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/biz/ - Business & Finance

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2010260 No.2010260 [Reply] [Original]

https://www.youtube.com/watch?v=wAJn8rHge9c

I can't even understand what this thing is supposed to be or what it does.

Is it a scam or am I just retarded?

They talk about buying currency and using crypto to buy colored coins that correspond to USD.

What's a colored coin anyway? Why wouldn't I just use coinbase? What is the point of these weird intermediate steps? Am I even getting what they're trying to say?

>> No.2010277

>>2010260
>shit mic
probably scam

>> No.2010285

>>2010277
>colored coin

Basically what wavesplatform does. Like tokens that represent other currencies on your platform.

Anyway Exscudo isn't a scam, but it's a terrible project run by inexperienced devs looking for a quick buck. I read through most of their Bitcoinwalk thread and it's only being funded by delusional pajeets.

Stay clear anon. Their ICO is a complete flop (wanted 30k+ BTC, barely got above 1k)

>> No.2010297

>>2010285
>tokens that represent other currencies on your platform.

So it's like a jankey bootleg version of forex?

>> No.2010305
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2010305

>>2010260
The third guy makes it horribly obvious he is reading off a cue card.

>> No.2010315

>>2010297
Eh, it's far more efficient than traditional forex markets. You put your USD onto the platform via a gateway and recieve USD tokens on the exchange. You can then trade between USD and various currencies with virtually no fees for as many times as you want, and then transfer them back out into USD via the original gateway. So in essence you can make thousands of trades while only paying fees twice (transferring in and out of the platform)