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4727156 No.4727156 [Reply] [Original]

This coin seems to be all over the place... /Biz/ how much are you holding? when are you going to sell, keep, ect...

>> No.4727183

obviously oversold
going to moon eventually, definitely get in before you're too late

>> No.4727348

>low marketcap
>bittrex listing soon
>app release soon
>solves major credit problem
> patent pending

can't go wrong

>> No.4727372

>>4727156
Blockmason is an ERC20 token.

ERC20 is the token standard of virtual assets deployed on top of the ethereum blockchain. Ether is still needed to transfer these tokens. Ethereum is inextricably tied to all ERC20 tokens, and thus transacting with ERC20 tokens is fundamentally the same as transacting using Ether. There is no practical use for an ERC20 token that benefits the user, ERC20 tokens cannot have any features that do not already exist on ETH, and ERC20 tokens only act to lock consumers down to their platform. Therefore, there is no reason for ERC20 tokens to exist in any capacity, and all tokens are borderline scams or money grabs, without exception. We do not recommend investing in them. Please exercise extreme caution.

>> No.4727486

>>4727372

Building the Credit Protocol on Ethereum wasn’t a no-brainer for the Blockmason developers. We struggled with the decision of whether to use Ethereum, to customize Ethereum or another blockchain and run our own chain or to start from scratch. There were various trade-offs no matter which option we chose, but ultimately we settled on Ethereum. While we still are open to at some point shifting the Credit Protocol to a different chain or rolling our own, the main thing that helped us make our decision to use Ethereum and keeps us on Ethereum to this day is the potential for gigantic network effects.

There is a very large amount of developer resources being thrown at Ethereum currently. Whether it’s the various ICOs (hopefully) building their projects on Ethereum, the Enterprise Ethereum Alliance or other companies doing more traditional startups using Ethereum, Ethereum is going through a massive onboarding process and it’s not simply individuals buying and holding Ethereum. The scale of development and what’s happening is unprecedented. Bitcoin never got close to this kind of attention development wise.

>> No.4727516

So how does this all help Blockmason and the Credit Protocol we’ve built? One example is when people start storing identity information on Ethereum, that information could be incredibly important for specific credit applications. That information can be used to determine the eligibility of someone that will be given credit. It also makes it easier for less sophisticated entities to give out loans, because now they don’t need access to specific credit checks only offered by big corporations. Instead they can simply apply an algorithm to information that is easily accessible.

>> No.4727527

It got pumped and dumped before so i kinda lost faith in this project. might get another pump with app release/bittrex.

>> No.4727713

>>4727527
easy short term hold ever