Jibrel Marines, assemble!

Evil_kitten
Evil_kitten

Jibrel Marines, assemble!

Post stack size!

For those of you who missed it, yesterdays news: zawya.com/mena/en/story/Jibrel_Network_announces_strategic_partnership_with_the_SEED_Group-ZAWYA20180311065811/

$280M confirmed to be tokenized

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TreeEater
TreeEater

Chart since announcement looks like a bullflag too

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JunkTop
JunkTop

Only have about 8k jnt. Should i sell my wtc and double my jibrel bags?

happy_sad
happy_sad

50k feeling comfy as hell

Gigastrength
Gigastrength

1751
Ready for launch

TurtleCat
TurtleCat

13k

Fuzzy_Logic
Fuzzy_Logic

71k JNT
hopefully this will be worth something someday

Evil_kitten
Evil_kitten

25k JNT, will keep on buying as money comes in, the longer price is low the better.

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whereismyname
whereismyname

4700 JNT, hoping to go to 6k tomorrow, after getting paid.
I see a bright future after the bloodbath, considering I just achieved my 10k target for LINK.

TalkBomber
TalkBomber

I'm sincerely sorry you fell for this shitty pajeet scam

Fuzzy_Logic
Fuzzy_Logic

im sincerely sorry you have to post this in every jnt thread
also sorry for you guys that this is the best fud you can come up with lmao
at least the janitor pasta was funny

Snarelure
Snarelure

4.1k

Lunatick
Lunatick

motorcycle user here. currently hyper-jiblet but on the way to 25K this week if we continue to stay around 40c

Emberfire
Emberfire

9k I am poor, but after the sweet tears of those who made the wrong call in margin trading will have OVER 9,000!!

Flameblow
Flameblow

About 4k here as well. why do I even live?

Supergrass
Supergrass

121k, can't wait to dump this sand nigger garbage soon.

Booteefool
Booteefool

what's the call anons, think this will continue to go sideways for the week? would love to get in around 35c.

cum2soon
cum2soon

dump this week. i'll unironically buy your bags

Poker_Star
Poker_Star

yes absolutely do not buy above .35 it will probably go much lower than that. do not fomo in under any circumstances

TechHater
TechHater

I have $2k. I am not expecting too much.

GoogleCat
GoogleCat

already priced in. otherthan seed nothing left for them to announce. njoy u r blleding bags until below 5 cent.

StrangeWizard
StrangeWizard

Don't know about this week, but soon hopefully.

Emberburn
Emberburn

Shitty sandnigger pajeet scam they said.

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Soft_member
Soft_member

Say I am a bank, and I own the sort of financial instrument that Jibrel is looking to tokenise. Let's say I tokenise $100m worth of treasury bonds.
Now the price of treasury bonds goes up, but I don't get any of that value because the token holders accrue the increased value when they onsell their jBonds to other buyers. Or let's say the value of bonds goes down and I want to divest myself of these holdings, I can't because the tokeniased assets are in the hands of token holders.
It seems to me like tokenising an asset means that a bank loses the ability to make gains on it, and to sell it. The control of the asset is passed into the hands of the token holders. So what is the incentive for banks to hand over this control? How does the bank get their margin?

GoogleCat
GoogleCat

Join the telegram and wait for Talal to be on and ask him.

Sir_Gallonhead
Sir_Gallonhead

why you so confident it won't go higher user? i thought it'd dip a lot lower today than it has. i do agree that over the next couple weeks a lot of weak hands might gtfo.

why are you so desperate to get out already? it's a long term hold

whereismyname
whereismyname

Brainlet here but from my understanding control of the asset doesn't transfer to token holders. The asset is still under the control of the institution. Token holders benefit from appreciation of JNT due to the required on-chain solvency

Evil_kitten
Evil_kitten

It's simple really. Saudi's can't be trusted at all. Terrorism, slavery, corruption, etc. It's a quick buck that's all.

LuckyDusty
LuckyDusty

So what happens if I buy $100k worth of the bank's jBonds, then bonds rise in value and the bank chooses to sell them all?

Supergrass
Supergrass

they can't because the asset has been transferred - as far as i understand. the bank no longer controls the asset when it is transferred.

Evil_kitten
Evil_kitten

the benefit is that you might buy them for more to hedge then you would otherwise- also it is feeless so banks can take advantage of the arbitrage from 1. their being worth more because market volatility and people need a hedge and 2. they dont incur the high fees they would otherwise incur.

askme
askme

selling that amount of bonds would usually have very high transaction fees in the traditional economy

Techpill
Techpill

But if control of the asset is transferred doesn't the bank just end up incurring all the costs of holding the asset, with none of the benefits because ownership is with the token holder?

Emberfire
Emberfire

What this user said. if you buy the bond from the bank you would be the owner.

