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Short story is I'm buying more BTS. Borrowing bitUSD, and then buying bitGold, or whatever this digital gold backed asset is called that is legal tender in Utah.... and probably soon to be legal in Texas, and Alabama.
The Quint
Great name!
~ @bluerocktalk🖖
And the QuintS (silver backed).
We just finished the whitepaper - and it is beautiful.
Nice!
~ @bluerocktalk🖖
Long Live The Quint!
Agreed!
~ @bluerocktalk🖖
More excited about quint and quintS than anything right now. Love your show, thank you for having Stan on. And cheers to the Bluegrass State, the western Garden of Eden. :)
@stan how does a precious metal backed digital asset work ? if the gold or silver is stored somewhere doesnt that make it centralised ? grace and peace brother !
Yes. All asset backed currencies are centralized and depend on the reputation and integrity of the backer. But they can still be very useful to own and trade. You can always use bitUSD or the HERO if you want complete decentralization, but until there are enough of them to go around - there is high-reputation gold depositories backing the Quint.
thanks for the reply @stan i think what you are trying to do on bitshares is great and having something other than BTC (and more stable) to peg to, is the way to go ! I like the idea of a gold backed crypto ! Here's a random thought if the gold backed crypto becomes a success and people stopping relying on BTC, the banksters will need to find a new trick to manipuate the crypto market ! Maybe in an effort to do this, the banksters will stop manipulating silver/Gold (since many stackers have capitulated and sold out for crypto) so that in their eyes, the volatility will move to this new coin and people return to BTC. The flip side to this of course would be if PM manipulation stopped, all the preppers and stackers would finally see a huge spike in the value of their physical precious metals ! grace and peace
I dont see the propblem in beeing centralized when it is backed by Gold IF you can go there give them a quint and get x amount of gold physically that in the end is the least centralized most privat asset ever. Think about it. You have gold at home nobody knows what you do with it
Where can I buy Quint? Quints...
Thanks for the upvote @smiller
~ @bluerocktalk🖖
Top Cryptocurrencies Pending Price Target and their due dates//
https://steemit.com/cryptocurrencies/@salahuddin2004/top-cryptocurrencies-pending-price-target-and-their-due-dates
A blast from the past. @stan @Michaelx
Thanks for supporting my shows @konelectric
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~ @bluerocktalk🖖
This should be good. If am off to bed shortly this will be perfect to help me dream about the future :)
sweet dreams @tonypeacock 😴
~ @bluerocktalk🖖
@originalworks
~bluerocktalk🖖
The @OriginalWorks bot has determined this post by @bluerocktalk to be original material and upvoted it!
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Awesome keep posting. Bitshares is an amazing platform to invest in.
Will do @draffanahmed
~ @bluerocktalk🖖
Shoot.. I missed it. Would have loved to ask him a couple of questions. Hey Connie, see if you can get an interview with Kiril Ravensong. I think Stan might know him. He is very knowledgeable in bitshares and the cryptoworld. .
Hired by @stan!
~ @bluerocktalk🖖
Smart dude.
Great stuff, But i believe this is just a correction in the market. A possible new all time high is just around the corner if you compare this years markets to the beginning of last years markets.
I like the way you think @stefanramjag
~ @bluerocktalk🖖
Always great to hear you two, and whats going on in the crypto universe! Keep up the great work!
Thanks @amos811, more to come!
~ @bluerocktalk🖖
We posted a new nugget awhile ago on Nick Szabo as regards a snafu/contradiction he might have made while trying to deny he's Satoshi Nakamoto. Feel free to read it first, as we think it's very interesting development, but do you have a personal opinion on who Satoshi Nakamoto is?
new nugget uncovered...?
https://steemit.com/bitcoin/@harpooninvestor/did-nick-szabo-solve-nick-szabo-s-biggest-bit-gold-problem
Secondly, what is your opinion on block size for bitcoin and whether Satoshi himself would approve a change to how Bitcoin works given it's been really expensive to send/recieve it since 2016. Do you think Eos solves this problem, and talk about security too as bitcoin's high mining fees DOES add a certain level of security to the system it seems.
Fact is that 4 CEO's control what software gets run on Bitcoin and therefore everything about how it works. Bitcoin is only as secure as what the four of them do. All else is coal smoke and mirrors.
All that fine grain "decentralization" on the left of each pie means nothing. It's all about how many slices of pie it takes to get to 51% control.
Go Bitshares!
~ @bluerocktalk🖖
ok, makes perfect sense, thanks.
However, doesn't answer the question on Eos, how exactly it improves this situation. Isn't Steemit's Steem moving in the direction of centralization, as those large entities able to upvote themselves continue to get larger and larger shares of the reward pool? What is the main thing about Eos that seperates it from bitcoin, in terms of security and privacy and transactions?
Going from 2 to 9 people controlling a crypto isn't really all that inspiring, to us anyway. Juries have hung innocent men on more dispersion than that.
Thanks for participating in the comments, I hope you have also subscribe to make sure you get to be at the next live Q & A @harpooninvestor
https://www.youtube.com/c/BlueRockTalkwithConnieWillis
~ @bluerocktalk🖖
we did subscribe when we read this article, thanks!
Scanned through quickly...didn't hear any talk about Arise Bank...was it discussed? Is it a scam as suggested in some blogs?
no scanning @bobbreedo, enjoy the show. Let it run as you do chores, lol. 😁
more to come, be sure to subscribe!
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~ @bluerocktalk🖖
32:30
Thanks @stan!
~ @bluerocktalk🖖
Thanks...sounds like you want to believe...I bot in a bit...lesson learned...but...love what you are trying to do in all the areas of a decentralized block chain...love the link to gold possibility...
Jared Rice asked the question? Interesting..
huh?
~ @bluerocktalk🖖
You gave attribution to Jared Rice from the question about AriseBank...he’s the CEO