Olivia
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ninecomma ლ(❛◡❛ლ)
@ninecomma
Joined October 2018
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Ravencoin
No founder reward
No set aside
No staking
No fundraise
No treasury
No corporate structure
No officers or directors
No premine
No token sale
No ICO
No venture capital equity
No official foundation
Just code, given away freely and built on by a community.
Bitcoin 1.0 = Bitcoin
Bitcoin 2.0 = Ethereum
Bitcoin 3.0 = Ravencoin
Caw! Caw!
@SweatEconomy @bitvavocom I am a user who still uses the app before and after the coin came out. I always support the SWEAT project.
Welcome to the Evrmore blockchain: Simplifying crypto for everyone! No tech skills needed. Create and swap assets with a click. Thanks to the Bitcoin Lightning Network, enjoy fast DeFi swaps for BTC without the complexity. Ready for blockchain made easy? Follow to discover more
@TemuFund 0x64FDd246A0446cfA70628bB1Cd4E809dFDCDe6F3
@RavencoinAssets RPoPtGDFs63p4GQNSijDurystwDsymvXxe
@brucefenton RPoPtGDFs63p4GQNSijDurystwDsymvXxe
There are certain features that may be needed for tokenizing securities in certain jurisdictions (like the US). #Ravencoin added capabilities in 2019 called Restricted Assets which gives the issuer a few super-powers.
These super-powers are very much antithetical to what you would want in a cryptocurrency like #Bitcoin, but the powers allow compliance in a highly regulated space.
One example would be for lost keys which can be handled by publicly documenting the loss on-chain, freezing the security, and re-issuing. You'd never want that for sovereign money, but it works well for regulated securities. Restricted Assets add transparency, speed-of-settlement, public documentation, counterfeit-proofness, and tamper-evidence while also giving the ultimate redeemer of the tokens (issuer) some power in the unfortunate event of theft, or loss.
Note: #Ravencoin also allows creation of assets that have none of the super-powers and act just like you'd expect a self-sovereign token to act.
All with a user interface that an 8 year-old can use.
As the tokenization of real world assets #RWA ramps up....
It is time to take a look at #Ravencoin, the platform that was custom built for RWA.
It has guaranteed non-duplicated names (DNS-like registry) which is good for fraud prevention and protected brand building.
It has an optional compliance layer with tags and Restricted Assets to contain your assets to only addresses tagged by you, or by a compliance partner.
It has guaranteed non-mutable meta-data so the token (asset) is self-described in any format (PDF, text, movie, folder of files, etc.)
If you haven't heard of $RVN, it is because it isn't a company with a marketing department. It is an open-source project that was gifted to the world on the 9th birthday of #Bitcoin. It was released for free, and all $RVN are mined into existence with proof-of work.
This gift to the word was the combined effort of #Overstock (formerly $OSTK), @medici_ventures, @BruceFenton, @PatrickByrne, two separate teams of very talented developers, and a large community of very passionate community members that continue to support the project today through mining, social media, layer 2 projects.
The ecosystem continues grow and adapt.
For #RWA (real-world asset) tokenization, there is no better platform - ANYWHERE.
Start at https://t.co/0kpSIGevkE, or https://t.co/R5hrYk9aX8.
I just published
Ravencoin — Exploring Real-World Applications of Ravencoin and IPFS
https://t.co/x3LlmsgOtq
Have questions about #Ravencoin? Join the AMA in one hour from now to get your answers.
Find out why I’m not “founder” of Ravencoin and anything else you might be wondering.
Honored to be in the list of 32 Tokenization of Assets Influencers.
PRINT TRILLIONS WHILE HIKING RATES
The Fed now has “high rates” like SF has “low crime rates”. It says it does, but it doesn’t.
Because you have to be pretty naive to think today’s rate hike means the Fed is still “fighting inflation”. You can see it in the graphs — the printing is already vertical[1,2], and trillions in new money is available for both domestic[3,4] and foreign[5] banks. Yet the Fed continues hiking rates to fool low information voters into thinking the last two weeks were just an isolated series of multi-hundred-billion dollar bank failures, and that their policy is unchanged. Nothing to worry about, the Western banking system is resilient, and it’s normal to have banks die at the rate of five in ten days![10]
Because that’s actually all this state does: it fakes the rates.
Remember when SF claimed officially low crime rates[6] even as criminals robbed stores in broad daylight[7]? Remember when FDA prevented labs from testing so we all underestimated the COVID infection rate[8], till old people in New York started dropping dead? And remember when the Fed claimed the inflation rate wouldn't be a problem[9] before anyone buying groceries found out it was an emergency?
The American state fakes the rates.
And that’s what’s happening with today’s “hike”. After killing five of their own banks[10], catalyzing a series of bank runs[11], and realizing the public now knew they’d made hundreds more banks insolvent[12,13], the Fed rolled out programs over the last two weeks that broke the normal relationship between “hiking rates” and “tightening monetary policy”.
All the losses the Fed rate hikes cause for domestic banks?
They’re printing money to cover it.[14]
All the losses they cause for foreign banks?
Printing money to cover that too.[15]
And the losses they cause for depositors?
Naturally, more printed money![16]
So now the banks don’t publicly die from bank runs. Instead, even as this rate hike keeps pushing bank stocks further into the ground[17], and banks further into insolvency[18], the banks know they can just get more printed money (eg at the discount window[19] for BTFP) to cover their losses. That’s what BTFP, the swap lines, and the effective “FedDIC” policy mean: infinite money.
