/biz/ - Business & Finance

>>8438381
It's 80% and i am down to 140k from 280k on JNT alone.

>>8438381
DId they ever let out how the tokeinzation is actually gonna work or are we still at 'just trust us guys"?

No fucking wonder this is the only thing down today lol

<tfw jnt is a tiny portion of my portfolio but stlll way bigger than your stack

>>8438453
You have 120k JNT?

if you've got a big portfolio there's no need to take that big of a risk imo

>>8438411
>No fucking wonder this is the only thing down today lol
are we seeing the same charts?

>>8438485

I have 350k and it isn't even 20% of mine personally.

>>8438411

What kind of new dumb FUD is that now? If your IQ is above 80 you'll see that is a very dumb question.

Do you guyys realize you all gamble on a 27 years old ARAB who still hasn't address the tokenization (the fundamentals) of this coin?

Do you realize that Talal hasn't update his whitepaper and hasn't posted his Medium post explaining everything

Do you realize that the 250M was just for the pilot of jCash and he even admitted that it wasn't towards the real project so BIG gamble

Do you realize he promised 2 big exchanges after ICOs and nothing is in there.

Do you realize that you are risking big and are playing into Arabs hand

I hold some but no way I am all-in you jibronis. I have dealt with arabs all my life, especially in commerce and 1 thing I have learn is to never trust them as they see non-arabs dumb and they are use every tactic possible to fool you especially playing with your 'LAMBO,MOON U GONNA BE RICH LEL'.

Don't fall into those telegram kids. Hold some but never all-in.

>>8438509
>literally every thread

They will call you names but they can never explain how it works.

>jcash not on exchanges
>banks are arbitrage between Jcash and Fiat
>how does Jcash have price volatility if it's not availabe on public exchanges

nobody knows just trust us

>>8438554>>8438554

>Fill in the blank spots to describe any coin in the crypto space you'd like to.

>>8438560

What exactly do you want explained? I just don't understand your question? Do you want to know how one acquires jCash? By buying it from the DAO with JNT, ETH or BTC. How does it have price volatility? It's supply is limited by the amount of offcahin backing (read: fiat in a bank vault).

I just don't understand what isn't clear about any of this? Did you get all your info from biz threads so far?

>>8438579
I hold a modest sum you jibroni brainwash kid. Why not address my points instead of believing being rich with Arabs?

pro-tip: You can't - and even if you were to try - you wouldn't even be able.

I will laugh all the way when your jibronis will be 3$ top and not your 1000$ EOY promised by your telegram autistic kids.

>>8438554
>this guy again
why do you spend so much time in jnt threads?
every time I open one I see you obsessing over talal's age
I'm starting to think you're invested in this otherwise you wouldn't waste so much time on it

>>8438624

3 dollars would be nice. I would be a millionaire just off of Jibs alone. :)

>>8438381
Nice try pajeet
No use case
>Tusd

>>8438665
I am, can't you read my post above. I am invested. I am not fudding but like in every project - you need to balance. Do I trust Arabs? No - Did I take a risk? Yes - Do I hold a modest sum? Yes - Do I think it will moon? No. Do I think it will go 100$-1000$? BIG no. - Am I here for a mere 2x - 3x of my modest sum. (2$-3$ top) Yes.

Unlike you kid, I don't Talal memes and hang on Telegram and keep on believing whatever a 27 years old ARAB who depends on daddy oil money tells me to.

>>8438612
literally every thread the same nigger asks that and we always respond and then he comes to the next thread asking the exact same question and pretending like he didn't just get btfo. obviously this kike holds jnt and is just fudding the best he can as a legit brainlet

>>8438612
No I've read the white paper, followed the reddit for 2 months, been on the telegram for 1 month, seen the Korea conference (yazan, talaal and donny T). and probably every other jibrel related video on youtube.

As I understand it, the whole point of the project is so institutional money can engage in onchain/offchain arbitrage. As I understand, the bankis will have a tethered token (Jcash) that will sometimes rise in value onchain, where they can sell it for a small increase when people are 'tethering up".

But, if there is no plan to release Jcash on exchanges, how the fuck are people going to tether up?

>o you want to know how one acquires jCash? By buying it from the DAO with JNT, ETH or BTC.

You're telling me it makes more sense from a financial institutions perspective to take you fiat, buy JNT, and sell it for Jcash? WOuldn't it make more sense just to give the banks Jcash 1:1 for fiat?

The JNT token seems completely unnecessary except to make the people offering the Jcash rich.

>>8438752
On/offchain arbitrage is not the only advantage. The general transaction properties of crypto namely speed and security apply. Also the easy application of smart contracts.

>>8438734
Except if you are larping, you clearly need to see a doctor.

>>8438734
I stopped reading your post after the first line because I've read too much of your garbage recently and you sound like a broken record.

