Tuesday, November 23, 2021

The Perfect Cryptocurrency

What would the perfect cryptocurrency look like?

(DISCLAIMER: I'll eventually tell you, and offer proof. But to discover evidence, you'll have to work, because providing links will automatically delete this post. So please keep an extra browser window open, to keep me honest!)

Imagine a coin that is completely decentralized; every token in existence is owned and controlled by the Community that supports it. The supply is fixed. No more coins can ever be created; the minting keys are burnt. As a result, the price can't be controlled by developers, or a foundation, or a vesting schedule, or some sort of computer algorithm; instead, intrinsic value is determined by old-fashioned economics - supply and demand. It would have to be cheaper than bitcoin and faster than ethereum; in fact, it would have to be demonstrably better than any other top ten coin. In summary, it would be the purest, fastest, cheapest, most-democratic medium of exchange the world has ever known, and it would be all that right now - in the year 2021.

Now, the problem with such a cyrptocurrency is no one would actively develop it; there's no fiduciary interst in simply creating coins, then releasing them. No one ever got rich, or even kept their job, by wasting resources. But what if the special circumstances of a black-swan event compelled the developers to make decisions they wouldn't normally make?

Well, they did.

And what if those decisions inadvertently created a coin with no owner, no foundation or governing body, no one who could or would manipulate the price?

They did that too.

Don't only the harshest circumstances, the most severe, acute conditions, typically create the purest, rarest, most beautiful objects on earth?

They did, and they do, because the cryptocurrency TITAN is as pure, rare, and beautiful as a diamond.

It's a completely decentralized, entirely vested, fixed supply coin that runs on the Polygon Network, so it's cheap, fast, and reliable. Originally developed by Iron Finance as part of their collaterized stablecoin project, its value crashed from $64 to $.00000002 in ONE DAY after some sort of "bankrun" occurred in decentralized finance. In a marketplace accustomed to drama and uncertainty, it was possibly the most dramatic, most catastrophic collapse in the short history of cryptocurrency:

google: "finematics bank run de-fi"

As a result of this collapse, Iron Finance severed their relationship with TITAN forever, determined to start again. They renounced ownership of the coin, and burned the minting keys.

google: "twitter iron finance renounced ownership"

They simply abandoned it, let it go. And now it simply exists - as big, wild, and free as the most ardent cyberpunk's dream. It's an outlier, exceptional not for what it once was, but for what it has become. And that's the most fundamentally perfect form of democratic cryptocurrency the world has ever seen.

Don't believe me? Let's compare:

Dogecoin - Elon Musk's darling - has UNLIMITED supply. Literally, INFINITE! A guy I know once said using DOGE was like trying to mop a floor using a bucket that never stopped leaking. I'm still amazed it's holding steady around $.20.

google: "fool 5 reasons dogecoin"

Ripple developers will drop millions on your head:

This one's sort of specific, and there's lots here, because of the current court case, but this should get you started. google: "xrptalk topic/2629 selling my xrp"

Nobody knows how many ethereum there are, or ever will be:

google: "bitrates how many ethereum"

Cardano has a fixed supply, but only two-thirds is circulating. Why does that matter? Because no one knows the future, and you never know if some later change will somehow dump the other third:

google: "gfinityesports cardano supply"

I refuse to discuss either Tether USDT or Binance Coin BNB. If you don't realize those coins are garbage, you shouldn't be reading this. Wait.....hold up - I can't resist:

google: "BSC lost cause"

But let's keep going.....How about Polkadot? It's new, fancy, and complicated, right? Well, it also has UNLIMITED supply:

google: "support polkadot total supply"

How about some other coins? How about NEO or IOTA? Nope:

google: "bitcoin.com cryptocurrencies centralized"

What about a memecoin, like Shiba Inu - the "Dogecoin Killer"? Would you want the value of a financial investment determined by a marketing stunt?

google: "vitaliks regift"

How about KIN? Ever heard of it? I hesitate including it here because I'm a KIN guy. Read my other posts and you'll see why. Basically, I like it because the developers bested the SEC in a court battle, and it can never be considered a security:

google: "horizons law kin"

