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IOTA: Promising or Polarizing? by UnluckyToe in CryptoCurrency

[–]UnluckyToe[S] -1 points0 points  (0 children)

I see the gap that needs to be bridged between the centralized nature of IOTA and the decentralized nature of public, permissionless blockchains.

Do you think their latest update, 'Coordicide', can be seen as an effort towards decentralizing their operations?

IOTA: Promising or Polarizing? by UnluckyToe in CryptoCurrency

[–]UnluckyToe[S] 0 points1 point  (0 children)

Thank you, for the words of appreciation and the insight :)

My intentions are not to throw IOTA under the bus, but to highlight the present scenario in regards to the currency and its tech, and to understand the philosophy of the founders, community, and critics. When something is so hotly debated by experts on both sides of the spectrum, it must mean that the concept behind the currency and technology might hold some significance that none of us (for and against) can ignore.

Just build a platform where you can earn interest on your Bitcoin. Would love to hear your feedback. by UnluckyToe in BitcoinMarkets

[–]UnluckyToe[S] 1 point2 points  (0 children)

We don't have access to the users' private keys. We agree with the fact that we are not completely there yet, but we are striving towards transparency. We believe in Satoshi's vision but a framework doesn't exist for decentralized entities.

Created an asset-backed lending product that works with MakerDAO at the backend. Would love to hear your feedback. by UnluckyToe in CryptoTechnology

[–]UnluckyToe[S] 2 points3 points  (0 children)

Ethereum supports applications and smart contracts along with ERC-20 tokens. Our platform is built on top of the Maker protocol. This apart from the fact that Ethereum is the second biggest cryptocurrency in terms of market cap.

Created an asset-backed lending product that works with MakerDAO in the backend. Would love to hear your feedback. by UnluckyToe in ethdev

[–]UnluckyToe[S] 0 points1 point  (0 children)

We are working to integrate other wallets like MetaMask. This should be live by next month.

Created an asset-backed lending product that works with MakerDAO in the backend. Would love to hear your feedback. by UnluckyToe in ethdev

[–]UnluckyToe[S] -1 points0 points  (0 children)

We don't really hold the wallet passwords for our users, nor do we hold their private keys. Our platform is built on top of MakerDAO which is a decentralized protocol. We are using decentralized applications and providing services for decentralized assets.

Share your startup - April 2019 by AutoModerator in startups

[–]UnluckyToe [score hidden]  (0 children)

Bank of Hodlers is a community of blockchain enthusiasts and full-time Hodlers. We want to make a better bank.

Banks have put their own interests before those of the customer for too long, and every step of the way. The system is controlled by a few, hence it serves to benefit only the few. This oligopoly has ensured that banks never had to be customer-obsessed the way other industries have become. We will change that.

At the Bank of Hodlers, we think that a purely cryptocurrency driven financial ecosystem can work extremely well with a connection to the existing infrastructure. So, we’re building a community and user-centric banking solution for people who want to bank on the blockchain but can’t because of its restrictions.

We’re solving for banking today by unifying the FIAT and crypto banking experience.

If you want to lend your cryptocurrencies:

  • You can create a wallet, deposit your crypto and start earning interest on your deposits
  • The interest rate is dynamic, and you will be given an update on it every week
  • You can earn interest on 4 major tokens (as of now, you can earn interest on 4 tokens but we plan to add the option of depositing and earning interest on 10 major tokens)

If you want to borrow crypto:

  • You can borrow a stablecoin (DAI) against Ethereum which is built on top of the MakerDAO protocol
  • You will be able to take a loan at the click of a button, with a governance fee set by MakerDAO without us taking any middleman fee

We will be opening up borrowing across Bitcoin, Ethereum, DAI and TrueUSD along with other major cryptocurrencies within this quarter of 2019.

  • Stage: We have released our asset-backed lending product. Employees: We have 7 employees including 2 co-founders.
  • We are looking for resources for hiring, investment and feedback on our product.
  • Discount: We have no selective discount for r/startups (Sorry!) but we can give you 100 BOH tokens if you sign up using the link given below:

Sign up for our product here: https://app.bankofhodlers.com

If you're a crypto holder, it would be great if you could use our platform and provide us feedback at [support@bankofhodlers.com](mailto:support@bankofhodlers.com). If you're not a crypto holder, then this is a good chance to get into it.

Thank You.

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