>muh 27 old arab daddy oil money
literally every single thread

>>8438800
Right that's obvious to me as a crypto 'investor', but why JNT? Wouldn't any tethered token work and not require exposing your huge stack of cash to the volatility of crypto-trading pair while converting it?

why does every thread about jibrel end up with some faggot posting racist shit about arabs

>>8438752

jCash can be on exchanges, but only if the exchanges follow KYC/AML procedures. You need to realize that jCash is not intended to be a stablecoin but crypto-fiat. (Transactability of crypto with all the regulation of real money, from the boxmining interview you've supposedly watched).

Financial institutions can do exactly that, exchange fiat for jCash. The fiat will be stored in a bank (off-chain backing). JNT is burned during this initial minting porcess of the jCash CryDR, but it really comes in when the jCash is being transacted on the blockchain, because once that happens it needs to be backed on-chain.

This is btw what we are seeing with the SEED money right now. 250 million jAED will be made accessible, but since they aren't transactable on the blockchain yet, no JNT is needed to back it yet, so there is no increase in price (yet). For example, if the public had access to jCash already and the DAO was in place, there would be 250 million worth of jCash in the DAO right now. You could send JNT, ETH, or BTC to go into jCash. The ETH and BTC will be used to purchase JNT, because only JNT is used to prove solvency.
Now you have jCash and the DAO ensures it is always backed properly on-chain, while there is real fiat off-chain. If you want to stay in the crypto eco-system, you can always exchange your jCash for JNT with the DAO, in which case the CryDR stays intact and just changes users. Or you can cash out for real fiat directly, in which case the real fiat goes to your bank account and the CryDR is destroyed. In either case, the JNT goes out of the DAO (to you or to the market, depending on what you chose).

You can discuss the project all day long. Guess what it will do? It will keep bleeding...and recently hit its ATL in satoshis

>>8438928
That's all well and good, but why would banks choose this over any other stablecoin with proof of reserves?

>>8439070
If the other stablecoin has proof of reserves and is KYC compliant etc than their is basically no difference

>>8439070
Other stablecoins don't have a legal system where you can put assets on the blockchain.

>>8439110
Techically Jibrel doesn't either, and it's important that we remember that.

But even if they managed to hit all their goals and the DAO is functional, I still don't see a real reason for banks to be doing this.

I think I"m gonna sell a good portion of my holdings after the SEED money is realized. If they're able to get some real banks onboard I'll buy back in. It'll still be early in that case.

>>8438734
Define modest sum

>>8439070

Hmm, at this point it boils down to partnerships and Vitamin B I suppose. I'm fully aware there will be competitors offering similar services and Jibrel will not tokenize the world. But the asset market is huge, and even if Jibrel only gets MENA banks to use them (which it looks like right now) that would mean it's a great investment right now. Just don't be stupid and go all-in, but still realize that they have active partnerships and that there are high-level institutions giving them a lot of money. There's a reason for that.

It's just a game of wait and see now if they can fulfill all their promises.

>>8438882
>caring about "racism"
REDDIT

>>8439421
Vitamin Binance?

>>8439490

No, just knowing the right people at the right places. Vitamin B is a german metaphor for nepotism and Ikinda assumed it was universal, my bad.

The thing is, assets will be transferred over the blockchain one day, to an extent. When and how far it'll go is left to be determined. It will happen, no matter how many times brainlets ask why it makes sense.

There won't be a "world provider" of asset tokenization, that's for sure. The US will have their own system for example. Competition existing just means its a viable thing to do imo.

What really matters is market share. It doesn't matter if one provider captures market share somewhere right now, what will matter is how the landscape looks one year, 5 years, 10 years from now. That's when the dust will slowly settle and we will see who is doing what where. And I personally happen to believe that the MENA region will have Jibrel as their provider, and there is very good reason to believe that right now. Noone can argue that.

>>8439603
Too brainy
Go away

>>8439603
I don't agree with you.

>>8439603
>What really matters is market share. It doesn't matter if one provider captures market share somewhere right now, what will matter is how the landscape looks one year, 5 years, 10 years from now. That's when the dust will slowly settle and we will see who is doing what where. And I personally happen to believe that the MENA region will have Jibrel as their provider, and there is very good reason to believe that right now. Noone can argue that.
exactly my thoughts. oil money drying up and mid east power players are turning to blockchain hence dubai's 2020 aims. jibrel seems to be positioning itself to be the gateway. even if it's just the mena region (and honestly even if it's just dubai itself) that's still a huge project long term. i've invested about 10K into this and will be holding at least a year minimum before selling. it's likely i won't touch my jibrel stack until 2020 or even beyond. it's not unreasonable that jnt would go to $100 or higher by 2020 IF we get the adoption we're betting on.

