to the investment of each state of its GDP, and the total profitability will spread in proportion to the invested funds to all participants who agreed to participate in the new economic system. The main incentive is everyone's benefit in overall development.

The most successful countries with a good level of development are either absolutely giants, like China or the United States, or the European Union, which unites dozens of countries in one economic zone.
Decentralized development is when your neighbor has a stick made of metal, and you still have a wooden one. Yes, these are different things in composition, but they are essentially common. No large-scale projects have yet appeared through the efforts of only one state, they are all created in the union and mutually beneficial support. If all this were decentralized-only on one process of exchange, conversion and bringing to a common buffer whole of money, humanity would finish its large-scale projects, because this would cause an endless and endless bureaucracy.

[VictorProsh]

You look too narrowly at things only within your home/neighborhood and no more.
The existence of a fully decentralized economy is physically impossible because a very large number of enterprises are connected to each other simply through a sequential production cycle. And this is not to mention the General tax base, General accounting regulations and rules, and General principles of calculation.
In your beautiful world of a decentralized economy, everyone can do whatever they want with all this, and all this will very quickly get bogged down in a wild bureaucratic avalanche of all sorts of contracts on top of contracts, conversion processes, translation of documentation from one standard to another, and so on.
The economy cannot be decentralized also because the economy is built by the state and the people in it and the economy is almost the heart of the state. Just as the heart cannot be separate from the body, so the body cannot exist without the heart (for example, a human).

I only agree with you that every state is trying to adjust the monetary system, which does not always correspond to a sound economy. Comparison of the economy with the heart of the state is possible, but what about the heart affected by the disease of alcoholism or other objective ailments, where are the criteria that allow even the patient to strive for an objective recovery? Today, the world economy is ruled by the dollar, and tomorrow it is possible the yuan, but each of them strive for sole management with benefits, primarily for themselves, ignoring other participants in the world economy. Therefore, my opinion is that the world economy should be decentralized, the contribution to it should be adequate to the investment of each state of its GDP, and the total profitability will spread in proportion to the invested funds to all participants who agreed to participate in the new economic system. The main incentive is everyone's benefit in overall development.

The most successful countries with a good level of development are either absolutely giants, like China or the United States, or the European Union, which unites dozens of countries in one economic zone.
Decentralized development is when your neighbor has a stick made of metal, and you still have a wooden one. Yes, these are different things in composition, but they are essentially common. No large-scale projects have yet appeared through the efforts of only one state, they are all created in the union and mutually beneficial support. If all this were decentralized-only on one process of exchange, conversion and bringing to a common buffer whole of money, humanity would finish its large-scale projects, because this would cause an endless and endless bureaucracy.

You are the first who saw in my project a possible decentralized clipboard from a centralized currency to a decentralized one on a national scale. I do not agree with you about the bureaucracy, it can exist only through centralized management.

Project excerpt
http://prosh.ru/smartcontract.html
37. In a world where there are negative rates on deposits, there can be no successful development of the economy, so I am sure this platform will be in demand by banking businesses. The smart contract allows the owners of the ETH deposit, together with the financial sector (banks, funds, insurance companies, exchanges), to manage the entire cryptocurrency market. ETH-WORLD tokens backed by ETH this can be (a new single world currency under the code name Phoenix, which The Economist wrote about in 1988, issue 306) https://cont.ws/@infobazasm/812374 This currency cannot be controlled and to regulate it obeys only a simple economic law.

[bits4books]

You look too narrowly at things only within your home/neighborhood and no more.
The existence of a fully decentralized economy is physically impossible because a very large number of enterprises are connected to each other simply through a sequential production cycle. And this is not to mention the General tax base, General accounting regulations and rules, and General principles of calculation.
In your beautiful world of a decentralized economy, everyone can do whatever they want with all this, and all this will very quickly get bogged down in a wild bureaucratic avalanche of all sorts of contracts on top of contracts, conversion processes, translation of documentation from one standard to another, and so on.
The economy cannot be decentralized also because the economy is built by the state and the people in it and the economy is almost the heart of the state. Just as the heart cannot be separate from the body, so the body cannot exist without the heart (for example, a human).

I only agree with you that every state is trying to adjust the monetary system, which does not always correspond to a sound economy. Comparison of the economy with the heart of the state is possible, but what about the heart affected by the disease of alcoholism or other objective ailments, where are the criteria that allow even the patient to strive for an objective recovery? Today, the world economy is ruled by the dollar, and tomorrow it is possible the yuan, but each of them strive for sole management with benefits, primarily for themselves, ignoring other participants in the world economy. Therefore, my opinion is that the world economy should be decentralized, the contribution to it should be adequate to the investment of each state of its GDP, and the total profitability will spread in proportion to the invested funds to all participants who agreed to participate in the new economic system. The main incentive is everyone's benefit in overall development.

The most successful countries with a good level of development are either absolutely giants, like China or the United States, or the European Union, which unites dozens of countries in one economic zone.
Decentralized development is when your neighbor has a stick made of metal, and you still have a wooden one. Yes, these are different things in composition, but they are essentially common. No large-scale projects have yet appeared through the efforts of only one state, they are all created in the union and mutually beneficial support. If all this were decentralized-only on one process of exchange, conversion and bringing to a common buffer whole of money, humanity would finish its large-scale projects, because this would cause an endless and endless bureaucracy.

You are the first who saw in my project a possible decentralized clipboard from a centralized currency to a decentralized one on a national scale. I do not agree with you about the bureaucracy, it can exist only through centralized management.

Project excerpt
http://prosh.ru/smartcontract.html
37. In a world where there are negative rates on deposits, there can be no successful development of the economy, so I am sure this platform will be in demand by banking businesses. The smart contract allows the owners of the ETH deposit, together with the financial sector (banks, funds, insurance companies, exchanges), to manage the entire cryptocurrency market. ETH-WORLD tokens backed by ETH this can be (a new single world currency under the code name Phoenix, which The Economist wrote about in 1988, issue 306) https://cont.ws/@infobazasm/812374 This currency cannot be controlled and to regulate it obeys only a simple economic law.

i will not agree that negative rate is negative.
A positive deposit rate encourages savings among the population, which can eventually lead to a sharp increase in inflation in the future due to the release of a large number of these most accumulated money into circulation.
A negative rate, on the other hand, encourages spending here and now or curbs inflation by not allowing it to go as fast as it could. Any spending" in the moment " stimulates the general economic background and positive development, as any accumulation stimulates the printing of money to provide the economy with a stable money supply. just the same hoarding and the desire for it is the same "fiat bubble" about which everyone says so, but not vice versa.

[VictorProsh]

Everything that you have described on the account of saving savings and inflation applies to Fiat fairly, but this does not mean that this is the only correct decision to develop the economy. Currently, under the flag of DeFi, they want to transfer the same principle to cryptocurrency, completely repeating the same mistakes, creating cryptocurrency bubbles. Currently, in the crypto-currency world there is not a single solution for the preservation and lending of cryptocurrency (financial assets) that does not depend on the speculative rate of BITCOIN, managed by its main owners and who benefit from its controlled volatility. I solve this problem in my project. Preservation of financial assets in cryptocurrency does not create a financial bubble, but on the contrary reduces the mass of unused assets in circulation by transforming them into ETH-WORLD cryptocurrency that cannot be devalued.