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# šŸ—£ā”‚general
  • not that I think it's a good thing :)
    t

    thecolj

    04/12/2023, 5:06 PM
    not that I think it's a good thing :)
  • I mean, if you have a disclaimer "this is a ponzi scheme buy in at your own risk" then I suppose it's buyer beware
    b

    babygrenade

    04/12/2023, 5:07 PM
    I mean, if you have a disclaimer "this is a ponzi scheme buy in at your own risk" then I suppose it's buyer beware
  • Again, Dan, just make it. If you want to make it, make it. Don’t waste time in here debating with everyone. If you build it and it works for what you want and ends up being fair and not ruining people’s lives then you’ll get the recognition. It’s going to be that way. You can spend hours arguing in here. If your passionate and really mean we’ll go for it.
    t

    thecolj

    04/12/2023, 5:07 PM
    Again, Dan, just make it. If you want to make it, make it. Don’t waste time in here debating with everyone. If you build it and it works for what you want and ends up being fair and not ruining people’s lives then you’ll get the recognition. It’s going to be that way. You can spend hours arguing in here. If your passionate and really mean we’ll go for it.
  • Well, I'm just curious what this does differently than Wooden Nickels, besides ask other people to fund it.
    c

    cafebedouin

    04/12/2023, 5:07 PM
    Well, I'm just curious what this does differently than Wooden Nickels, besides ask other people to fund it.
  • of course you can do degenerate things on ergo but i just dont think its worth promoting, will harm reputation if / when people rug. and also degen finance is really a bull market activity, during bear market it could have extremely detrimental effect to native coin price.
    d

    dΣathgripson

    04/12/2023, 5:07 PM
    of course you can do degenerate things on ergo but i just dont think its worth promoting, will harm reputation if / when people rug. and also degen finance is really a bull market activity, during bear market it could have extremely detrimental effect to native coin price.
  • (re : *<cafebedouin> These are standard vetting kinds...*) The purpose of this project is to develop a fully decentralized certificate of deposit (CD) on Ergo. A certificate of deposit is a financial instrument that allows a player to earn yield on fixed time deposits. A CD is useful because it is considered a low risk investment due to knowing the yield and time of maturity.
    t

    thecolj

    04/12/2023, 5:07 PM
    (re : These are standard vetting kinds...) The purpose of this project is to develop a fully decentralized certificate of deposit (CD) on Ergo. A certificate of deposit is a financial instrument that allows a player to earn yield on fixed time deposits. A CD is useful because it is considered a low risk investment due to knowing the yield and time of maturity.
  • I suppose the risk is a buyer brings in other buyers without the disclaimer being offered
    b

    babygrenade

    04/12/2023, 5:07 PM
    I suppose the risk is a buyer brings in other buyers without the disclaimer being offered
  • (re @Dan / įžŠįŸįž“įž‰įŸ‰įž¼ : *The purpose of this project is to develop a fu...*)
    t

    thecolj

    04/12/2023, 5:08 PM
    (re @Dan / įžŠįŸįž“įž‰įŸ‰įž¼ : The purpose of this project is to develop a fu...)
  • t

    thecolj

    04/12/2023, 5:08 PM
    https://cdn.discordapp.com/attachments/668903786902847502/1095757298040836266/vinyl-records-record-collection.mp4
  • (re @Dan / įžŠįŸįž“įž‰įŸ‰įž¼ : *The purpose of this project is to develop a fu...*) Dont call it a cd
    t

    thecolj

    04/12/2023, 5:08 PM
    (re @Dan / įžŠįŸįž“įž‰įŸ‰įž¼ : The purpose of this project is to develop a fu...) Dont call it a cd
  • its not
    t

    thecolj

    04/12/2023, 5:08 PM
    its not
  • It's definitely not a CD
    b

    babygrenade

    04/12/2023, 5:08 PM
    It's definitely not a CD
  • it's a money gama aka a ponzi, just call it what it is and we can move on
    t

    thecolj

    04/12/2023, 5:08 PM
    it's a money gama aka a ponzi, just call it what it is and we can move on
  • yea its akin to an IOU i think
    d

    dΣathgripson

    04/12/2023, 5:08 PM
    yea its akin to an IOU i think
  • build it and people will use it
    t

    thecolj

    04/12/2023, 5:08 PM
    build it and people will use it
  • nobody cares what it is if we consider it to be degen finance
    t

    thecolj

    04/12/2023, 5:09 PM
    nobody cares what it is if we consider it to be degen finance
  • so why discuss it
    t

    thecolj

    04/12/2023, 5:09 PM
    so why discuss it
  • (re : *<cafebedouin> You only seem to understand the ...*) The yield is super low on a CD and generally you make more money with a total stock market ETF.
    t

    thecolj

    04/12/2023, 5:09 PM
    (re : You only seem to understand the ...) The yield is super low on a CD and generally you make more money with a total stock market ETF.
  • How is the return on the CD funded?
    c

    cafebedouin

    04/12/2023, 5:09 PM
    How is the return on the CD funded?
  • (re : *<cafebedouin> How is the return on the CD fund...*) Arbitrary inflation percentage. Could be set to 4.55% if that makes people comfortable.
    t

    thecolj

    04/12/2023, 5:10 PM
    (re : How is the return on the CD fund...) Arbitrary inflation percentage. Could be set to 4.55% if that makes people comfortable.
  • Make whatever you want just dont obfuscate what it is
    t

    thecolj

    04/12/2023, 5:10 PM
    Make whatever you want just dont obfuscate what it is
  • Its a ponzi not a cd
    t

    thecolj

    04/12/2023, 5:10 PM
    Its a ponzi not a cd
  • CDs make money by lending out the underlying asset. I suppose you could formulate a version of this that would work like a futures market, but this is not what we are talking about at the moment.
    c

    cafebedouin

    04/12/2023, 5:11 PM
    CDs make money by lending out the underlying asset. I suppose you could formulate a version of this that would work like a futures market, but this is not what we are talking about at the moment.
  • (re : *<cafebedouin> CDs make money by lending out th...*) It does have a figures market. That's one of the 2 improvements I've made from the current version of this on Ethereum.
    t

    thecolj

    04/12/2023, 5:12 PM
    (re : CDs make money by lending out th...) It does have a figures market. That's one of the 2 improvements I've made from the current version of this on Ethereum.
  • Well, I'll be interested in what you come up with. Probably need to tighten down your white paper if you want Marty involved to launch the token.
    c

    cafebedouin

    04/12/2023, 5:14 PM
    Well, I'll be interested in what you come up with. Probably need to tighten down your white paper if you want Marty involved to launch the token.
  • (re : *<cafebedouin> Well, I'll be interested in what...*) Okay. Will do. Anyone have a .docx file of the Bitcoin whitepaper?
    t

    thecolj

    04/12/2023, 5:16 PM
    (re : Well, I'll be interested in what...) Okay. Will do. Anyone have a .docx file of the Bitcoin whitepaper?
  • Check your Mac šŸ˜‚
    t

    thecolj

    04/12/2023, 5:24 PM
    Check your Mac šŸ˜‚
  • Hello team, I'm a Listing Agent from BKEX. I would like to discuss about potential cooperation with BKEX. Who's the right person to talk?
    t

    thecolj

    04/12/2023, 5:39 PM
    Hello team, I'm a Listing Agent from BKEX. I would like to discuss about potential cooperation with BKEX. Who's the right person to talk?
  • .team
    t

    thecolj

    04/12/2023, 5:39 PM
    .team
  • .admin
    t

    thecolj

    04/12/2023, 5:39 PM
    .admin
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