Re:Bye-bye, Bitcoin: It's time to ban cryptocurrencies
by Jasper_ on Monday July 26, 2021 @03:03PM
(#27963781)
You seem like someone very "plugged in" (ha!) to the cryptocurrency world, so I have to ask: what's the best kind of epoxy to fill my ethernet ports with?
[ Parent
| on HN ]
Re:Bye-bye, Bitcoin: It's time to ban cryptocurrencies
by rspeele on Monday July 26, 2021 @03:15PM
(#27963984)
I don't know, but I'll sell you a synthetic asset that mimics epoxy brands, tracking their prices using an oracle[0]. Instead of buying, say, a tube of JB Weld, you can buy 2 $JBW[1] and take out an overcollateralized loan to get the cash to buy your 1 tube of actual epoxy. Because cryptos go up, your $JBW collateral will probably have doubled in value by the time you need to pay back the loan, making the purchase completely free. This technique can be used to end poverty worldwide.
[0] website
[1] $JBW tokens are not redeemable for epoxy. However, I pinky promise that every time you buy one, I buy a tube of actual epoxy and throw it in the garbage, creating value that your token represents.