By CCN Markets: Avowed Bitcoin critic Nouriel ‘Dr. Doom’ Roubini has found another target – Facebook’s upcoming cryptocurrency Libra, on the day of its announcement. According to the New York University economics professor, Libra is ‘blockchain in name only’. Roubini: Libra is just another profit driver for Facebook Further, Roubini argued that Facebook’s cryptocurrency was only designed to grow the social media giant’s profits. Per Roubini, Libra is a ‘monopoly scam’ given that Facebook boasts of billions of users spread across the world. It will start as a private, permissioned, not-trustless, centralized oligopolistic members-only club. So much for calling it
Bitcoin, the most dominant cryptocurrency. The cryptocurrency with the biggest market cap and now it seems, a cryptocurrency that has become monopolised through the Bitcoin ownership of the top 1%.
According to recent findings, just 1% of all Bitcoin wallet addresses hold 55% of the worlds Bitcoin. Similarly, according to The Guardian, in 2017 the top 1% wealthiest people in the world now own more than half of the worlds wealth. Can you spot any similarities here?
Over the last year and a half the ICO scene has truly boomed, with all sorts of projects popping up here and there. In the last several months projects that seek to reform the ICO sector as a whole have attracted special interest. Monopoly.live is, undoubtedly, one of such projects. It is a decentralized platform for financing and developing various projects. If you are an investor, there you will find support and will be able to view and evaluate interesting and promising projects. If you are a start-upper, you will gain access to an audience and finances!
Why is the platform decentralized? The reason for this is that it makes the project as transparent as possible. All data regarding transactions and deals is stored in a specialized ledger that is accessible to all users of the system. Therefore, a model of collective investment gets a brand new realization. Among undeniable benefits of the model the following stand out the most:
Full protection of finances both during the investment process as well as in the project’s use of proceeds.
The sophisticated process of approval that allows the system to pick the most promising and beneficial for investors projects.
A legal support for the ICO. This removes the risk of a third-party influence the price of tokens during the initial token offering.
Our platform has its own tokens – MNP. Token holders will gain extra privileges on the platform, will have the ability to invest their tokens in start-ups and take part in voting on projects. Similarly to shares, the more MNP tokens you have, the more important your opinion is when making a decision.
The key feature of the platform is providing an opportunity for a project to grow and develop. Because of a special voting feature, any token holder can hold a public vote in order to attract more funds to a project. After this, the project goes through extra scrutiny, following which a new fundraiser round is launched. Following the end of the next stage of fundraising, all accounts are published on an open ledger where anyone can view the whole history of the project’s fundraiser.
According to our experts, such a platform allows to solve the following problems:
Drastically lowers the risks for investors. This is achieved through a decentralized decision-making process regarding issues related to projects’ development.
Increases expansion speed of both existing and new projects. Because blockchain technology is integrated into the fundraiser mechanism, the process of growth and allocation of financial assets boasts a maximum degree of automation. As a result, both scaling expenses and the risk of overspending are much lower.
Legalizes income for both investors and start-ups. All accounting expenses are covered by the platform, thus significantly reducing expenses of investors and other players on the market.
The project is likely to attract the attention of professionals in cryptocurrency investment, traders and, obviously, start-uppers who seek to raise funds for their project quickly.
Knowledge is power. – Francis Bacon
Actually, knowledge is not only power but also wealth and value. It is the fuel that drives society forward. The pioneers of knowledge have always been respected and greatly rewarded since ancient times.
After the Internet wave in the 21st century swept the world, it is not the privilege of elites only to create knowledge. In contemporary society, ordinary people can express their ideas and values through social networks. People edit entries on Wikipedia, answer questions on Quora, offer courses on YouTube, disseminate information quickly on Facebook, and so on. The Internet has become a sea of knowledge, where the wisdom and creativity of ordinary netizens can be perceived in its “waves”.