RCN

Why aren't you investing in a company that launder drug cartel money and give the opportunity to buy Bitcoin to 3rd world countries poorfags?

launders drug cartel money HAHAHAHAHAHAHAHHAHAHAHAHAHA

that's a good one

no that's not why i'm bullish on this. but go ahead and ask me why i think this will be a killer early Q1 - 2018

why?

alright my dear where to begin.

This company figured out how to democratize lending in the space of consumer credit in a country/continent that has some of the lowest penetration of credit cards and retail loans. Why? because their banking system is reserved for the rich and their banks have high cost of funds due to currency hyperinflation (looks at Venezuela) by introducing smart contract co-signers that will absorb credit risk or loss given default the lender will be rest assured that his money will be repaid in full with a juicy yield that he/her couldn't have realized in their home country (most likely a developed nation where yield rates are shit because of QE etc...))

now the token is the most pivotal part of the entire network and token holders are liquidity providers. so more lending equates to higher values of tokens.

enjoy your gains once this goes parabolic which is in the near future since their roadmap will be complete by April 2018 and this team doesn't fuck around they are hitting every deadline

on another and lighter note, heavy hitters like Fenbushi Captail, Pantera Capital and Tim Drapper are in on this as well and you bet your balls they will leverage their resources to see this project succeed exponentially .


any questions?

>>consumer credit in South America/Argentina has some of the lowest penetration of credit cards and retail loans
>>banking system is reserved for the rich
>>banks have high cost of to obtain funds -> to mitigate risk of defaults

Ripio ( RCN ) formerly BitPagos
>>smart contract co-signers will absorb credit risk of defaults
>>their monies will be repaid in full with a juicy yield that the co-lenders in developed countries couldn’t otherwise obtain easily
>>token holders are liquidity providers
>>more lending equates to higher values of tokens


Big players involved
>>Fenbushi Captail
>>Pantera Capital
>>Tim Drapper – daddy owned big part of skype, tried to split cali six ways (smart guy), created his own college of entrepreneurial thought

btw why you advertising the negative, nefarious aspects of this coin.

>>will wipe out high interest payday loans

oh wow

thank you
thats awesome!.

they're only lacking marketing and twitter whoring

hahah
sarcasm detected!

this is actually a good thing. more time to accumulate and more real growth

i think we're hitting heavy support lines at current price

should be up at least 80% next week or more if they release something

let's keep refining our marketing mantra, and maybe make a support site or something->>

or maybe some infographics

they need some help on that front i agree, maybe we could galvanize discussions on their reddit page at least.

my plan is to pull gains from VTC after the halvening and then go all in on this for q1.

How much do you expect it to go up?

it'll go high
tim drapper will tweet about it and say how proud he is of the developers and then they'll announce a partnership with the world bank

then we retire young and decide on a group trip to Argentina to party with the devs

>by introducing smart contract co-signers that will absorb credit risk or loss given default

What are the incentives for them to do so? For example, for bonds there are CDS or at least a collateral.

fees
they get paid for this

Thanks, I'll investigate because it seems very interesting. I image fees are predictable, otherwise it's going to be difficult to determine whether lending outweighs the risks or not. I wonder how default risk is determined.

they'll be incorporating their credit scoring system to the network.

they have been lending for a while now. the company is not new in this space

im tits over head in this
is it a mistake having 70% of my portfolio being RCN?

Im 50% rcn, 50% monero

Nice!!!! Hodl tiem

just picked up 10k seems like a solid project.