>>8439737
Made me laugh. You win biz today.

>>8439873
yeah - I think the best idea is definitely to hold until 2020. I personally think more growth will come in 2019-2020 when the DAO is finished and we start seeing some more adoption and use of the platform.

That is when stuff should get really interesting.

>>8438554
This guy right here has a fetish with that arab Talal. Its like 50 shades of crypto.

Forget about that guy, this project has Don motherfuckin Tapscott, this team is not for crypto kiddies; these guys are all about real financial deals. They dont give a shit about your telegram group or your subreddit. Theyre gonna sit down with some big ass Sheikhs and Kasbahs and theyre gonna tokenize the fucking emirates. You know how many assets these arabs manage?

>Bow to your sensei

>>8438836
how would they run an ico without offering anything in exchange? here is you answer.
JNT will be given up on later on, on chain solvency will not be used. Bagholders will forget, everyone's life will continue.

>>8438928
>but it really comes in when the jCash is being transacted on the blockchain, because once that happens it needs to be backed on-chain.

lol good joke. Why wouldn't it work with only off chain backing? tether works that way and it's 10x more shady, similar solution with proper audits and transparency would work perfectly fine. Prove me wrong, I'll wait.

>250 million jAED will be made accessible
let me know when that happens.

>>8439110
KYC wallets wrapped in a fancy term of "smart regulation" lmao
No serious government will ever acknowledge erc20 as a national currency.

>>8439276
I'll tell you the harsh truth
First the fanboys tried to push the "arbitrage" BS, but of course they got btfo by their beloved team finding out that jcash will never see exchanges, so now they try to push the "crypto property" agenda. But like I said, it's gonna get shut down like Libery Reserve or it will never get started, they kicked the can down the road promising their bagholders a banking license.

>>8439603
>The thing is, assets will be transferred over the blockchain one day, to an extent.

It's gonna take years. Imagine how sceptic governments are. There is no infrastructure to support that right now. Ethereum got congested with some stupid game, let alone a shitload of transactions with tokens as real money.
It will happen 1 day, but it's gonna be done by the governments, not some Delloitte interns lmao. Years and years need to pass for that to happen anyway.

>>8439603
there is a small chance that they will get their arab buddies to hype up their project, but even then. They will ride jnt pump a few times knowing they will tokenize beforehand and quit this shit when they're done.

>>8440196
this is either pretty shameless fud or youre pretty fucking stupid

>>8440229
thanks, I'll take it as capitulation

>>8438381
Volume is at 2 million on bibox and sell orders are getting demolished. Feeling comfy with my 42k Jiblets

>>8440196

Oh man... you again. You're probably the most autistic person on this board. It speaks volumes when you are instantly recognizable in every single JNT thread. From that I also know that it makes no sense arguing with you. You are literally contradicting yourself in your post. And when you're not contradicting yourself you're ignoring blatant facts. But no matter how much you fuck up, how many times you get BTFO in every single thread, you just refuse to listen and instead just claim that you "had to go to bed" or whatever. It's time to let go, man. You hate Jibrel for whatever reason, I don't care why. Just answer me this: Why do you spend your time like this on biz when you aren't invested? What's your fucking agenda?

>>8440332
wtf are you talking about? I rarely even post, let alone about Jibrel, it's my second time probably but I read many debates and know about it enough to have you bagholders cornered like aggressive dogs it seems.
You must be really deluded if you see the same person everywhere, but it only makes me even more confident that I'm right if other people bring up the same points.

Address my points, why won't you do it? Oh right you don't want to spoonfeed me, you're afraid I'll like the projet, buy it and become rich? Don't worry I'll leave it to you guys.

I actually felt sorry for you, all of you.

>Hurr durr let's create a system that garantees profits whenever we tokenize soething
Sounds like a money printer, what a wonderful solution! I'm calling bitconnect HQs, they could learn a thing or 2 from Jibrel.
It allows insider trading like nowhere else, it's not solvent, 1 day it would just flop so they would have to go for their offchain assets exposing themselves for running a literal ponzi
I don't know where you're all from but any half-serious government will shut that thing in a heart beat

>>8440440
this

>>8440331

99% of bibox volume is bots. it's 10x worse than other exchanges (which are already almost all bot trading). almost no humans trade on bibox. just feeless scalping and wash trading.

>>8440440
How can we address your points if most are grandiose statements, opinions or just wrong. We've said how JNT works. You just say that it won't work and we're like okay well we disagree. Where should the conversation go next? Do you want us to repeat ourselves?

>>8440513
It's still free money if you just copy the bots.

