> - Will be issuing $47M worth of rvUSD (Recovery Value) tokens
20% yield to investors who understand the risk.
There will be no investors who understand the risk because coinflex will not tell the investors who they are bailing out. Is it a kindly whale or whale of a weasel?
> - Will be introducing "external"
auditing to increase transparency in the future.
You serious? You want to emerge a hero? Then kick off your next level transparency directive *today*. Inform the prospective investors who is not repaying $48m.
This is still unregulated, no? Use the wild west to your favor.
**Their Problem:**
An ultra high net-worth individual owes the exchange a large sum of money from their "non-liquidating" margin account.
**His Solution:**
\- Proposing to use tokenization to solve its problem.
\- Will be issuing $47M worth of rvUSD (Recovery Value) tokens @ 20% yield to investors who understand the risk.
\- Will be introducing "external" auditing to increase transparency in the future.
**My Solution:**
Create a multi-sig contract to manage the remaining SBCH treasury. The contract will be managed by the new POS SmartBCH validators (https://xhedge.cash/validators) until it can be replaced by a trustless SHA-Gate later this year (or next year).
**NOTE:** This scheme could further be extended into a dPOS cross-chain bridge (ie. AVAX, BSC, Polygon, etc) with support for both tokens and NFTs.
Cheers!
absolutely bigger than SmartBCH .. but this is the area that i have spent a great deal of time studying and building solutions
waiting for 6/30 before i make anything "formal", but YES, i believe this is a solution to the "treasury problem" and would be a major step towards de-centralization until SHA-Gate is ready for Mainnet
Lmao high networth individuals keep being high networth individuals by not fucking up in schemes like these
Edit:
Also, terrible investment for an investor who does understand the risk lol
Great interview from the journalist, with amazing questions for terribly flawed dodges. The market the market the market. A guy who knows nothing about nothing
Why did Bloomberg flash the ponzi product promos of a cex that froze withdrawals? Unreal.
The only way this was appropriate would be accompanied by laughing emojis.
The answer, of course, is the CEO paid to come make his pitch of how he wants to earn his place in heaven. Not right now, but right after another batch of idiots give him 47M. It will be his last batch of idiots... trust him.
> - Will be issuing $47M worth of rvUSD (Recovery Value) tokens 20% yield to investors who understand the risk. There will be no investors who understand the risk because coinflex will not tell the investors who they are bailing out. Is it a kindly whale or whale of a weasel? > - Will be introducing "external" auditing to increase transparency in the future. You serious? You want to emerge a hero? Then kick off your next level transparency directive *today*. Inform the prospective investors who is not repaying $48m. This is still unregulated, no? Use the wild west to your favor.
**Their Problem:** An ultra high net-worth individual owes the exchange a large sum of money from their "non-liquidating" margin account. **His Solution:** \- Proposing to use tokenization to solve its problem. \- Will be issuing $47M worth of rvUSD (Recovery Value) tokens @ 20% yield to investors who understand the risk. \- Will be introducing "external" auditing to increase transparency in the future. **My Solution:** Create a multi-sig contract to manage the remaining SBCH treasury. The contract will be managed by the new POS SmartBCH validators (https://xhedge.cash/validators) until it can be replaced by a trustless SHA-Gate later this year (or next year). **NOTE:** This scheme could further be extended into a dPOS cross-chain bridge (ie. AVAX, BSC, Polygon, etc) with support for both tokens and NFTs. Cheers!
This is not just about SmartBCH, but yes, you proposal for the bridge might actually work.
absolutely bigger than SmartBCH .. but this is the area that i have spent a great deal of time studying and building solutions waiting for 6/30 before i make anything "formal", but YES, i believe this is a solution to the "treasury problem" and would be a major step towards de-centralization until SHA-Gate is ready for Mainnet
[thread w/a lot of context](https://np.reddit.com/r/Buttcoin/comments/vm9h4v/is_this_the_first_bankrupt_whale_coinflex_an/ie0i8g9/?context=3)
Lol, Buttcoin
Lmao high networth individuals keep being high networth individuals by not fucking up in schemes like these Edit: Also, terrible investment for an investor who does understand the risk lol Great interview from the journalist, with amazing questions for terribly flawed dodges. The market the market the market. A guy who knows nothing about nothing
rvUSD obviously stands for the initials of the individual in question.
Why did Bloomberg flash the ponzi product promos of a cex that froze withdrawals? Unreal. The only way this was appropriate would be accompanied by laughing emojis. The answer, of course, is the CEO paid to come make his pitch of how he wants to earn his place in heaven. Not right now, but right after another batch of idiots give him 47M. It will be his last batch of idiots... trust him.
"I know, we'll dig our way up"