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Re: JBH87 post# 7331

Thursday, 01/27/2022 1:19:56 PM

Thursday, January 27, 2022 1:19:56 PM

Post# of 7410
To my understanding, no, Bitcoin is not a factor in our stable coin. Bitcoin is volatile whereas a stablecoin should not fluctuate in value as it is backed dollar per coin. We aren’t developing a cryptocurrency in the sense of say Cardano or Ethereum. Those are infrastructure platforms for smart contracts. Layer 1 protocols Those crypto’s and stablecoins do not compare

To the question of demand… 2 points, fraud prevention and transaction reversibility. Look at those from the eyes of Fiserv and Visa. Any idea how much money they lose to unrecoverable fraud every year…. Imagine if a solution was presented that materially reduced those numbers…. That’s what we have w our proprietary blockchain tech coupled w stablecoin development. I believe we are in the probationary nary proving stage. When we can prove to those guys what this does….. we’ll that’s why we are all here.