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

Pad · 05-11-2023, 04:47 AM

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 · 05-11-2023, 06:51 AM

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

Pad · 05-11-2023, 07:01 AM

Quote:

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

Pad · 05-11-2023, 08:33 AM

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)

05-11-2023, 04:47 AM	#1
Pad elephants dont swat flies Industry Role: Join Date: Aug 2003 Posts: 1,173	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

05-11-2023, 06:51 AM	#2
el_mago So Fucking Banned Industry Role: Join Date: Sep 2017 Posts: 353	Seed invest0r here. Where do I signup to throw away my money/crypto?

05-11-2023, 08:33 AM	#4
Pad elephants dont swat flies Industry Role: Join Date: Aug 2003 Posts: 1,173	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)