>>8439894
>le you won teh internetz haha xD
leddit go away

how many jibbies to make it
please help i only have 10k now

>>8440513
>ai enhanced exchange has bots
really made me think

>>8440646
That's probably enough in a few years.

which one should i drop at an absolute fucking loss
>vechain
>waltie
>posw
>xrp
i kind of want more jibbies but it hurts

>>8440561
Ok then. I'm happy to see people like you not even trying to look at this thing outside of the emotionally attached holder perspective. The tears will be more precious later on.

>Oil prince bought a shitload of JNT and wants to tokenize his bags of real money to pump his shitcoins
>knocks on jibrel's doors
>wusup Talal, where can I leave it for tokenization?
>oh, umm, put it there, yea yea, under the wall, next to the trash can, we will tokenize it later

^that's how it's gonna look like, no banking license, no future, no nothing, only growing anger and impatience amongst telegram desperates

>2018 Q3
>So guys due to harsh regulatory environment and unpredictable events we are forced to, change the direction our project is going, tokenization of assets was a very abmitious goal, but we have to postpone it unfortunately, also the JNT token didn't get to serve its role but don't worry we will swap you some different shitcoin next year.
>Thanks for the ico guys, take care

The funniest part is that other shitcoins aiming to do the same will get further because they don't even try to be compliant, they know it's all gonna get regulated to hell so they act while they still can. Jibrel Delloitte interns will try their best and get fucked the most at the end, while Tether boys and the rest of stable shitcoins are going on full steam

>>8440440
Ah now we have reductio ad bitconnectum. As if "arabs" wasnt enough.

You do realize this is a /biz troll as Jibrel will never be worth more than a $1. It's literally a copy of tether. Weak shilling and trolling daily from these morons.

>>8440827
You do realize that what you are saying is bullshit and a 5 min read will prove your shitfud wrong

>>8440827
Thanks for warning to never invest in. I am well aware that biz is a strong community, people always help each others.

>>8440795
This comment made me laugh because for one that's not how JNT even works. The price of it is pretty much irrelevant for those who want to tokenize their assets. So they won't be pumping or dumping the coin. But they will be adding upward momentum. And it's funny that you're saying that pretty much every shitcoin is going to moon while this one fails. In reality it will probably be the exact opposite. Vaporwave shit coins had their place and that was in 2016/2017. Now it's time for the big boys like JNT to take over.

>>8440827
this is actually a legit funny larp but look here >>8440868
jibrel fans have no chill, cannot even take a simple friendly banter.

>>8440795
Another wall of text with nothing constructive in it.

Furthermore i am really interested in the following question by this anon...>>8440332

>Why do you spend your time like this on biz when you aren't invested? What's your fucking agenda?

>Cognitive dissonance
This is sth you should research too

when is the Binance/Bittrex/Bitfinex listing guize?

where is the application in progress picture guize?

>>8440904
again, feel sorry for people like you.
Do you see ghosts at night too?
>LEAVE JIBREL ALONE!!!
I just decided to tell the harsh truth that I gathered reading your delusions. Thta's it, but hey, I can leave if it bothers you so much, it's going down regardless of what anyone says

>>8440937
When binance
When banking license
When DAO
When tokens
When announcement
When jcash
AM I REKT
WHEN CAMMEL
etc

>>8438737
>He is fudding so he must be holding it himself

you know a project is trash when a PwC audit is a main selling point

Why do these jibrel posts just go round and round in circles day after day? Any info you want is on the FAQ section of their website or the whitepaper. You don't believe they can pull it off? Fine, forget about it and move on. So many people clearly haven't understood the purpose of the coin yet think they're geniuses for pointing out some imagined flaw. People are tired of explaining the basic point of this token. Maybe I'm just being baited and everyone in these posts owns JNT anyway.

>>8441038
because the shilling points (muh proof of solvency) literally aren't mentioned in the whitepaper.

>>8441027
WHOA!!! PARTNERSHIP WITH PWC
last time I had a plumber fix some things in my appartament, I gues we're PARTNERS

>>8441069
actually funny thing is that the WP is pretty vague, but bagholders will always give you the
>read the whitepaper
excuse, hoping that things they cannot explain will be there

>>8441069
I am so tired of this

>>8440646
that's probably minimum amount to make it in a few years. if possible i would shoot for 15K

>>8440986
"Sorry for us" ?
So you are an altruistic guy on an imageboard on Finance? :^)

You are just a poor guy spending hours on biz fudding because you have a poor life.

The best thing I could do to destroy a shitty coin is leave people in, still make them think they are doing right and see them crash. Intense fudding make the reverse reaction but i dont you are enough smart to understand that.

>>8441069
This. There are so many different claims about the project (korean banks, binance listing, new website, etc) that is hard to keep straight what came from the team and what's made up shilling.

JNT is a stablecoin, it's a stablecoin with a ponzi attached. It's a really good idea to sell at an ICO but I really worry about adoption.

>>8441137
>You are just a poor guy spending hours on biz fudding because you have a poor life.

