[ANN][PREICO] 🚀 🅱onum - Global backed loans and deposits on blockchain 🚀 - page 22.

LuckyNicky

member

Activity: 252

Merit: 10

Quote from: Holopopstyir on February 12, 2018, 05:37:17 PM

Quote from: LuckyNicky on February 12, 2018, 04:09:13 PM

Quote from: Holopopstyir on February 10, 2018, 01:59:23 PM

Info from your site "The minimum length of loan or deposit is 1 hour"
Is this option for gambling lovers? I do not know where else you might need a loan for such a short period.

Even the audience of gamblers will be enough for such a service to be in demand.

If they constantly use such a service, yes. They usually have a very large cash turnover.

That's for sure. They win a lot, lose a lot. A small difference always goes in favor of the casino, but the turnover of money is really big.

mv1986

legendary

Activity: 2058

Merit: 1166

Quote from: AleXcreig on February 12, 2018, 04:28:51 PM

Quote from: mv1986 on February 10, 2018, 08:35:42 PM

Quote from: Holopopstyir on February 06, 2018, 02:10:28 PM

Do you think that there are people who, in order to pick up somebody's mortgages, can bring down the whole market? Sounds unbelievable and illogical.

Are you seriously comparing the mortgage market to the crypto market? We have seen real flash crashes, for example with Ethereum on GDAX. It is still a possibility whereas in the mortgage market it isn't.

What are the fundamental differences between the collateral market in fiat and the collateral market in the crypt?

That the required collateral in fiat markets often consists of provenly valuable physical goods (real estate, $217 trillion globally), while the crypto markt is in its infancy and can be heavily manipulated. Again, I am not saying that projects like these shouldn't be started, but I am quite sure that the default rate will be quite high or the required collateral be too high in order for others to deem it proper. When Bitcoin was at $20,000, there was only very few people saying that they believe it'll go down by almost 75%. I didn't believe BTC would go down that much at all. If this platform had been operational, what do you think how many people might have defaulted?

Providing loans and avoiding market risks like fire sales and procyclicality will be much harder to do in the globally accessible and permissionless crypto world than in the currently somewhat restricted and regulated banking world. And from a dynamic standpoint, the banking world is so much slower but the financial crisis in 2008 demonstrated how quickly things can develop negatively regardless.

AleXcreig

jr. member

Activity: 313

Merit: 1

Quote from: MikePerry on February 12, 2018, 04:34:41 PM

It will be a fun situation - you show not your money under the guise of your own and then you give them away.

In fact, nothing funny since it's your real money. If you show the crypto currency, then not everyone will be able to correctly assess it.

KateMoss

member

Activity: 320

Merit: 10

Quote from: Whitethoughts on February 12, 2018, 06:24:05 PM

Quote from: bitok50 on February 12, 2018, 05:32:59 PM

Recently, the crypto currency market has lost 300 billion dollars of capitalization. If the platform were already operating now, how would it survive such severe disasters? I would like to know the opinion of the developers. And if we just sell the collateral when the price approaches the critical indicators? I am excited to see a platform getting it right.

When the whole market falls, then any enterprise risks being in an unpleasant situation. Remember the last stock crisis. These are global problems and they affect everyone.

This is absolutely true. Maybe the developers still have to provide protection from the apocalypse? The risks of force majeure are everywhere, but no need to exaggerate them.

Whitethoughts

member

Activity: 336

Merit: 10

Revolutionising Marketing and Loyalty

Quote from: bitok50 on February 12, 2018, 05:32:59 PM

Recently, the crypto currency market has lost 300 billion dollars of capitalization. If the platform were already operating now, how would it survive such severe disasters? I would like to know the opinion of the developers. And if we just sell the collateral when the price approaches the critical indicators? I am excited to see a platform getting it right.

When the whole market falls, then any enterprise risks being in an unpleasant situation. Remember the last stock crisis. These are global problems and they affect everyone.

