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== 26 May 2018 - Discord 2 ==
<name> polymath should definitely put their services on the Ravencoin network
It’s not hard - they can use solidity through RSK which would make the whole polymath platform work on Raven
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<name> right now suppose it cost $90 million to do a 51% attack on ravencoin— that means it’s not cost effective to attack
However if Apple issued a token for all their stock on the Ravencoin network then that’s worth $500 billion —- so now it becomes worth it for someone to spend that $90 million to attack the network so they can double spend Apple
Does that clarify?
So we have to hope that value if the token and economics and all mining aligned to give enough security
As the network grows it’s of course more secure and the ratios are not as much a problem
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<name> first step is to figure out what a 51% attack would cost
Next is to figure value of assets on the network
Once it passes a certain point (like Bitcoin) a 51% attack becomes so logically challenging that the value doesn’t matter as much
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I’d say deflationary when looking at long term supply
It’s identical to Bitcoin so whatever people say Bitcoin is — which is usually referred to as deflationary
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<name> tZero and raven are separate / this isn’t corporate project but the goal and mission has a lot of synergies so it would be natural to have the projects work together
If raven is successful then it will be a part of a lot of major exchanges
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Optimism is great but these types of projects are experimental and many things can cause them to fail
ICOs, scams and centralized projects have a strong motivation to blow smoke and make it seem they will definitely succeed - doesn’t mean they will
<name> for sure - but that seems slightly different
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Any SEC questions are better directed to the company site
Same for specifics on the token offering
I’m a board member not a company exec -/ I can speak about the big picture mission, goal the team etc on tZero
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If your wondering if raven will be listed on tZero crytpo or the asset layer will be used for securities tokens which trade on the exchange - both are very likely
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<name> “utility” tokens are typically centralized closed source scam coins and ICOs which use the word “utility” to pretend they have use so they are not a security
Ravencoin is an open source decentralized coin without an ICO which is definitely not a security so doesn’t need to pretend it has utility — but actually does have utility and use
The chain is extremely strong - the code is ridiculously secure and the asset layer adds real, not pretend use cases
<name> the security of raven is better than Eth and it can handle scaling better - the protocol also allows voting and basic one way messaging and lots of other features described in the white paper
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If so it won’t be raven for sure - that’s not the purpose
Raven is extremely likely to trade on tZero and so are raven tokens
<name> people who say “this can be done with a database” are absolutely wrong on this topic and frankly don’t know what on earth they are talking about - it can’t be done on a dbase— I’ve made tons of videos explaining this
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<name> think of it like Kraken — it’s an exchange with lots of tokens — difference with tZero is that they will be securities tokens
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There might be some regulatory issues going direct but plan is to have usd / fiat as well as crypto - worse case (I think) it will be two separate sections of the exchange (like grad and Coinbase)
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If people are wondering if tZero will support and list raven:
The ceo is a raven holder
I’m a board member
Tron’s an advisor
The owner of tZero is the largest raven supporter
A majority of employees own and support raven
The missions are exactly aligned
... so yes, there is a good chance it will be listed
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It doesn’t work that way — this isn’t a corporate project — there is a separation.
Raven is it’s own open source project
People involved wear overlapping but also separate and distinct hats
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No it’s perfect
I hope to issue assets on Raven
Securities tokens
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The people supporting the open source project of Ravencoin support a protocol which allows secure and easy creation of tokens — that’s it.
It’s more than pow vs pos — it’s about what the best platform is
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Not sure yet - probably strong - I love Monero and fluffy is a good friend and also supports rvn - I’m of the mind that any good quality project is welcome — securities alone is a $10 trillion market
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It’s a race multiple projects can win — there is room for a dozen projects like raven or Eth
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It’s not so much about a currency — but what platform makes it work
And whichever ones work sort of become defacto currencies
== 23 May 2018 - Discord 2 ==