>t. I hope he is a poorfag or leaves with his parents since he doesn't like my coin hurr durrr
oh boy do I feel even more sorry now.

>The best thing I could do to destroy a shitty coin is leave people in, still make them think they are doing right and see them crash. Intense fudding make the reverse reaction but i dont you are enough smart to understand that.
I literally just pointed out truth, believe me or not, I don't care about your well (or bad) being. Maybe you never felt the need to point out flaws/scam. I sometimes do, today was that moment
but ok, I'm done,
I LEAVE JIBREL ALONE!!! you're safe

>>8441119
where does "proof of solvency" fit in here? This is their self-described business model

>>8441195
A biztard literally admitted fuding JNT on biz and reddit (and maybe elsewhere) to accumulate. Posts are even on reddit.

Imagine the life of these people. Sad.

>>8441195
>truth
Kek

>oil money running out
>mid east power players desperate to find the next best thing
>example being dubai super city boom
>crypto is on their radar
>dubai wants to be first government run on blockchain by 2020
>hmm wonder how all those rich as fuck arabs can get institutional wealth on chain?
>if only there were a cryptocurrency with the transactional properties of the blockchain but without any of the extreme volatility
>if only tokenizing institutions could somehow make money by going on chain
>if only the inventors of that crypto were already in talks with major players in dubai and were already piloting their tech in dubai
>i bet the entire MENA region would adopt that coin sending it to the fucking stratosphere by 2020 and beyond
>if only i had 32K of that coin with a paltry 10K investment
really gets the neurons firing, oh well back to shilling link

>>8441195

Thanks, good riddance.

Just follow the big money boys. These armchair intellectuals are sitting here smug af thinking they've figured out something that billionaires and their paid analysts have overlooked. I for one will trust the people who chose to invest 250 million fucking dollars over some NEET playing around with mommy's money

>>8438381
Or you could just get into a real coin like Sky or Nuls

>>8441152
>It’s a stablecoin

>>8438381
Looking forward to the medium post, lots of good things ahead.

>>8441195
>I literally just pointed out truth, believe me or not.
Cognitive dissonance once again

>Everything is right and i have to prove myself everyday on an imageboard in a shitcoin thread which is nothing else than shit, that's why i waste 5hours a day discussing it

>70% into an altcoin

>>8441389
mant to say NOT a stable, its a stablecoin back by a ponzi-- they pointless chicanery of on-chain solvency. BUY OUR TETHERED TOKENS TIED TO OUR DEFLATIONARY BACKEND TOKEN__ WHEN YOU BUY WE GET RICH.

I think banks might start follow JIbrel's lead and start issuing their own crypo-fiat wither proven reserves. Sell half on exchanges. and then dump when the price is above $1, and buy when the price is below $1 with absolutely 0 risk.

>>8441469
>Arabs want to make NEETs rich

Scambrel network, enjoy the bags

>>8441221

>moving the goalposts

You just got BTFO. Instead of reconsidering and apologizing you just keep going. Your arrogance and ignorance have been duly noted and made fun of, anon.

>>8441221
Note it says "high level" process. They are not going into exhaustive detail like you want. JNT fits in between step 1 and 2, jFIAT is bought with JNT. Which is then locked up by the DAO and additional JNT is bought or sold to ensure the value of that jFIAT is covered.That is your proof of solvency.

>>8441791
Moving the goalposts? This is the literal purpose of the project my guy.

>>8441863
This is the problem. You have a come up with something that makes sense for the team. There is no documentation that from the team the shows that it works this way. This whole project (and assumption made by you) runs on the assumption that financial institutions are run by retards.

Daily reminder MakerDAO already has a stablecoin, DAI.
DAI will have multi-collateral by Q2 and will be listed on numerous exchanges.
Making your precious little JNT a worthless grain of sand.

>>8442179

Daily reminder that DAI and jCash are not supposed to compete. How is a collateral backed crypto-stablecoin the same thing as crypto-fiat/assets?

Go away until you are educated on both coins, child. :)

>>8442152

You claimed proof of solvency is not in the whitepaper. Someone disproves you handily, outing you as a retard. But you just keep going instead of considering this fact for a second. Speaks bound about you as a person, pretty obvious you're not a very smart individual. :)

>>8442179
Congrats you invested in the Pajeetist coin I've ever seen.

>>8442152
Follow the nice little arrows. This is how the system works, straight from the team. No assumptions necessary.

>>8442285
Particularly arrows 3 and 4 if you need a little more help.

>>8438381
Medium post coming this week.

>>8442285
So this is what a $30 million team put together? Who would buy this bullshit?

You realize the asset providers contribute assets directly to the "Jibrel AG Fund" directly without JNT right (9)?

