XOV: creating a central bank for cryptocurrency markets - page 9.

Richt23

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Quote from: i40u on April 05, 2018, 06:33:53 AM

Quote from: lhfly2019 on March 07, 2018, 08:56:03 PM

Maybe I should change my mind on the XOV.
I have got some news from the Washiton Blockchain Conference.
Some big fellows has post the same opinion about the private central bank.
Maybe that's a real chance!
Keep focusing!

Whats the news are you talking about? Let us know more info, not just an announce like you did it. Will we see concurrent with Ripple coin or not?

Looked into it myself at the time... Beleive he was referring to Jihan Wu (Bitmain) stating their intent to invest in crypto central banks.

Richt23

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Quote from: wishere jean on April 05, 2018, 11:52:34 AM

The idea of creating such a bank is certainly good. But I still do not understand what will be the material benefit of the existence of this bank, if people will allow the bank to block their digital coins in their wallet. not transferring them to the bank for operational management, and the bank will charge interest both on the deposit

Not quite sure i follow but i'll take a crack at it

the bank will not control your coins, they are yours. The material benefit would be having a safe place to store your earnings and a cryptocurrency which is suitable for mass adoption. Not sure where you are based but in the U.S the fees associated with getting your fiat into and out of the market are quite high on both ends. A currency suitable for mass adoption would allow you to spend the money you have in the market while avoiding these fees. Hope i helped

Richt23

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Quote from: ?? on ??

Quote from: wishere jean on April 05, 2018, 11:52:34 AM

The idea of creating such a bank is certainly good. But I still do not understand what will be the material benefit of the existence of this bank, if people will allow the bank to block their digital coins in their wallet. not transferring them to the bank for operational management, and the bank will charge interest both on the deposit

It's not a good idea. Banks will target you also if the project is in an area where the Government doesn't want it then they will target it as well.

The project is based in London which is very fintech friendly so location should not be an issue. We are proud to be actively engaged with the Bank of England as a member of their fintech hub.

Richt23

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Quote from: Nastinmel on April 05, 2018, 05:32:37 PM

Quote from: xov on February 26, 2018, 08:47:09 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

The problem is that the very concept of the central bank for the crypt kills one of their main ideologies, namely decentralization. I don't think that's a good idea.

The currency would still operate using a decentralized ledger

Nastinmel

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Quote from: xov on February 26, 2018, 08:47:09 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

The problem is that the very concept of the central bank for the crypt kills one of their main ideologies, namely decentralization. I don't think that's a good idea.

wishere jean

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The idea of creating such a bank is certainly good. But I still do not understand what will be the material benefit of the existence of this bank, if people will allow the bank to block their digital coins in their wallet. not transferring them to the bank for operational management, and the bank will charge interest both on the deposit

anhhasd51

newbie

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Hello everyone, some interesting comments

i40u

jr. member

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Quote from: lhfly2019 on March 07, 2018, 08:56:03 PM

Maybe I should change my mind on the XOV.
I have got some news from the Washiton Blockchain Conference.
Some big fellows has post the same opinion about the private central bank.
Maybe that's a real chance!
Keep focusing!

Whats the news are you talking about? Let us know more info, not just an announce like you did it. Will we see concurrent with Ripple coin or not?

percopolis

member

Activity: 186

Merit: 10

Personally I dont will support anything like that type, you know that we're already have Ripple for something that connected with banks..

saini123123

newbie

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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

Richt23

newbie

Activity: 19

Merit: 0

Quote from: InfiniteGrim on April 04, 2018, 01:43:34 AM

this centralization also does some bad effects like it's maybe predictable and by it it's hard to trade or have investments on that

The company is seeking exchange listings which would make it readily available to trade as any other crypto. Investments will be looked at differently than with traditional more volatile crypto currencies. The main positive is the assurance the price will remain steady and be asset backed. This will provide merchants with the security of knowing the currency they are accepting will hold it's value. This in my eyes is a necessary step to realizing mass adoption of cryto as a spendable currency.

InfiniteGrim

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this centralization also does some bad effects like it's maybe predictable and by it it's hard to trade or have investments on that

Altcner

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Xoc has a very big future in the filed of central bank of crypto currency, I think this project is a long term project, what I like the most is the people around it, the community and especially the people behind this project, I am proud to say that I've been part of this community and I can see myself as an Investor in this project, all the way to support for the coming years to come

Richt23

newbie

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Quote from: AssemblY on April 02, 2018, 07:35:50 AM

I do not even want to follow the link. Any centralization violates the fundamental principles of Crypto-currency

We are not looking to centralize crypto and we appreciate your concerns. The central banking aspect comes from our effots to apply stabilizing controls to our currency in the same way Central Banks do. We will be using a decentrailized ledger as with any other crypto and you will always be in full control of your coins. This is the biggest complaint the company has seen and we look forward to clearing it up for all concerned

. Thank you for the comment and as always feel free to critique! Criticism is necessary for growth.

Richt23

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We are thrilled to announce the addition of Dr.Andrei Kirilenko to our team. Dr.Kirilenko has quite the extensive background in finance and has worked with the International Monetary Fund in addition to having served as Chief Economist of the U.S. Commodity Futures Trading Commission prior to entering academia. He is currently Director of the Centre for Global Finance and Technology at the Imperial College Business School.We are looking forward to working closely with Dr. Kirilenko to develop the economic model necessary to bring forth stability and move digital currency towards mass adoption.

phungxuantu

newbie

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Looks like a very interesting project. Creating a crypto bank it a little "suspicios" as crypto pretty much is trying to stay away from banks.

manoj1605

member

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Yes of course there is a need of a stable crypto currency that could take place the mainstream and replace the fiat currencies. In fact there is lots of space in financial market, if a good team will work keeping this in mind seriously, than success is obvious.

Thanks

airdrop1

newbie

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attractive and worthy agenda in wealth making.. it will go to moon

AssemblY

full member

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I do not even want to follow the link. Any centralization violates the fundamental principles of Crypto-currency

sohaillhr

newbie

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that is good project,I forecats a success and you have my total support

Topic: XOV: creating a central bank for cryptocurrency markets - page 9. (Read 68743 times)