XOV: creating a central bank for cryptocurrency markets - page 5.

Magneto151

jr. member

Activity: 44

Merit: 1

It's an ocean of meaning and a wide jungle

Quote from: xov on February 26, 2018, 07:47:09 AM

XOV has arrived on bitcointalk.
https://www.xovercoin.com

Please support the XOV project. XOV is creating a crypto-central banking infrastructure to stabilise the crypto markets. We have support from Emin Gun Sirer.

There will be a seed funding round.

We will contribute more later.

XOV Project Team

I just think the intention of this project is to create controversy thereby trending and gaining popularity as it is doing already here on Bitcointalk forum.

Why would I want a centralized system in this revolutionary world of decentralization? I mean why should I really trust the XOV team claiming it has surrounded itself with academia of Gurus and economists who are the same set of people running down our world and plunging us into global debt and lack of trust. Infact, we don't want any system built on trust.

The world has shifted to a trustless decentralized system, the earlier projects like XOV realize, the better for it.

memFISTO

member

Activity: 322

Merit: 10

Many people would like to see a massive acceptance of crypto in the world. To achieve this result, companies need to know about future regulatory issues to work on compliance with the rules for their survival and development.

Dancing_Lion

member

Activity: 308

Merit: 10

It's always nice to see new ideas and developments in the blockchain. But I have big doubts that people will love another centralized project. Here you need to analyze the opinions and priorities of investors themselves.

belcini

member

Activity: 462

Merit: 10

Personally, I'm sure that the Central Bank is not needed for crypto. This is corny does not correspond to the principle of crypto. After all, in this case, we lose the main idea of the crypto market.

jedlhuber

newbie

Activity: 44

Merit: 0

Quote from: ?? on ??

I should change my mind on the XOV,
Our project team will be uploaded this week. Demelza Hays is part of the research team. Some people have asked what the difference is between XRP and XOV

This is mainly my opinion, but I see XRP more of a payment system within the established banking world. XOV is putting forth a decentralized bank, allowing customers (normal people like me and you) the opportunity to deposit savings, lend, loan, and spend their OWN money. Unlike a normal bank, your funds stay within your wallet the entire time. And yes, having folks like Demelza and Dr. K are great steps forward into bringing academics to market.

hoanglong2056

newbie

Activity: 8

Merit: 0

Good project I interested your project.

blissben930

newbie

Activity: 88

Merit: 0

The project sounds to be an interesting and something which is little unusual where community can enjoy and at the same time earn some money. the website seems to be simple yet meaningful.Hopefully this will be awesome project and the team will finds its success without any doubt.

coterechard

newbie

Activity: 13

Merit: 0

Excellent!! Good project

lalatao79

newbie

Activity: 42

Merit: 0

The XOV project is creating a crypto-central banking infrastructure to stabilize the crypto markets which quite interesting and support it.

susutao89

newbie

Activity: 29

Merit: 0

Central bank gives ownership to a particular bank and it will increase documentation process. Few people want to be anonymous in crypto world and few countries also may not like this concept.

thuyhang236ss

newbie

Activity: 9

Merit: 0

So, You're saying that we need to support a centralized crypto?
I think many investors in the concurrency society will not agree with this because as we all know, We love bitcoin the way it is.

jedlhuber

newbie

Activity: 44

Merit: 0

Quote from: TremorPB on May 14, 2018, 08:22:55 AM

The difference between this product and xrp would be the stability in value of the token itself. Xrp has been a useful tool for banks but the price has been far from stable.

We agree! One of the perks of having a full-scale research panel is being able to look around and see what projects currently have to offer, but also to be able to look into the future and see where they will fail. The research team meets tomorrow for further discussions.

TremorPB

newbie

Activity: 44

Merit: 0

The difference between this product and xrp would be the stability in value of the token itself. Xrp has been a useful tool for banks but the price has been far from stable.

minhhuyenpham261

newbie

Activity: 43

Merit: 0

If you do manage to create such a Bank, think about the world's giants who will knead it for themselves as long as they do not capture it or completely destroy it.

bbinhtrong216

newbie

Activity: 14

Merit: 0

I think its going to be big big project you all are liars,see the cocept of project then decide.

Sudhir519

newbie

Activity: 4

Merit: 0

good initiative very demanding and highly authenticated idea.

alice.smith38

newbie

Activity: 98

Merit: 0

This is just the beginning of the road, I want to wish good luck to this new project , the project came up with an interesting and necessary, technical documentation at a high level ,written in accessible language

altcoiner

full member

Activity: 351

Merit: 100

Good news and interesting to always follow and disseminate. The framework for positive thinking of crypto experts to create a common balance and sustainability between the public market and cryptocurenci. Go ahead and let's make it happen together

BountyX

full member

Activity: 352

Merit: 100

Quote from: jedlhuber on May 04, 2018, 09:21:27 AM

Quote from: BountyX on May 03, 2018, 04:28:52 PM

Quote from: jedlhuber on April 28, 2018, 06:27:15 AM

Quote from: BountyX on April 26, 2018, 11:49:13 AM

Centralizing cryptocurrencies is an oxymoron - they have been created exactly so that money stops being centralized. Such a project seems to go in the wrong direction of history.

It's a decentralized bank, not centralized. I do agree it seems like an oxymoron with what we're trying to communicate but we will be attempting to control the volatility of the currency, thus functioning like a central bank in that regard alone. I think people hear the word 'bank' and they freak out, but at the end of the day, people will still need a place to store their funds and provide financial services.

People will still need a place to store their funds provided that this place is trustless. I have already had my coins stolen in 4 different exchanges over the years, which at the time looked safe. But they were not trustless. That's the problem. Will your system be trustless?

Our bank/project is currently being backed by leading economists from the London School of Economics, The Imperial College, and the University of Liechtenstein. The goal is to be the most TRUSTED place to store your funds through redundant protocols and legal paperwork upfront.

Good luck with that, but I thought the whole cryptocurrency concept was born exactly as a reaction to the 2008 banking crises which had proved that even the more trusted institution s will eventually throw you in big shit. Thus the need of trustless mechanisms.

Maheshcrypto

newbie

Activity: 125

Merit: 0

So, You're saying that we need to support a centralized crypto?
I think many investors in the cryptocurrency society will not agree with this because as we all know, We love bitcoin the way it is. (Decentralized) If a project try to centralize this, I think Bitcoin will not be the same bitcoin as we all l

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