Pay4youractivity

member

Activity: 336

Merit: 10

Quote from: bitok50 on February 12, 2018, 05:32:59 PM

Recently, the crypto currency market has lost 300 billion dollars of capitalization. If the platform were already operating now, how would it survive such severe disasters? I would like to know the opinion of the developers. And if we just sell the collateral when the price approaches the critical indicators? I am excited to see a platform getting it right.

If the money is properly allocated to different assets, then such events do not affect the overall capitalization of the project. This has already been discussed in this topic.

Holopopstyir

member

Activity: 350

Merit: 11

Quote from: LuckyNicky on February 12, 2018, 04:09:13 PM

Quote from: Holopopstyir on February 10, 2018, 01:59:23 PM

Info from your site "The minimum length of loan or deposit is 1 hour"
Is this option for gambling lovers? I do not know where else you might need a loan for such a short period.

Even the audience of gamblers will be enough for such a service to be in demand.

If they constantly use such a service, yes. They usually have a very large cash turnover.

bitok50

full member

Activity: 196

Merit: 100

Recently, the crypto currency market has lost 300 billion dollars of capitalization. If the platform were already operating now, how would it survive such severe disasters? I would like to know the opinion of the developers. And if we just sell the collateral when the price approaches the critical indicators? I am excited to see a platform getting it right.

LightFork

member

Activity: 364

Merit: 10

Quote from: LuckyNicky on February 12, 2018, 04:09:13 PM

Quote from: Holopopstyir on February 10, 2018, 01:59:23 PM

Info from your site "The minimum length of loan or deposit is 1 hour"
Is this option for gambling lovers? I do not know where else you might need a loan for such a short period.

Even the audience of gamblers will be enough for such a service to be in demand.

I agree. This category of people spends huge amounts of money on their passion. If project can make money on them, then this will be a huge plus for the project.

MikePerry

member

Activity: 294

Merit: 10

Quote from: CanvinGale on February 11, 2018, 04:30:40 AM

Quote from: Holopopstyir on February 10, 2018, 01:59:23 PM

Info from your site "The minimum length of loan or deposit is 1 hour"
Is this option for gambling lovers? I do not know where else you might need a loan for such a short period.

Some services require confirmation of solvency by presenting an account with money. Perhaps such a service will be in demand in this area.

It will be a fun situation - you show not your money under the guise of your own and then you give them away.

AleXcreig

jr. member

Activity: 313

Merit: 1

Quote from: mv1986 on February 10, 2018, 08:35:42 PM

Quote from: Holopopstyir on February 06, 2018, 02:10:28 PM

Do you think that there are people who, in order to pick up somebody's mortgages, can bring down the whole market? Sounds unbelievable and illogical.

Are you seriously comparing the mortgage market to the crypto market? We have seen real flash crashes, for example with Ethereum on GDAX. It is still a possibility whereas in the mortgage market it isn't.

What are the fundamental differences between the collateral market in fiat and the collateral market in the crypt?

LuckyNicky

member

Activity: 252

Merit: 10

Quote from: Holopopstyir on February 10, 2018, 01:59:23 PM

Info from your site "The minimum length of loan or deposit is 1 hour"
Is this option for gambling lovers? I do not know where else you might need a loan for such a short period.

Even the audience of gamblers will be enough for such a service to be in demand.

CanvinGale

member

Activity: 224

Merit: 10

Quote from: MikePerry on February 10, 2018, 07:45:55 AM

Quote from: CanvinGale on February 10, 2018, 06:55:01 AM

I wonder how they attract the attention of top-level advisers. My friends conduct ICO, they can not contact any of the advisers.

Top-advisers are constantly busy and they do not have time to process requests.

It turns out that access to them can be obtained only through friends or through organizations with which they already work.

KateMoss

member

Activity: 320

Merit: 10

Quote from: mv1986 on February 10, 2018, 08:35:42 PM

Quote from: Holopopstyir on February 06, 2018, 02:10:28 PM

Do you think that there are people who, in order to pick up somebody's mortgages, can bring down the whole market? Sounds unbelievable and illogical.

