 | Particl Suggestions | 190 Members |
| Your suggestions make the Particl products better .... So, don't be shy. 🛎 More Rooms #particl-project:matrix.org | 26 Servers |
| Particl Suggestions | 190 Members |
| Your suggestions make the Particl products better .... So, don't be shy. 🛎 More Rooms #particl-project:matrix.org | 26 Servers |
| Sender | Message | Time |
|---|---|---|
| 24 Aug 2022 | ||
 rutherford | <btmr@discord>:
@mbacoinin Not sure what you mean there. Any business oriented entity will want to see some return on their investment. Part is the only thing that's literally a stake in the project. If they find some foundation that doesn't care, a vision may be enough | 20:32:04 |
| 25 Aug 2022 | ||
 alexanderpart | Investors could buy blocks of part, maybe at a slightly higher cost than spot for the liquidity, thats really all that investors would do, and thats fairly unusual as they want to buy coins for pennies on the dollar before a project goes public | 01:06:07 |
| alexanderpart | How often do crypto projects get series b funding | 01:06:31 |
| 26 Aug 2022 | ||
| rutherford | <Frank11112@discord>: Alright I will just share the global idea i have here | 10:26:36 |
| rutherford | <Frank11112@discord>: What if we would create a "stable" coin that is called pSilver which is particl silver. Where every pSilver represents 1oz of physical silver that could be requested for delivery through the marketplace. The Dex will provide one trading pair that enables only PART to be used to buy pSilver. Then on the marketplace we will allow items to be sold in pSilver that simply and always will represent 1oz of silver regardless of the price. We will have to set up a way to both have the physical silver and create some rules about shipment / costs etc etc | 10:29:07 |
| rutherford | <Frank11112@discord>: There is a growing community of people advocating the use of PMs over Fiat currency that'll like the idea and could form a cool bridge between fiat/pm/crypto | 10:30:33 |
| rutherford | <Frank11112@discord>: And i feel like that community has largely the same values as the particl ecosystem | 10:30:48 |
| rutherford | <Frank11112@discord>: The problem will be that we will need a way to trustworthy and possibly decentralized store/keep the actual physical for this to work. As every user buying it should have the possibility to ask for delivery | 10:32:18 |
| rutherford | <Frank11112@discord>: This way we will have an ecosystem that is also depegged from the fiat system. | 10:32:49 |
| rutherford | <Frank11112@discord>: I just wanted to share the idea after which maybe some smart people that have time can think of possibilities here. | 10:33:46 |
| rutherford | <Frank11112@discord>: Maybe we could also allow pSilver to be bought with other pairs and that besides the silver all other costs are paid in PART | 10:36:39 |
| rutherford | <The Company@discord>: Sounds good, doesn’t work. This model represents another crypto “project” is was called something like “goldcoin” or something. That was pegged to gold. Guess what? It was a pyramid scheme | 11:42:44 |
 joskye | The issue here is custody and regulation. I don't know if anyone remembers DigixDao, one of the oldest DAOs in existence was a legit gold backed stable coin that had to shut down/liquidate when Singapore changed it's laws around gold custodianship in relation to crypto. | 11:46:07 |
| joskye | You can have a legit project but a pure metal backed coin is still centralised insofar as storage, validation/proof/audits and overall custodianship. | 11:46:56 |
| joskye | I'd argue you could do it with diamonds however since it's easier to unique ID them directly but again I'd question the objective value of diamonds given we can manufacture them cheaply relative to digging them hp. | 11:48:48 |
| joskye | * I'd argue you could do it with diamonds however since it's easier to unique ID them directly but again I'd question the objective value of diamonds given we can manufacture them cheaply relative to digging them up. | 11:48:54 |
| rutherford | <!yfgame@discord>: You can sell silver on the PM through and that is safe and secure. | 15:13:24 |
| rutherford | <!yfgame@discord>:
Also Frank11112 You are cryptoone0one from telegram right? 😃 | 15:16:04 |
| rutherford | <Frank11112@discord>: I never said to peg it to something. I am saying you can buy oz/grams and it'll be that. Regardless of price | 15:17:34 |
| rutherford | <Frank11112@discord>: Yeah i also see th challenges, but it would be really nice if it were possible. | 15:18:58 |
| rutherford | <Frank11112@discord>: I actually want to buy gold and silver and not sell it, i already bought 2oz of silver on the particl marketplace which is really cool | 15:19:44 |
| rutherford | <Frank11112@discord>: Yeah that's me | 15:20:35 |
| rutherford | Redacted or Malformed Event | 15:53:46 |
| rutherford | <!yfgame@discord>:
Nice! So yeah I think it would be nice if there would be sellers always selling silver gold ect. But we would have to find a way to convince them to go and stay on the PM | 15:54:00 |
| rutherford | <Cyberpunk 0 Capital 💯@discord>: * Generally it’s dead idea as additional shittoken should be controlled by centralised party… (edited) | 15:54:21 |
| rutherford | <Frank11112@discord>: It's all about liquidity. If you could sell your PM with a good premium without risking to lose money on exchange rates im sure they'll pop up as there's money to be made | 16:01:28 |
| rutherford | <!yfgame@discord>:
Yes, exactly. So I guess the consumers would have to take the premium for now. If you are willing to buy at a high markup, I am pretty sure someone would be willing to sell. It is all a risk reward calculation. | 16:06:15 |
| rutherford | <!yfgame@discord>:
So I would guess keep on raising the premium until someone responds. There was someone selling before but now they are out. | 16:07:09 |
| rutherford | <!yfgame@discord>:
* So I would guess keep on raising the premium until someone responds. There was someone selling before but now I don't see them anymore. (edited) | 16:07:29 |
| alexanderpart | Your suggestion is actually possible to achieve with a perpetual MAD contract. | 16:33:33 |