Patrick Byrne's t0.com, with "short token" to short stock UIA in compliant way

[lil_jay890]

The whole thing is slick and looks like it could get a jumpstart on BTS UIA's.

The "short token" is the most interesting thing here, I think.
http://t0.com/shorttoken

Wondering if their tech stacks up though.

I like it.  No MPAs or referral program, which are bigger growth products than UIAs imo.

I disagree. Byrne is appealing to the financial industry, securing partnerships with broker dealers and going through the regulatory process. Their using UIA's for securities, where as we are using them for tokens. Its not the same thing.

Referral program isn't going to take off as much as people think and MPA's are really only for the crypto community, which generally doesn't appreciate them because BTS isn't BTC and as such is an inferior collateral.

I'm all for Byrne bringing the tech to the regulated world.  However, he is not selling all the tech and apparently he has not brought the more disruptive tech, MPAs & decentralization, to the table.

MPA's are for the crypto community at the moment.  Improvements to digital wallets and ease-of-use to the level of current online banking are needed to bring things mainstream.  Tons of useful applications for MPAs long run though.  Also optimistic about the referral program, which in theory provides an additional revenue stream to real world businesses without implementation costs.  Guess we'll have to wait for 2.0 though.

MPA's are not for the mainstream. If they do gain traction. Governments will outlaw crypto. The only reason why they are being accommodative is because the market is so small and they doubt that consumers will want to hold a volatile currency. Do you really think the government is going to stand by and let people pour money into assets that cannot be regulated or seized? MPA's are not disruptive in a good - at least from the perspective of regulators.

There's a terrible disconnect between the crypto community and the realities of the financial industry. The blockchain is disruptive (in a "good" way), because it can increase transparency and efficiency in the provision of financial services. Cryptocurrencies are disruptive (in a "bad" way) because they do not allow for governments to have ultimate control of capital flows.

I'm not saying that MPA's are not worthwhile. I am libertarian anarcho capitalist myself, but don't kid yourself into thinking that this is going to get adopted by the masses.

[clout]

The whole thing is slick and looks like it could get a jumpstart on BTS UIA's.

The "short token" is the most interesting thing here, I think.
http://t0.com/shorttoken

Wondering if their tech stacks up though.

I like it.  No MPAs or referral program, which are bigger growth products than UIAs imo.

I disagree. Byrne is appealing to the financial industry, securing partnerships with broker dealers and going through the regulatory process. Their using UIA's for securities, where as we are using them for tokens. Its not the same thing.

Referral program isn't going to take off as much as people think and MPA's are really only for the crypto community, which generally doesn't appreciate them because BTS isn't BTC and as such is an inferior collateral.

I'm all for Byrne bringing the tech to the regulated world.  However, he is not selling all the tech and apparently he has not brought the more disruptive tech, MPAs & decentralization, to the table.

MPA's are for the crypto community at the moment.  Improvements to digital wallets and ease-of-use to the level of current online banking are needed to bring things mainstream.  Tons of useful applications for MPAs long run though.  Also optimistic about the referral program, which in theory provides an additional revenue stream to real world businesses without implementation costs.  Guess we'll have to wait for 2.0 though.

MPA's are not for the mainstream. If they do gain traction. Governments will outlaw crypto. The only reason why they are being accommodative is because the market is so small and they doubt that consumers will want to hold a volatile currency. Do you really think the government is going to stand by and let people pour money into assets that cannot be regulated or seized? MPA's are not disruptive in a good - at least from the perspective of regulators.

There's a terrible disconnect between the crypto community and the realities of the financial industry. The blockchain is disruptive (in a "good" way), because it can increase transparency and efficiency in the provision of financial services. Cryptocurrencies are disruptive (in a "bad" way) because they do not allow for governments to have ultimate control of capital flows.

I'm not saying that MPA's are not worthwhile. I am libertarian anarcho capitalist myself, but don't kid yourself into thinking that this is going to get adopted by the masses.

[phillyguy]

What does mpa stand for? Market pegged asset?

Yep.

[Empirical1.2]

The whole thing is slick and looks like it could get a jumpstart on BTS UIA's.