And this infinite money is no longer abstract. It’s printed dollars that individuals touch directly when they wire their money out of banks they fear may collapse, which is happening everywhere from community banks[20] to Credit Suisse[21]. The money printer is now connected directly to your checking account. And in the digital era, the bank runs are of a historical scale.[22]
Remember also: the BTFP, swap lines, and FedDIC measures are *so enormous* that the Fed is doing them over weekends[23] with all the other central banks[24], and publishing multiple joint statements[25,26] assuring people that the “system is resilient”, even as Moody’s has downgraded the US banking system as a whole[27].
One of the things I hate about this system is that it’s evolved to be opaque, like a snake that’s evolved camouflage. If the Fed came outright and *said* they were digitally devaluing the dollar by printing trillions, that they were monetizing the debt as Dalio predicted[31] and even getting bondholders to abet the devaluation, everyone would flee for the Bitcoin exit. So instead they lie, to themselves and to others, just as Jean-Claude Juncker recommended[32]. As with CDOs[33] in 2008, the point is to fool themselves and to fool you.
But you have to see through the camouflage. They’re printing trillions[34,35] even as they’re hiking rates. Indeed, they’re printing trillions to compensate for the *consequences* of hiking rates. There will of course be other consequences to printing trillions. You can wait to find out, or you can get into Bitcoin now.
5 figures and 35 citations follow. 👇
![balajis's tweet photo. PRINT TRILLIONS WHILE HIKING RATES
The Fed now has “high rates” like SF has “low crime rates”. It says it does, but it doesn’t.
Because you have to be pretty naive to think today’s rate hike means the Fed is still “fighting inflation”. You can see it in the graphs — the printing is already vertical[1,2], and trillions in new money is available for both domestic[3,4] and foreign[5] banks. Yet the Fed continues hiking rates to fool low information voters into thinking the last two weeks were just an isolated series of multi-hundred-billion dollar bank failures, and that their policy is unchanged. Nothing to worry about, the Western banking system is resilient, and it’s normal to have banks die at the rate of five in ten days![10]
Because that’s actually all this state does: it fakes the rates.
Remember when SF claimed officially low crime rates[6] even as criminals robbed stores in broad daylight[7]? Remember when FDA prevented labs from testing so we all underestimated the COVID infection rate[8], till old people in New York started dropping dead? And remember when the Fed claimed the inflation rate wouldn't be a problem[9] before anyone buying groceries found out it was an emergency?
The American state fakes the rates.
And that’s what’s happening with today’s “hike”. After killing five of their own banks[10], catalyzing a series of bank runs[11], and realizing the public now knew they’d made hundreds more banks insolvent[12,13], the Fed rolled out programs over the last two weeks that broke the normal relationship between “hiking rates” and “tightening monetary policy”.
All the losses the Fed rate hikes cause for domestic banks?
They’re printing money to cover it.[14]
All the losses they cause for foreign banks?
Printing money to cover that too.[15]
And the losses they cause for depositors?
Naturally, more printed money![16]
So now the banks don’t publicly die from bank runs. Instead, even as this rate hike keeps pushing bank stocks further into the ground[17], and banks further into insolvency[18], the banks know they can just get more printed money (eg at the discount window[19] for BTFP) to cover their losses. That’s what BTFP, the swap lines, and the effective “FedDIC” policy mean: infinite money.
And this infinite money is no longer abstract. It’s printed dollars that individuals touch directly when they wire their money out of banks they fear may collapse, which is happening everywhere from community banks[20] to Credit Suisse[21]. The money printer is now connected directly to your checking account. And in the digital era, the bank runs are of a historical scale.[22]
Remember also: the BTFP, swap lines, and FedDIC measures are *so enormous* that the Fed is doing them over weekends[23] with all the other central banks[24], and publishing multiple joint statements[25,26] assuring people that the “system is resilient”, even as Moody’s has downgraded the US banking system as a whole[27].
One of the things I hate about this system is that it’s evolved to be opaque, like a snake that’s evolved camouflage. If the Fed came outright and *said* they were digitally devaluing the dollar by printing trillions, that they were monetizing the debt as Dalio predicted[31] and even getting bondholders to abet the devaluation, everyone would flee for the Bitcoin exit. So instead they lie, to themselves and to others, just as Jean-Claude Juncker recommended[32]. As with CDOs[33] in 2008, the point is to fool themselves and to fool you.
But you have to see through the camouflage. They’re printing trillions[34,35] even as they’re hiking rates. Indeed, they’re printing trillions to compensate for the *consequences* of hiking rates. There will of course be other consequences to printing trillions. You can wait to find out, or you can get into Bitcoin now.
5 figures and 35 citations follow. 👇](https://pbs.twimg.com/media/Fr3w5nIaIAMYgTC.jpg)
@CryptoGPT_org TEA6PMY
Download CryptoGPT and farm rewards! Use my code to sign up: TEA6PMY
https://t.co/2Y1gZQ2Wb1
Development update. First test of JavaScript code that "sweeps"/transfer #Ravencoin assets/tokens.
As a user, you scan a QR code and you get tokens or #RVN $RVN.
EASIEST way to distribute coupons/tickets/tokens or vouchers in real life.🤍
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