ALGORITHMIC STABLECOINS POWER SELF-CUSTODYING ASSETS
In a thoughtful Blockworks commentary, Byron Gilliam draws attention to the timeliness and urgency of “an algorithmic stablecoin that could absorb trillions of dollars of demand…[amid] …plenty of individuals… thinking hard about self-custodying their assets…” as they absorb the abruptness with which fiat currencies were instantaneously made worthless following Russia’s attack on the Ukraine.
Gilliam’s insights draw attention to Go Known concurrencies grounding algorithmic stablecoins self-custodying stores of value in contemporaneous monetary markets.
Go Known concurrencies can power algorithmic stable coins for self-custodying assets through transparent, permissioned bitcoin, blockchain and NFT conversions as Treasury reserve assets and fiat currencies.
Recurrent, uneventful conversions through metaverses, those emerging spaces integrating digital with fiat currencies, could become commonplace.
Bitcoins, blockchains and NFTs could and would tri-angulate value through comparable transparencies, or concurrencies.
Known Paradigm concurrencies protect fiat currency asset values. Banks, insurance, investment, and asset management advisories can engage metaverses with confidence that transparent concurrencies will safeguard their assets and those they manage. “Despite constituting a relatively small portion of business income today, cryptocurrency transactions are likely to rise in importance in the next decade, especially in the presence of a broad-based financial account reporting regime,” the Department of Treasury forecast in a May, 2021 report (p. 20).
Otherwise, as bitcoins, blockchains and NFTs achieve popular adoption and institutional acceptance as substitute and complementary Internet-native currencies, central banks, and large commercial banks as well as wealth they support could become superannuated. Dollars, Euros, Yen, Yuan/Renminbi and Won could be valued analogously to splendid horses and well-appointed landau and hansom carriages prior to internal combustion engine motor vehicles. Incumbent, large commercial and central banks could find themselves obsolesced just as quickly as Andrew Jackson’s decommissioning of the Second Bank of the United States.
However, with Known Paradigm concurrencies transparently indicating values side by side; that is, concurrently, monetary markets and policies can deal with these concerns.
The Known Paradigm deploys concurrencies to deliver parity, stability and speed to ground and effect bitcoin, blockchain, NFT and fiat currency solvencies and innovations.
There are other advantages.
Super or supra exchanges could transact indexes valuing sector (e.g., energy, sports, arts), regional, national, and international bitcoin, blockchain and NFT exchange assets, values, and volumes.
Bitcoin, blockchain and NFT enterprises and communities can adopt new embodiments and flexibilities to move beyond legacy design tying viability and value to bitcoin length. Cryptographic proof in a trustless system demands linear documentation. Till a counter party indicates that a bitcoin history convinces him or her that it has not been sold to another previously, there is no transaction. Without ensuing transactions, no additional length can occur. Absent more and more additional units, there is no incremental value.
While length emerged as an initial standard to determine value and allay risks of double spending, its mono-dimensional determination of value now holds back bitcoin viability as complementary currencies and as Treasury reserve assets inhibiting algorithmic stablecoins like those Go Known innovations power. By 2021, energy use concerns colored market activity, too.
Everything is linear when it could be logarithmic. All the valuable information indicating intent remains uncultivated and unmonetized. Furthermore, the existing system impels additional costs to sustain its integrity. A fresh routing layer became necessary. Hard and soft forks are mandatory to police corruption after it has occurred. Parking data one way on one set of computers and another way on another set of computers have become standard practice. All impel programming and implementation costs to keep systems going. These wholly understandable characteristics dealing with initial design and greater and greater adoption now restrain more than encourage.
Concurrencies address the challenges and solve the problems. Contemporaneous instantiations of new, historically specific embodiments and flexibilities power innovator and incumbent, disruptor and storied institution, new and old, to co-exist and flourish in virtual, metaverse and fiat currency monetary markets and policies. Bitcoin and blockchain become able to monetize algorithmic stablecoins to self-custody assets.
These achievements make it possible for standards and practices to emerge by creating rational calculability. Participants can reason risks of acquiring, holding, or selling any of the volatile, novel investment vehicles at any point in time. Bitcoins, blockchains and NFTs could eventually shed their precarity.
Paradigm transparency aligns with bitcoin, blockchain, stablecoin, and non-fungible token open source, reward-creating elements. Shared, complementary characteristics speed execution and fulfillment. The paradigm accelerates authentication. This reduces transaction costs parsing and verifying specific bitcoin, block chain and NFT transactions coursing petabytes and zettabytes of data. The paradigm enables and safeguards participants, powers transactions and protects bitcoin, blockchain and NFT exchange security.
Uncertainty and volatility, retarding the exchanging of virtual and fiat currencies, will continue to characterize bitcoin, block chain, and non-fungible token risk and asset values until systemic solutions, like algorithmic stablecoins to self-custody assets embodied in the Known Paradigm, are adopted.
In these ways, the Known Paradigm delivers distinctly fast, transparent processes affording unrivaled, risk-adjusted rates of return by transforming bitcoins, blockchains and NFTs to transparent risks on measurable assets from volatile bets on digital ephemera. Concurrencies are significant contributions because untrustworthiness is the essential bitcoin and blockchain element by design. “We have proposed a system for electronic transactions without relying on trust,” Satoshi Nakamoto announced in 2008.
@TomBrady @blockchain @blockworks #ElectricCapital