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File: 33 KB, 678x381, oil.jpg [View same] [iqdb] [saucenao] [google]
21344443 No.21344443 [Reply] [Original]

We need a goddamn oil based cryptocurrency and it's ridiculous we don't have one.

>> No.21344472

>>21344443
You can tokenize money, you can tokenize contracts.

You can't tokenize a physical asset.

>> No.21344475

>>21344443
who is gonna enforced it you brainlet?

>> No.21344505

>>21344472
There's no reason you can't tokenize a physical asset. Stop being so narrow minded.

>> No.21344609

>>21344443
DIGITAL OIL

>> No.21344794

>>21344505
enlighten us how.

>> No.21344863

>>21344794
The same way makerdao tokenizes usd into dai.

>> No.21344901

>>21344472
Dumbass. Tezos is tokenizing real estate property. Go back to plebbit you retard.

>> No.21345410

>>21344901
imagine getting hacked and then they moved into your house lol

>> No.21346003

>>21344794
X number of oil-cryptocoins can be swapped at any time for ACTUAL OIL. Delivery would work similarly to how delivery would work if you actually bought oil using a futures contract.

https://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contractSpecs_futures.html

>> No.21346016

>>21344443
>You can't tokenize a physical asset.
what are futures faggot?

>> No.21346026

Only a yank would think of something so autistic in 2020.

>> No.21346041
File: 194 KB, 378x480, 1518367683_EvergreenVerifiableFlyinglemur-max-1mb.gif [View same] [iqdb] [saucenao] [google]
21346041

Holy cryptocurrency is better than oil cryptocurrency
Does anyone WANT to become a millionaire off crypto this year?
IT'S NOT TOO LATE! Hop onto Uniswap and grab the holiest of cryptos $BRJ @BullRunJesus
bullrunjesus.com
#StayHoly

Buy $BRJ and CHILL, cunt

>> No.21346911

>>21346041
That doesn't have anything to do with oil you retarded pump and dump chump

>> No.21346983

>>21344443
You can trade oil futures contracts on ftx
https://ftx.com/#a=KanyeWest

>> No.21347089

>>21344505
>>21344863
>>21344901
>muh tokenize
every crypto/token is a fucking scam you naive retards. there's absolutely no value behind it. tokenize my fat uncircumsized dick

>> No.21347300

>>21346983
I don't want to trade futures, I want a goddamn oil based cryptocurrency. If I wanted to sit around playing with futures or investing in one of those ETFs that tracks the price of crude oil I could already do it. An oil based cryptocurrency would be completely different!

>> No.21347996

>>21344443
iExec rlc

>> No.21348641

>>21347996
Why are people calling it digital oil? It has nothing in common with oil.

>> No.21348697

>>21344443
The best thing I could think of is a token with a contract that burns/mints tokens based on the current price of a barrel of oil, which would unironically be done using chainlink.

>> No.21349027

>>21344472
Coinmetro is releasing a securities platform that will allow that. Don't miss out.

>> No.21349527

>>21344472
>he doesn't know about Tezos
>he doesn't know about DMG

>> No.21349601

>>21344443
Ooooh, close one.

You could create a chainlink adapter to put WTI on the blockchain?

>> No.21349639

>>21344472
>He doesn't understand blockchain logistics.

>> No.21349774
File: 605 KB, 800x800, iExec_oilfield.png [View same] [iqdb] [saucenao] [google]
21349774

>>21344443

Get digital oil

>> No.21350004
File: 564 KB, 1024x768, digital_oil_pump.jpg [View same] [iqdb] [saucenao] [google]
21350004

>>21344443
My brother... Ever heard of digital oil?

>> No.21350231

>>21349774
>>21350004
Why do they even call it digital oil? It clearly is NOT DIGITAL OIL!!!

>> No.21350366
File: 200 KB, 375x523, decentralized_land.png [View same] [iqdb] [saucenao] [google]
21350366

>>21350231
It clearly is digital oil, since Ehereum (and other blockchains) are machines and you need oil in order for the machine to run efficiently. Since RLC scales anything.

>> No.21350467

>>21350366
This doesn't make any goddamn sense.

>> No.21350548
File: 301 KB, 570x451, digital_oil.png [View same] [iqdb] [saucenao] [google]
21350548

>>21350467
STAY POOR OR BUY DIGITAL OIL

>> No.21350573

>>21344443
>what is USDC
>what is BUSD
>what is USDT

>> No.21350646

>>21350573
Those are dollar based cryptos you fucking retard. The dollar doesn't move in tandem with the price of oil you god damn dumb bastard!