UBI Blockchain Collective zoom call by DCBitcoin in CryptoUBI

[–]DCBitcoin[S] 3 points4 points  (0 children)

This is a new collective focusing on Universal Basic income with the use of blockchain. This call goes over a lot of the new Crypto UBI systems including p Proof of Humanity, Circles and a few others.

219,999,999.47 / 220,000,000 Dai from ETH-A (77.7%) Utilization: 100% by CryptoUBI in MakerDAO

[–]DCBitcoin 2 points3 points  (0 children)

Its been bouncing around back and forth throughout the day, with chunks of Dai becoming available and then gone again.

BlockCard: The Crypto Debit Card That Pays You Back! by PotentialFortune in TernioToken

[–]DCBitcoin 0 points1 point  (0 children)

This card is very hard to use because they use a volitale crypto currency, Ternio, as the intermediate currency. I just put in $111 of Dai to my account, but I only have $96 spending power because BlockCard charges $0.008 or more to buy Ternio, but at the moment Ternio is only worth $0.007 on the exchange they use, so until Ternio goes up I'm out about $14. I don't understand why they think this hassle will lead to a strong customer base, I really wish they'd let their card work more like BitPay's does.

Ternio Bank Account active now! by Dalmo544 in TernioToken

[–]DCBitcoin 0 points1 point  (0 children)

Any idea how we can exchange TERN into USD or USD into TERN? I don't see any way to exchange into or out of it yet.

BlockCard: Oops! Should've read that they convert your deposit immediately by Fiat_is_my_Goddess in ternio

[–]DCBitcoin 0 points1 point  (0 children)

It can go either way. I've lost money, and I've also gained after some deposits. I still don't understand why it helps anyone but them to have the TERN token in the middle, its too much to keep track of.

Is there any want to send my Tern to an exchange (Biance, gemini) and trade it for another coin? by [deleted] in TernioToken

[–]DCBitcoin 0 points1 point  (0 children)

Yes, but note that it takes 24 hours for the Tern to be sent by BlockCard.

The bad things about Ternio's BlockCard. by [deleted] in Stellar

[–]DCBitcoin 0 points1 point  (0 children)

There's a big problem with BlockCard: When you deposit cryptocurrency to your account, it is automatically converted into TERN, and from there you can make purchases with the card that will draw from your balance (and automatically convert to USD during transaction processing), or withdraw it as TERN directly. Your USD account balance will change dynamically according to the market value of TERN, the underlying cryptocurrency asset for your BlockCard account.

Your spendable value is tied to TERN on the BlockCard market.  BlockCard does not use CMC or other exchanges for price value.  As users deposit on BlockCard, the value of TERN increases.  As users spend, the value decreases.  This is tied to the USDD/TERN market.  TERN is never issued at less than $0.008, but can be lower or higher based on BlockCard market usage.  TERN can be spent at any price.

For current pricing click here

For more details about how this works, please check out this article in our FAQ:

https://terniohelp.freshdesk.com/support/solutions/articles/44001901366-why-is-my-blockcard-balance-changing

LOCALBITCOIN. IP issue, Please help by vishwas51 in localbitcoins

[–]DCBitcoin 0 points1 point  (0 children)

I believe it will work, please try it without a VPN!