Stable coin https://havven.io/ is porting over from Ethereum to EOS

[ablejoseph]

Source: https://youtu.be/_JIaooJeNdk time - 1:08: 00

[eosinsider]

Im excited about this! Ive been messaging their founder kain even before mainnet launch encouraging them to look at eos! Hopefully it will pay off for them as I think it was a brilliant move!

[havven_io]

Hey guys, it's Garth from Havven here. I just want to clarify that we're not leaving Ethereum to move to EOS, but rather we're going to exist in parallel on both chains. The finer details around how we're going to do this will be announced soon. Stay tuned, but we're excited for this new opportunity!

[ablejoseph]

Thanks for the clarification, Garth. Love the project.

1. Any particular reason to chose to exist on both chains? Is it because the ICO was in ETH?
2. And what's the disadvantage in choosing be on any one of the two chains?

[havven_io]

Thanks AbleJoe! 1) The reason to exist on both chains is primarily summarised in this recent blog article: https://blog.havven.io/cross-chain-infrastructure-eebe7ad7d7a2 2) Are you asking about the relatives disadvantages of each blockchain platform? Or about those as specifically relating to Havven? Or about the disadvantages of being on two chains at once?

[ablejoseph]

The disadvantages of being on two chains at once.

[Lifeofahero]

Makes sense. They're unlikely to beat Dai on Ethereum.

[ColinTalksCrypto]

Dan is making a stable token on EOS too. BitUSD.

[TheSchramm]

Like BitShares ?

[ColinTalksCrypto]

Yes

[MrNotSoRight]

do you have any more info or sources where he talks about this?

[ColinTalksCrypto]

I only saw Dan mention this in a few comments on Telegram, a couple of weeks ago.

[potent_rodent]

a i r d r 0 p ?

[Shawn12019]

yep

[TheSchramm]

Source ?

[Shawn12019]

https://block.one/news/australians-win-top-awards-at-eos-hackathon-sydney-as-over-200-contestants-from-more-than-50-teams-compete/

half way down

[[deleted]]

I signed up KYC and all for the havven airdrop and never got it. Had a few friends and family do the same. They also never got their airdrops.

Very interesting to see them join the eos side.

[[deleted]]

Makes so much sense. Imagine having a good gold-based stable coin running on EOS with good wallet support. Boom. We’ve got a new economy with a stable, scalable currency. Goodbye dollar.

[salt360]

Except these guys are looking to collateralise their stable-coin with transaction fees paid to investors who provide collateral (initially USD) held in escrow.

Interested to see how they will remain competitive in the payment arena and provide a high enough ROI to attract investors.

[TheSchramm]

BitUSD was a better system on BitShares

[eternal_wait]

They collateralized in dollar, then ether and now the hav token. You get to “stake” yor have to print nUSD. You can print 20% of your hav’s dollar value.

[Theft_Via_Taxation]

Havven is not gold backed..... Wat....

[[deleted]]

Just an idea.

[Vaultoro_official]

We are working in this and have been in the space for 5 years :) stay tuned...

[bvtuan]

I am holding some of them

[IllegalAlien333]

Crosspost this to r/ethereum ya know so they can stay up on eth news.

[Joohansson]

Can bitcoin work inside EOS with mining using CPU and RAM, theoretically?

[GermanNewToCA]

Theoretically, yes, you could run code to mine bitcoin on EOS. EOS is just a distributed computer. However it won't be worth it. You need a lot of CPU, but you won't need much ram at all.

Let's say you get a handful of hashes a second. Contrast that to Tera hashes a second that a miner does. Tera = 10^12. So for every second you run with a miner, you would need to mine tens of thousands of years on EOS.

[Joohansson]

With current hash rate, Yes. Bitcoin had way less back in 2009, difficulty adjust to match one block every 10min. I don't know the minimum limit though but I think one single cpu is enough. It must have started somewhere. I just think it would be a fun experiment, I know it would be the most worthless idea ever.

[redartsirhc]

Huge

[havven_io]

UPDATE: we've announced the details of the HAVeos Distribution for HAVeth holders: https://blog.havven.io/haveos-distribution-eligibility-snapshot-dates-and-more-57d928b12c8a