Reggie Middleton (OP)
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Merit: 100
UltraCoin "Smart" Derivatives: The Future of Money
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March 16, 2015, 07:49:35 PM |
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The same team that forecast the fall of Bear Stearns and Lehman Brothers formed a team of blockchain technology engineers and solved the "Too Big Too Fail" issue in the banking system with Bitcoin-based tradeable assets that essentially disintermediate not only banks, but management consulting firms as well. The assets are available for purchase today, as is the counterparty risk-free solution they propose. Not a white paper or a concept, but an existing solution. See http://veritaseum.com/index.php/homes/item/106-veritaseum-vertias-user-case-to-prevent-banks-from-failing-the-next-stress-test
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*Link Removed* : The Future of Money! A "Smart", Zero Trust, Peer to Peer, Decentralized derivative layer on top of Bitcoin!!! *Image Removed*
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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NUFCrichard
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March 16, 2015, 08:04:10 PM |
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I don't get it, how can Bitcoin with a total world value of 4 billion be used to in any way prop up too big to fail banks? TARP last time was 700billion officially, with more than double that actually given out to banks. Maybe I am missing something, but it seems like bitcoin is too small to help here.
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Reggie Middleton (OP)
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UltraCoin "Smart" Derivatives: The Future of Money
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March 17, 2015, 06:32:11 AM |
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The nominal value of bitcoin will increase/decrease according to the laws of supply and demand, thus as banks adopt, the nominal value increases. The USD, when first adopted, had a nominal value likely in the low single digit million ( http://www.banknoteden.com/USA_Colonials.html). Now it is easily measured in the trillions. As of April 2013, the monetary base was $3 trillion and M2, the broadest measure of money supply, was $10.5 trillion. In addition, it's the blockchain technology that we're proposing would save the banks from a risk perspective, not the actual BTC themselves.
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*Link Removed* : The Future of Money! A "Smart", Zero Trust, Peer to Peer, Decentralized derivative layer on top of Bitcoin!!! *Image Removed*
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H.W.Z
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March 17, 2015, 07:07:26 AM |
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I don't think every normal users will need eritaseum's future goods and services. Probably they just buyt it and speculate about the appreciating price of the assets.
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chennan
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March 17, 2015, 07:12:24 AM |
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I don't get it, how can Bitcoin with a total world value of 4 billion be used to in any way prop up too big to fail banks? TARP last time was 700billion officially, with more than double that actually given out to banks. Maybe I am missing something, but it seems like bitcoin is too small to help here. I think it means the company Veritaseum offers financial analysis, investment and engineering service to its customers, help them identify the investment opportunity and avoid the shitty investment or the big financial institutions which are falling in difficulties.
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Reggie Middleton (OP)
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UltraCoin "Smart" Derivatives: The Future of Money
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March 17, 2015, 12:27:33 PM |
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I don't think every normal users will need eritaseum's future goods and services. Probably they just buyt it and speculate about the appreciating price of the assets.
Veritaseum is an institutional and/or professional grade product made usable for the everyday person. As things get rolling, we will come up with simplified services and use cases to the everyday man/woman as well.
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*Link Removed* : The Future of Money! A "Smart", Zero Trust, Peer to Peer, Decentralized derivative layer on top of Bitcoin!!! *Image Removed*
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Reggie Middleton (OP)
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Activity: 136
Merit: 100
UltraCoin "Smart" Derivatives: The Future of Money
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March 17, 2015, 12:29:13 PM |
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I don't get it, how can Bitcoin with a total world value of 4 billion be used to in any way prop up too big to fail banks? TARP last time was 700billion officially, with more than double that actually given out to banks. Maybe I am missing something, but it seems like bitcoin is too small to help here. I think it means the company Veritaseum offers financial analysis, investment and engineering service to its customers, help them identify the investment opportunity and avoid the shitty investment or the big financial institutions which are falling in difficulties. You got it!
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*Link Removed* : The Future of Money! A "Smart", Zero Trust, Peer to Peer, Decentralized derivative layer on top of Bitcoin!!! *Image Removed*
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