Topic description is 100% plagiarized off Haven Protocol, their GitHub is brand new, less than six hours old.
Account posting the ANN might as well be compromised, please delete the thread!
Fake DEPRICON thread and GitHub:
https://bitcointalksearch.org/topic/--5249931
https:_//github.com/Depricon/
http://archive.md/u005F
Plagiarism:
Point of sales systems where goods can be bought with Haven and shop keepers can immediately lock the fiat value in to protect from price fluctuations. This has the added benefit of keeping the shopkeepers business and income completely hidden on the blockchain as his wallet address nor amounts are revealed.
Storing large amount of money outside of the traditional banking system. Privacy focused cryptos are perfect for this but without a reliable way to maintain value through fluctuations the process of holding could be costly. Sending Haven offshore quite literally, makes money disappear until you want it back at which point the value remains intact.
In order for cryptocurrencies to be accepted into the mainstream, there must be a way to abstract the exchange risk associated with holding the currency relative to fiat. Once Haven is supported in point of sales systems and this process becomes automated, adoption will increase rapidly.
Offshore Storage contracts will be implemented once the network reaches a mature stage with enough exchange support to allow redundancy and accuracy of prices. The current focus is on growth, stability, privacy and usability for everyday transactions with an easy to use mobile wallet app that anyone can use without prior knowledge of crypto.
Storing large amount of money outside of the traditional banking system. Privacy focused cryptos are perfect for this but without a reliable way to maintain value through fluctuations the process of holding could be costly. Sending Haven offshore quite literally, makes money disappear until you want it back at which point the value remains intact.
In order for cryptocurrencies to be accepted into the mainstream, there must be a way to abstract the exchange risk associated with holding the currency relative to fiat. Once Haven is supported in point of sales systems and this process becomes automated, adoption will increase rapidly.
Offshore Storage contracts will be implemented once the network reaches a mature stage with enough exchange support to allow redundancy and accuracy of prices. The current focus is on growth, stability, privacy and usability for everyday transactions with an easy to use mobile wallet app that anyone can use without prior knowledge of crypto.
