I talk about why I bought more cryptocurrency during the 1/16/2018 Dip. I talk about how I use the Trezor and ledger for a lot of my crypto. Some troll hops on and starts telling everyone bitcoin is a scam.
SALT stands for Secure Automated Lending Technology. It allows you to keep your cryptocurrency (bitcoin, ethereum & crypto) and borrow against it. SALT Lending holds the value of the cryptocurrency and borrow fiat currency (USD, YEN, EURO). This could change the world of lending.
You could borrow without having credit checks and proof of income. And the lender holds actual collateral. I hope it works. It is definitely a good idea, but there may be some drawbacks.
1. Cryptocurrency volatility. Since the value of cryptocurrency can go up and down so rapidly how can the lender and the borrower maintain the agreement? The borrower is supposed to make up the difference between the amount borrowed and the collateral if the crypto being held goes down.
2. State by State Regulations. Lending is regulated by each state so Saltlending will have to be authorized to act in each state.
3. Centralization. There are pros and cons to centralization. Pros: regulation requires it, faster decisions. Cons: easier to attack, governments can shut it down or apply restrictions in their areas, organizational greed.
BLOCK.ONE and TOMORROW BLOCKCHAIN OPPORTUNITIES announce formation of EOS.IOBlockchain Focused Fund.
DENVER, CO – JANUARY 16, 2018 – BLOCK.ONE today announced with TOMORROW BLOCKCHAIN OPPORTUNITIES (“TomorrowBC”) the creation of a fund to exclusively invest in opportunities leveraging EOS.IO software. This is the first announcement for BLOCK.ONE’s EOS VC partnership program to stimulate EOS.IO innovation. TomorrowBC aims to invest in trailblazing entrepreneurs and companies looking to shape our future utilizing new technologies, like the EOS.IO blockchain open source software.
Derek Rundell, a managing partner of Eric Schmidt’s venture firm, TomorrowVentures, is the Managing Partner of TomorrowBC. Rundell said he is “excited to draw on the knowledge, relationships, and experience that helped make TomorrowVentures a success.”
With a $50mm initial close, seeded by BLOCK.ONE, TomorrowBC is poised to take advantage of companies reshaping many traditional and emerging industries.
When asked about the potential of the new disruptive technologies on the future, Schmidt said, “The possibilities created by these new technologies are going to be monumental. I am excited to see where the pioneers of these new emerging technologies can take us.”
Brendan Blumer, CEO of BLOCK.ONE, echoed Schmidt’s sentiments, “We are excited to work with an established and experienced team that is focused on developing disruptive companies and technology. The open source EOS.IOsoftware fundamentally enables new community driven business models capable of disrupting the largest incumbents across all major sectors, and BLOCK.ONE will be heavily investing in this future.”
BLOCK.ONE is a leading developer of technology solutions including blockchain software development. With employees and advisors based around the world, the company focuses on business-grade technology solutions, including the development of the EOS.IO software. For more information visit BLOCK.ONE.
ABOUT TOMORROW BLOCKCHAIN OPPORTUNITIES (“TomorrowBC”).
TomorrowBC is a venture capital firm focused on opportunities that utilize blockchain technology to enhance the way we live, work, and play. For more information visit http://www.TomorrowBC.com.
Someone asked me how to buy alt coins with bitcoin. I go to coinbase and buy bitcoin then use that to buy altcoins on bittrex. I recently found out the GDAX (owned by coinbase) and Binance is better. This is just ONE way to do it. Definitely not the best.