Are you seriously comparing the mortgage market to the crypto market? We have seen real flash crashes, for example with Ethereum on GDAX. It is still a possibility whereas in the mortgage market it isn't.

I do not know this story. It turns out that the price of ETH on this exchange was very different from the price on other exchanges?

CanvinGale

member

Activity: 224

Merit: 10

Quote from: Holopopstyir on February 10, 2018, 01:59:23 PM

Info from your site "The minimum length of loan or deposit is 1 hour"
Is this option for gambling lovers? I do not know where else you might need a loan for such a short period.

Some services require confirmation of solvency by presenting an account with money. Perhaps such a service will be in demand in this area.

mv1986

legendary

Activity: 2058

Merit: 1166

Quote from: Holopopstyir on February 06, 2018, 02:10:28 PM

Quote from: mv1986 on February 06, 2018, 11:53:12 AM

Quote from: Whitethoughts on February 06, 2018, 10:55:17 AM

You can immediately deposit excess collateral if there is such an opportunity. This is a bit not logical, but if you wait for the growth of the asset that you give as a security, then this is the right decision.

This is an interesting point that CanvinGale brought up: what happens if their is a flash crash in a market that involves one of my loans? Does it simply get wiped out? Wouldn't that open the doors to massive manipulation?

Do you think that there are people who, in order to pick up somebody's mortgages, can bring down the whole market? Sounds unbelievable and illogical.

Are you seriously comparing the mortgage market to the crypto market? We have seen real flash crashes, for example with Ethereum on GDAX. It is still a possibility whereas in the mortgage market it isn't.

Whitethoughts

member

Activity: 336

Merit: 10

Revolutionising Marketing and Loyalty

Quote from: Zeppelins on February 10, 2018, 06:32:16 AM

Of course. Moreover, as a rule, consultants have their own base of investors, which they have cooperated with for a long time.

I think if you are an adviser to several successful projects, then after they are completed, the money should be enough to implement their own projects. I wonder why not all the advisers think in this direction.

Holopopstyir

member

Activity: 350

Merit: 11

Info from your site "The minimum length of loan or deposit is 1 hour"
Is this option for gambling lovers? I do not know where else you might need a loan for such a short period.

Pay4youractivity

member

Activity: 336

Merit: 10

Quote from: LightFork on February 10, 2018, 09:36:04 AM

Quote from: Pay4youractivity on February 09, 2018, 06:44:12 AM

Quote from: LightFork on February 08, 2018, 11:32:55 AM

At the moment, this is so. But over time, the situation with the stable coin can clear up and it will be 100% reliable in any conditions as it was originally intended.

I doubt it. Fiat and crypto currency are antagonists. There can not be any simplification of the situation. Always when dealing in the direction Fiat - Crypt there will be some specific problems.

Now I also do not see how to solve this problem arising at the junction of Fiat - the crypto currency. Perhaps in the future there will be some other options.

Perhaps the solution is the multilateral hedging of all currency pairs. Which allows you to open and close new positions as needed, but I do not imagine what huge reserves such a hedging will require.

LightFork

member

Activity: 364

Merit: 10

Quote from: Pay4youractivity on February 09, 2018, 06:44:12 AM

Quote from: LightFork on February 08, 2018, 11:32:55 AM

At the moment, this is so. But over time, the situation with the stable coin can clear up and it will be 100% reliable in any conditions as it was originally intended.

I doubt it. Fiat and crypto currency are antagonists. There can not be any simplification of the situation. Always when dealing in the direction Fiat - Crypt there will be some specific problems.

Now I also do not see how to solve this problem arising at the junction of Fiat - the crypto currency. Perhaps in the future there will be some other options.

Topic: [ANN][PREICO] 🚀 🅱onum - Global backed loans and deposits on blockchain 🚀 - page 22. (Read 14341 times)