But they're having some issues migrating blockchains, and their foundation has been accused of distributing Community rewards to developers who don't deserve them:

google: "kinfoundation psiphon pro"

The only cryptocurrency I've found that could conceivably compete with TITAN is Digital Reserve Currency- DRC. The supply is fixed and completely vested; the tokens are indivisible. No one runs it; there’s no one’s in charge. That makes it possible to pass the Howey Test. Why is this important? Because regulations are coming; they’re coming hard. In the next few months, I expect the runaway stablecoin market to trigger all sorts of regulations from all sorts of three-letter Agencies:

google: "coindesk spooky stablecoins"

Not sure about you, but I’d rather not be on the wrong side of Howey when that crew announces, “Hammertime!” So does TITAN pass it? I’m no lawyer, but I can’t see how the Fourth Prong is satisfied when there’s no developer, no promoter, to profit from TITAN by marketing it, because there’s no developer or promoter that owns it! The genie’s out of the bottle with this one. If you have no idea what I’m talking about, well then…..you should:

google: "medium howey test citrus farmer crypto"

Or, for a deep dive into Howey Test Failures, check out the prestigious, 8 member Community I started:

While in Reddit search: "HoweyTestFailures"

Now, it's important to remember, DRC is an Ethereum coin, while TITAN runs on Polygon, so it's faster and easier to use.

Well, what about cheaper? Didn't I mention Bitcoin earlier? That's why I saved the best for last. TITAN is about 40,000,000,000 times cheaper than Bitcoin - a real deal, right? Well, there's a reason for that - the supply is about 2,000,000 times larger. The unfortunate result of the bankrun is an almost incomprehensible supply - more than 35,000,000,000,000 TITAN. But the Community has already established a burning program, and more than 28 billion are already burnt:

google: "polygon dead token address"

Finally, keep this in mind - no one reading this now will ever see the last Bitcoin mined:

google: "buy bitcoin worldwide how many bitcoin"

Litecoin either, because it's simply a defter version of Bitcoin:

google: "litecoin halving all you need"

These two foundational cryptocurrencies won't circulate their full supply for another 120 years, but TITAN does it, right now! There's no miners to deal with, no computer algorithms, no halving events. All the TITAN there ever is, or ever will be, is simply sitting out there on the Polygon Chain, waiting to be exchanged as a store of value, staked in Liquidity Pools, or provided to yield-farms for governance tokens. So I'll say it.....right now, TITAN is like Bitcoin in 120 years. Actually, right now, TITAN is probably BETTER than Bitcoin will ever be in 120 years.

It's so simple.

Look, WE - you, me, the TITAN Community - WE have the ability to make TITAN valuable. No one else. The supply on Polygon is fixed! It's vested! That's the beauty of this coin; that's what distinguishes it from everything else.

Oh, and one more thing - Elon Musk can keep Dogecoin and its leaky bucket - because we've got Mark Cuban. That's right, the billionaire investor, Shark-Tank entrepreneur, and Dallas Mavericks' owner, not only supported TITAN, he wrote a blog post explaining the benefits of Liquidity Pooling. Don't believe me? Check it:

google: "blogmaverick brillance of yield farming"

Unfortunately, soon after that, he got wrecked, along with everyone else, when the bankrun dropped TITAN's value from $64.19 one day to $.000000015109 the next. Is he salty about it? Probably. Has he forgotten about it? Maybe. But truly, no one knows.

What I do know is he wrote a book called "How to Win at the Sport of Business":

google: "goodreads sport of business"

He's obviously a competitive person; most billionaires are.

So as he sits back and watches Elon Musk continue to overlay holograms of Shiba Inu dogs on his mirrored sunglasses, what do you think he will do when he realizes a unique set of circumstances has transformed TITAN, a coin he once supported, into the purest, fastest, cheapest, most-democratic cryptocurrency ever created?

If you're like me, you can't wait to find out.

Jending

PS. For more information, check out the equally prestigious, 53 member Community dueingunity8114 and I moderate:

While in Reddit search: "TitanCommunity"


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