(3) and (4) still don't show the "proof of solvency" I asked about

> 100x eom

>>8442418
Then we can stop with the non sense speculation. This medium post will clear up a lot of uncertainty

>>8438381
>Sandniggercoin

>>8442553
>he thinks fud will stop

>>8442672
I don't care about FUD.
1) this shitcoin isn't aiming NEETs nor pajeets from /biz/
2) complex stuff is always getting fudded...it is rasiert to FUD sth than to understand sth and furthermore everyone has his agenda to accumuluate more

But at least the random walls filled with text about the process will be gone

>>8442481
...Yes they contribute directly to the fund? That is the offchain backing (audited by PwC) and the DAO/JNT provides the onchain backing. How do 3 and 4 not show that? It shows JNT being held in the DAO and CryDRs (jCash) being returned? I'm done here, lets just agree to wait and see how this works out. I'm going to be lazy now, but if you think you've spotted something that Don Tappscott, CZ, Da Hongfei, Zuiter and a Sheikh's fucking investment fund haven't then well done. Maybe send a CV their way

https://www.youtube.com/watch?time_continue=15&v=IcT4-ddkgqc

>>8442961
Asset tokenization is absolutely the future, and this sector has the most lucrative opportunities in crypto right now. Goddamn I'm excited.

>>8442961
Damn Jibrel is definitely on the right track. People who want to FUD JNT, go ahead. Just please do not an hero when the market cap steadily climbs over the coming years.

>>8442961
holy fuck

>>8442961
Get rekt Jibronis.

>>8438381
is link fags moved to jiblets. y so many shilling jiblet thrds

>>8443563
why? It clearly shows the asset coins make sense due to increased liquidity.
IMO asset coins are much valuable than smart contracts. Ofc smart contracts enable it but the mcap lies in these asset tokens while smart contracts is just an enabler.

>>8442961
This sounds massive. Notice there no fucking "proof of solvency" token my guys?

>>8438381
Fuck traitors. If you buy this, you are supporting muslim takeover of the western world

>>8443745
Because it id an entirely different project than jibrel? Jibrel allows the exchange of tokenized assets, it isnt in and of itself a tokenized asset

>>8443645
because it shows that there is no use for a middleware/rent-seeking token like JNT

>>8443772
Western world is hella gay im buyin the shit out of this China and MENA number 1 down with usa and europe you fucking cheesy edgelord who gives a fuck u triggered as fuck

>>8443835
lmao
We'll fuck you up, kid. Your oil will run out in the next 10 years, then you'll be in a worse state than africans. Oil is literally the only thing propping up camel fuckers.

>>8443926
Bro ur president decided to reinvest in coal when china went all in on green energy and blockchain u fatass inbred burgers are stupid as fuck your economy is way over leveraged on debt and your political parties have you pitted against eachother instead of working on healthcare/infrastructure or any of the other issues plaguing the usa.. china has been playing 4d chess with you guys for years and the constant focus of americans with masculinity and lgbt issues attests to the fact that your empire is in decline

LOVE MY JIBRONIS

>>8443926
when states start getting worried about the emasculation of men, it isnt because men are actually getting emasculated, but rather because that state is declining. USA is on the downtrend and thats not hard to see unless youre a dumbass nationalist who thinks the usa is gods gift to the world

>>8443820
Bingo.

This is why Jibronis are rekt by this news, and everyone in this thread is like:
>WOW HOLY FUCK

average JNT investor has 60 IQ

>>8444023
Youre a damn dingus dude jnt isnt an asset backed token at all - it isnt a security...

Its a platform which allows tokenized assets to be exchanged and interfaced with. It allows institutions to gain liquidity from assets they own and benefit from arbitrage among other things

>>8443820
Jibrel is a platform that allows the exchange of tokenized assets, it's not the same thing as purely tokenizing assets. Proof of solvency makes perfect sensenin the first case.

>>8443581
its another nano pump and dump type deal where its only traded on low volume pajeet exchanges so it can be easily manipulated by a couple arab whales

>>8443977
>>8444015
> your empire is in decline
Kek sure bro keep telling yourself that while the USA still has more military bases than the rest of the countries united.
Also you're a fucking retard thinking that China will treat you better should they become the #1 global power. China hates sandniggers way more passionately than the USA. They would exterminate you like rats if you dared do anything like 9/11 on their soil. Same goes with Russia. You're a pathetic little inbred people who will always need the protection of a superpower to survive.

>>8444131

>>8444074
that may be true, but why is the token necessary?

>>8444131
Lol ok dude keep shoutin usa number 1 all the way until the next economic collapse in 5 years or so... united states really looking good lately lmao u americans r something else..

China knows they arent going to becme a global power theough their military, all the united states has at this point is their militsry. The fact they havent diversified any spending from their excessive military bill shows that they know their militsry is the only thing they really have...

