Bitcoin-based Tradeable Assets Used To Eliminate "Too Big To Fail" in Banks

Reggie Middleton

full member

Activity: 136

Merit: 100

UltraCoin "Smart" Derivatives: The Future of Money

Quote from: chennan on March 17, 2015, 02:12:24 AM

Quote from: NUFCrichard on March 16, 2015, 03:04:10 PM

Quote from: Reggie Middleton on March 16, 2015, 02:49:35 PM

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

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! Grin

Reggie Middleton

full member

Activity: 136

Merit: 100

UltraCoin "Smart" Derivatives: The Future of Money

Quote from: H.W.Z on March 17, 2015, 02:07:26 AM

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.

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: NUFCrichard on March 16, 2015, 03:04:10 PM

Quote from: Reggie Middleton on March 16, 2015, 02:49:35 PM

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

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.

H.W.Z

hero member

Activity: 574

Merit: 500

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.

Reggie Middleton

full member

Activity: 136

Merit: 100

UltraCoin "Smart" Derivatives: The Future of Money

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.

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Quote from: Reggie Middleton on March 16, 2015, 02:49:35 PM

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

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.

Reggie Middleton

full member

Activity: 136

Merit: 100

UltraCoin "Smart" Derivatives: The Future of Money

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

Topic: Bitcoin-based Tradeable Assets Used To Eliminate "Too Big To Fail" in Banks (Read 857 times)