a new stablecoin that processes subscriptions (smart people only - looking for seed investors)

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  • Pad
    elephants dont swat flies
    • Aug 2003
    • 1262

    #1

    a new stablecoin that processes subscriptions (smart people only - looking for seed investors)

    hi,

    i wrote a one pager - read it and leave notes if you'd like - https://docs.google.com/document/d/1...it?usp=sharing

    who are the huge merchant processor guys? they should throw money at this. recurring subscriptions in crypto will be huge in ~5 - 20 years and i was the first (only?) person to invent it

    i was working on this w/ wexel back in 2017 but he sabotaged the project by dissolving our luxembourg entity and leaving the team. dick move. later found out through his employee brandon (skrilled) that he stuck around in the group chat to "watch us fail"

    anyway - this is a proposal for a steadycoin/stablecoin not pegged to fiat or any other asset - but is rather stabilized by an advanced, never before seen/used volatility protocol/algo

    i asked gpt4 to machine gun it - we have mitigations for every issue identified



    and bard explains it well



    tl;dr we (myself, a guy from world bank and a couple of others) invented the fiat and btc killer as it relates to practical commerce

    i'll only work with people who work with people who process billions with a b or gfy ogs. i don't have the time or ambition to tolerate ineptitude

    2017/2018 paper (needs to be rewritten in LaTeX and have a weed whacker taken to it as to closer resemble an academic paper) https://web.archive.org/web/20180401...whitepaper.pdf



    minerva (owl) > fiat > btc tbh

    i'd like to continue it if i can justify the time. i have the talent pool - not the funding

    pm me or reply w/ contact deets if you are interested. i'm a straight shooter and we already built an early proof of concept / mvp in solidity back in '17/'18



    subscriptions.sol is the first meaningful attempt at recurring billing on ethereum; but this will require a new layer one blockchain

    we (adult biz) invented cc processing - let's kill btc and usd - any takers? i'm 0% fucking around and have unreal credentials to share privately

    thanks
  • el_mago
    So Fucking Banned
    • Sep 2017
    • 353

    #2
    Seed invest0r here. Where do I signup to throw away my money/crypto?

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    • Pad
      elephants dont swat flies
      • Aug 2003
      • 1262

      #3
      Originally posted by el_mago
      throw away my money/crypto?
      i understand that knee-jerk reaction - because pretty much everything in the crypto "industry" is poorly conceived and poorly programmed. it's actually disgusting.

      og disruptors need to step in and show these crypto bros how it's done

      Comment

      • Pad
        elephants dont swat flies
        • Aug 2003
        • 1262

        #4
        hell - as an alternative to merchant incentive (cashback-esque) coin issuance as a stabilization mechanism - we could possibly burn an equal amount of coins across the entire network by tapping *all* wallets, and insert back into the $ supply by airdropping coins back to the same wallets — to prevent volatile price behavior — and on a percentage-limited basis, not a fiat/usd peg way, wherein the price cannot fluctuate x% over 24h and bake subscriptions into it



        plus regulators would probably leave us alone because there is *no* expectation of profit - which is what the sec cares about most (source: former sec attorney i hired in '17)

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