The "short token" is the most interesting thing here, I think.
http://t0.com/shorttoken

Wondering if their tech stacks up though.

I like it.  No MPAs or referral program, which are bigger growth products than UIAs imo.

I disagree. Byrne is appealing to the financial industry, securing partnerships with broker dealers and going through the regulatory process. Their using UIA's for securities, where as we are using them for tokens. Its not the same thing.

Referral program isn't going to take off as much as people think and MPA's are really only for the crypto community, which generally doesn't appreciate them because BTS isn't BTC and as such is an inferior collateral.

While I agree stock is generally viewed as inferior collateral to currency, esp. BTC in this market. I think the referral program actually has a good chance of being extremely successful especially with later possible additions of things like PM's, Blockchain-based gambling and other high transaction generators.

MPA's provided they are viewed by the market as safer than the IOU currency options provided by centralised exchanges have huge potential, because BTC volatility is a huge problem for a wide range of crypto-serving businesses. The potential market beyond that for private, globally accessible currencies like BitUSD is just unbelievably massive and will take off fairly quickly once they're satisfactorily proven within this market.

Competitors like Bitreserve, who have a target-able, centralised offering using a fractional reserve bank account (Who I also think may still be using a fiat balance to back up their gold, silver and other positions too) already has nearly $3 million of BitAssets and 57% MoM growth for the last 30 days. https://changemoney.org/ While that growth rate isn't sustainable and we'll need to see how they do after the next 6-12 months, if BTS 2.0 can replicate that to a degree (which I think it can as it is superior) it would be extremely valuable in the next 12-24 months.

[carpet ride]

The whole thing is slick and looks like it could get a jumpstart on BTS UIA's.

The "short token" is the most interesting thing here, I think.
http://t0.com/shorttoken

Wondering if their tech stacks up though.

I like it.  No MPAs or referral program, which are bigger growth products than UIAs imo.

I disagree. Byrne is appealing to the financial industry, securing partnerships with broker dealers and going through the regulatory process. Their using UIA's for securities, where as we are using them for tokens. Its not the same thing.

Referral program isn't going to take off as much as people think and MPA's are really only for the crypto community, which generally doesn't appreciate them because BTS isn't BTC and as such is an inferior collateral.

I'm all for Byrne bringing the tech to the regulated world.  However, he is not selling all the tech and apparently he has not brought the more disruptive tech, MPAs & decentralization, to the table.

MPA's are for the crypto community at the moment.  Improvements to digital wallets and ease-of-use to the level of current online banking are needed to bring things mainstream.  Tons of useful applications for MPAs long run though.  Also optimistic about the referral program, which in theory provides an additional revenue stream to real world businesses without implementation costs.  Guess we'll have to wait for 2.0 though.

[topcandle]

What does mpa stand for? Market pegged asset?

[bobmaloney]

Has there been any information released regarding his development team post-counterparty?

Any specs?

[clout]

The whole thing is slick and looks like it could get a jumpstart on BTS UIA's.

The "short token" is the most interesting thing here, I think.
http://t0.com/shorttoken

Wondering if their tech stacks up though.

I like it.  No MPAs or referral program, which are bigger growth products than UIAs imo.

I disagree. Byrne is appealing to the financial industry, securing partnerships with broker dealers and going through the regulatory process. Their using UIA's for securities, where as we are using them for tokens. Its not the same thing.

Referral program isn't going to take off as much as people think and MPA's are really only for the crypto community, which generally doesn't appreciate them because BTS isn't BTC and as such is an inferior collateral.

[carpet ride]

The whole thing is slick and looks like it could get a jumpstart on BTS UIA's.

The "short token" is the most interesting thing here, I think.
http://t0.com/shorttoken

Wondering if their tech stacks up though.

I like it.  No MPAs or referral program, which are bigger growth products than UIAs imo.

[toast]

The whole thing is slick and looks like it could get a jumpstart on BTS UIA's.

The "short token" is the most interesting thing here, I think.
http://t0.com/shorttoken

Wondering if their tech stacks up though.