The world is changing dingus, ur boy trump looks like a damn dumbass compared to the rest of the worlds leaders

>>8444188
JNT is used as fuel for the network and goes back to the dai upon consumption. The dao prevents price manipulation and crazy spikes you see in btc/eth. You need a closed system to do this so the dao can have sufficient oversight and tje price cant be manipulated in the same manner most other coins in crypto are. Its a sort of decentralized centralization that is necessary for the service.

https://www.khaleejtimes.com/business/banking-finance/bridging-the-gap-between-traditional-and-crypto-economies

read that faggots

>>8444131
Only a country in decline could genuinely elect a moron like trump. Take off your Nazi glasses and watch him talk for just 5 minutes. I don't know how anyone can ever think he was a good idea. It's just too clear that he's a dumb as a bag of rocks.

>>8438554
First good advice iceberg gotten after lurking /biz/ for a few weeks now thanks

>>8444188
> China knows they arent going to becme a global power theough their military, all the united states has at this point is their militsry.
Then who is gonna become #1 superpower and dethrone the USA? Saudi Arabia? Kek, there are only two choices for the next century: USA and China. Russia is in third place by far behind these two. Nobody else is even remotely on the map.

> The world is changing dingus
The world is not what it used to be mmm nonono

> ur boy trump looks like a damn dumbass compared to the rest of the worlds leaders
Sure, that's exactly what he wants you to think. It's so funny to see all these mighty world leaders grovel in front of a TV star they all believe is a moron. That's the power of the USA

>>8444267
>pajeet times

>>8444244
agreed, this is what the whitepaper says. But the shills have claiming participants have to hold the the assets to be tokenized + lock up an equivalent amount in JNT as "proof of solvency", which is fucking retarded.

>>8438734
What do you think think about LTC?

And what would you recommend a newfag invest in?

>>8444306
lol wrong anon my guy

>>8444310

>>8438882
Holy shit this, racism is so fucking retarded.

Will I make it goys?

>>8444412

>>8444306
trumps hypernationalism and ridiculous america-first shit isn't indicative of a functioning capitalist democracy, but one in decline.

any time you have a nationalist like that assume power it indicates a crisis, not prosperity.

the same could be said with a hard turn to the left, if the USA had elected a socialist, it suggests the country is in decline (or at least crisis) rather than being indicative of any sort of prosperity.

the fact that the 2 most viable candidates were a socialist and nationalist in the last election should make it clear that the USA's affluence is on the decline

can you buy jnt on binance

>>8444372
JNT is locked up by guarantors but it is "released" or whatever when that asset is transferred IRL. It serves as the intermediary or vessel in which value is transferred in the cryptoeconomy.

otherwise i could buy a tokenized asset from you, and i spent real money on that tokenized asset, but because that asset isnt solvent (which in this case meaning it is redeemable for JNT) - then there is no actual value attached to that asset.

When I actually possess the tokenized asset in real life then the JNT that is locked up goes away because solvency is no longer required any longer.

There isn't really a way to do this without have this sort of closed system since value is being transferred within 2 separate economies.

>>8444448
quintuplets of truth on motherfucking truth bitch suck me

God Bless America, God Damn our Enemies.

It's 100% of my portfolio.

>>8444131
Holy shit, pol in a nutshell. It's not even funny guys, it's just sad how easy it is to brainwash immature mind.

Anyone who doesnt understand why jnt is needed and why it cant just be 1:1 doesnt understand economics or how crypto and fiat need to interact in tokenization.


"A dedicated token is needed to power the Jibrel Network in order to establish equilibrium / duality in the system. Jibrel maintains an off-chain portfolio of assets and the Jibrel Network Token is used as a medium between on-chain and off-chain value.

A tethered token cannot be backed by ETH or BTC, as they are too volatile. If Jibrel were to issue tethered tokens and hold ETH or BTC, it would be susceptible to market / credit risks.

In addition, JNT is consumed in the network as ‘gas’, ensuring a steady stream of JNT is recycled back to the Jibrel DAO."

>>8444810
So JNT is useless? Ha, told you so.

>>8444810
why does it have to be 1:1?
what if it's 1:10 because NEETs can't become rich off of this
(1/10th of JNT market cap represents the full assets tokenized)

>>8444869
because it needs to be solvent? you expect your bank to be able to cover your withdrawals with you want money from your account right? it is the same concept

>>8444869
imagine if a bank could only cover 1/10th of the assets it holds.. that wouldn't be ok and thats exactly how banks fail

>>8444967
kek that's exactly what banks do. legally they only need a 0% to 3% reserve ratio

>>8444967
the absolute fucking state of JNT holders

>>8438406
lol "no comment"

>>8444967
That's what banks do. You are a fucking retard

>>8445153
Everything in the market basically halved in that time period too.Jnt held up as well as anything.

