Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
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Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#2coindesk only promotes ztrash
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#3Using livestock as collateral is one of the oldest ways to obtain a loan.
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#4This is how economy should work, based on physical tangible assets that owned/existed, not some imaginary value based on whatever speculation, that what ruined housing market, what inflated stocks and allowed cons to get wealthier, it’s also why a lot of companies make fake job posting or pr stunts, it’s all to inflate that imaginary market currency then use it to get a real cash, that should be illegal and is a form of Ponzi scheme fraud, if a house as-built cost is 70k, it shouldn’t be sold for 800k, and the owner shouldn’t be able to use that speculative value to get a 600k loan.
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#5Brilliant idea, but why the crypto? Couldn't you simply do the collar + web connection... without crypto?
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#6This is how economy should work, based on physical tangible assets that owned/existed, not some imaginary value based on whatever speculation, that what ruined housing market, what inflated stocks and allowed cons to get wealthier, it’s also why a lot of companies make fake job posting or pr stunts, it’s all to inflate that imaginary market currency then use it to get a real cash, that should be illegal and is a form…
It sounds like you're suggesting a barter economy. It works like this:
1. Bob grows oranges, and wants shoes
2. Ted hunts for meat, and wants oranges
3. Sam makes shoes, and wants meat
The only way this can work is to have a 3-way transaction. But with a money system, the money is traded without needing a 3-way transaction. It's much more efficient.
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#7Brilliant idea, but why the crypto? Couldn't you simply do the collar + web connection... without crypto?
With what platform? Stripe, Visa and Banks that arbitrarily ban users?
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#8This is how economy should work, based on physical tangible assets that owned/existed, not some imaginary value based on whatever speculation, that what ruined housing market, what inflated stocks and allowed cons to get wealthier, it’s also why a lot of companies make fake job posting or pr stunts, it’s all to inflate that imaginary market currency then use it to get a real cash, that should be illegal and is a form…
You should probably read up on why humans initially switched to the currencies or the gold standard later.
Personally I found this one quite interesting. https://www.lynalden.com/broken-money/
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#9This is how economy should work, based on physical tangible assets that owned/existed, not some imaginary value based on whatever speculation, that what ruined housing market, what inflated stocks and allowed cons to get wealthier, it’s also why a lot of companies make fake job posting or pr stunts, it’s all to inflate that imaginary market currency then use it to get a real cash, that should be illegal and is a form…
It sounds like you're suggesting a barter economy. It works like this: 1. Bob grows oranges, and wants shoes 2. Ted hunts for meat, and wants oranges 3. Sam makes shoes, and wants meat The only way this can work is to have a 3-way transaction. But with a money system, the money is traded without needing a 3-way transaction. It's much more efficient.
Not really, I am not saying to remove moneys entirely and use assets trading only, but the money printed or valued should be based on tangible assets, actual cost, not some made up speculation. As I mentioned above, a house that cost 100k to build and handover should never exceed that value plus profit markup, the older it gets, the cheaper it should be, just like any other assets and like how japan did it to solve the greedy banks/landlords. But obviously such thing needs to be done in an authoritarian manner as in normal democracy it will never be voted for, since most voters are owners. Other examples apply too on why things are waay over inflated for what they worth, including stocks.
Re: Brazilian farmers tokenized dairy cows to get loans, bypassing bank limits
#10Brilliant idea, but why the crypto? Couldn't you simply do the collar + web connection... without crypto?
With what platform? Stripe, Visa and Banks that arbitrarily ban users?
huh? platform? lol. you go to bank with proof of collateral.. get secured loan. wtf does everything need a platform or some VC garbage scrambling to find rent.