>>8444967
Youre misguided here on your example but you are right.

While >>8445198 and >>8445039 are right that traditional banks only need to account for a percentage of their total assets, Jibrel needs to account for all of them because you are dealing with two separate economies.

It is absolutely essential that tokenised assets contain some sort of underlying value in that tokenized form, without that they would have no actual value.

That is why it is necessary for JNT to reflct the value of all assets. If those assets were just sitting around and not being traded then yeah, the market cap could be 1/10th of the tokenised assets. But because these assets are tokenised to be traded, it is essential that the tokenised assets are underwritten with some form of value until thwir tokenised versions are redeemed for the real thing.

>>8445497

If you think banks etc are going to start using this shit you are beyond delusional

>>8445497
Double down investment + pledge just for arbitrage reasons. Let's see if the demand is excisting

>>8445537
>>8445583

>>8445537
You have the foresight of these guys

1876: “The Americans have need of the telephone, but we do not. We have plenty of messenger boys.” — William Preece, British Post Office.

1876: “This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication.” — William Orton, President of Western Union.

1889: “Fooling around with alternating current (AC) is just a waste of time. Nobody will use it, ever.” — Thomas Edison

1903: “The horse is here to stay but the automobile is only a novelty – a fad.” — President of the Michigan Savings Bank advising Henry Ford’s lawyer, Horace Rackham, not to invest in the Ford Motor Company.

1921: “The wireless music box has no imaginable commercial value. Who would pay for a message sent to no one in particular?”

1946: “Television won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.” — Darryl Zanuck, 20th Century Fox.

1961: “There is practically no chance communications space satellites will be used to provide better telephone, telegraph, television or radio service inside the United States.” — T.A.M. Craven, Federal Communications Commission (FCC) commissioner

1966: “Remote shopping, while entirely feasible, will flop.” — Time Magazine.

1981: “Cellular phones will absolutely not replace local wire systems.” — Marty Cooper, inventor.

1995: “I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse.” — Robert Metcalfe, founder of 3Com.

2005: “There’s just not that many videos I want to watch.” — Steve Chen, CTO and co-founder of YouTube expressing concerns about his company’s long term viability.

2006: “Everyone’s always asking me when Apple will come out with a cell phone. My answer is, ‘Probably never.’” — David Pogue, The New York Times.

2007: “There’s no chance that the iPhone is going to get any significant market share.” — Steve Ballmer, Microsoft CEO.

>>8442961
this is actually kinda cool
I'm not sure why people are saying this is good or bad for jnt when there aren't a lot of details yet

at the very least this shuts up the people who keep saying 'why would anyone tokenize assets'.

>>8445705
Why wouldnt it be good?you think one company will tokenize the whole world?Do people bank with just 1 bank in the entire world?It shows this shit is the future.

>>8445738
I don't think that, I just don't like jumping to conclusions

>>8444448
US dollar is losing value. Crypto backed banks are the only thing that can save the country. The future will be a war over which countries will have the most tokenized assets and value in those tokens. You see it no with chink coins vs american coins.

>>8441379
agreed

>>8445916
Eh, not really. In this imaginary war of yours the winner would be the country with greatest reserve of natural, human and technological resources. Not who owns the most shitcoins.

>>8438381
If anything is 70% of your portfolio you're not gonna make it.

>>8446098
That's where you're wrong kiddo

Someone reassure me! This thing is doing fuckall.

>>8446341
What are you, 15?

>>8446341
its doomed market sell now.
screencap this, this is the moment before you lose all your money, etc

>>8446846
kek

his 20jnt sell just went through

>>8445537
>>8445583
looks like you both got btfo'd by >>8445599
.. no response

>>8444967
Read up on the banking system my man

>>8447445
fractional reserve'd

>>8441021
>fudding every jnt thread with the exact same argument
>clearly doesn't hold jnt guys, r-right?
how new are you?

even reddit is catching on.Be quick guys.

https://www.reddit.com/r/CryptoCurrency/comments/85k8ua/ico_assetbased_coins_will_eventually_replace/

>>8438381
>>8446098
>be me
>have 71% Joobrel Neetwork portfolio
>it goes 10000x
>don't make it
>mfw

>>8442179
maker sucks

https://twitter.com/BryceWeiner/status/975247271850795009

>>8448442

Jibrel Network: Tokenizing Tokenization

>>8448442
Notice Jibrel is the only potential “solution” using this bullshit “proof of solvency” concept

>>8449284
freakin out ^^

>>8449284

I explained today in the telegram why having on-chain backing via JNT is necessary. Why don't you hop on there so we can have a discussion. Just reply to my posts. Or are you too scared to have a face to face discussion?

I understand anon, acting smart and tough on an anonymous board full of retards like yourself makes you feel very strong. :) Keep it up, champ.