DeathDog
DeathDog

A bank probably doesn't follow the buy high sell low meme.. They would be selling to you at a premium.

GoogleCat
GoogleCat

have you seen videos of these kids who run this project? they're sjw-tier. get real user.

also do you think don tapscott is gonna ruin his reputation by publicly supporting a genuine terrorist shitcoin in an advisor role?

i think they're too connected and visible for the shady saudi angle to be a legit concern.

Need_TLC
Need_TLC

130 coins here, plan to accumulate over the coming weeks since I feel like it will bleed some.

Harmless_Venom
Harmless_Venom

500k jibrelian i did it to be a top 30 wallet

hairygrape
hairygrape

I'm not talking about the JNT dev team, they're solid. SEED however, not so much.

Playboyize
Playboyize

OK but as far as I can tell that is the only point where the bank can actually take a profit. As soon as an asset is tokenised and sold off the bank is stuck holding it indefinitely. Well, in perpetuity actually because it will be out in the token ecosystem forever.
Which wouldmena for it to be worthwhile f or a bank it would have to be a HUGE margin, and if the margin is that big then there would be very little demand for the marked-up tokenised asset.
What am I missing here?

Sharpcharm
Sharpcharm

You aren't though. You are a top 40 wallet.

Firespawn
Firespawn

39k checking in

eGremlin
eGremlin

at the time I bought I was.

Gigastrength
Gigastrength

the bank makes a huge profit by being able to sell their assets without the high fees that they incur in the traditional economy, they also make money because as hedging tools are in demand, the assets would be worth more on-chain than they would be off-chain.

Booteefool
Booteefool

But they only sell control of the asset while being forced to actually hold the asset on behalf of the token holders. They end up holding a massive number of assets that they don't actually own, and incurring all the costs of maintaining/securing those assets on behalf of token holders who pay nothing to the banks.

Boy_vs_Girl
Boy_vs_Girl

I assume the institution could just as easily un-tokenize their asset so I don't think they have to leave it on-chain for perpetuity. Also the idea is that they could earn millions buy just 2-3% gains due to the amount of money they would invest.

Burnblaze
Burnblaze

i think you're confused about the fundamentals. They can pretty much just tokenize their assets on-chain and leave them there. Tokenizing them wouldn't preclude them from off-chain gains.

LuckyDusty
LuckyDusty

I suppose to untokenise the asset the banks could buy them back en masse, but with thin order books that could force them to pay vastly inflated prices for assets that they could have just held in the first place.

PurpleCharger
PurpleCharger

So it's not like a ledger where it locks in the price?

happy_sad
happy_sad

the banks don't buy the token ever. The DAO, when its operational, would be doing this in the background.

Flameblow
Flameblow

can't tell if you're memeing me but the tokenized would still hold its off-chain value.

Fuzzy_Logic
Fuzzy_Logic

*tokenized asset

Supergrass
Supergrass

So is the DAO holding the assets themselves? Sorry if I'm running in circles, the fundamental point of my question is: How does the network incentivise a party to hold a tokenised asset (and incur the costs of holding/maintaining/securing that asset) when control of that asset is in the hands of another party (ie the token holder)?

RumChicken
RumChicken

Kinda feel like you're trolling me at this point fren

SniperGod
SniperGod

Not at all. There's something I'm misunderstanding. I buy $100k treasury bonds from BankA in jBond form. I now own $100k worth of jBonds to buy and sell as I please. If treasury bonds moon then great, I can onsell my jbonds for $200k. But while I am now the token holder of $100k jBonds the bank is still holding the actual asset. It now has $100k worth of trasury bonds that it can't do anything with because they're "mine". I'm missing something critical here and I don't know what it is.

Sir_Gallonhead
Sir_Gallonhead

Moved a good portion (>50%) of my stack over to JNT recently. Considering going all in except for some Eth bought at low DCA. Promising times friends.

big dick BTC aint got shit on real world usage

LuckyDusty
LuckyDusty

Lord AssBlaster has already decreed that Jibrel is ‘trash’. Heed his words. Why does Veeky Forums defy the word of our savior?

Inmate
Inmate

is that how you think about money and investing? holy fuck this board

Burnblaze
Burnblaze

he’s not all in on Link
he doesn’t know

Raving_Cute
Raving_Cute

You guys are overthinking this project. It's not a long term hold. You'll see.

Snarelure
Snarelure

I have 20K jibbies my fellow JNTLMEN! Can't wait for Talal to take us to the MOON! You guys hear any news about the meme contest yet? Anything about the Sheik?

Emberfire
Emberfire

Was at 1k but I fucked up and sent half of them to the wrong address bc I'm retarded

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Ignoramus
Ignoramus

Confirmed special needs friendo

whereismyname
whereismyname

sux

Soft_member
Soft_member

Yeah ik but y'all can thank me for the 30% jump in price the other day as I sent them literally an hour before that run occurred

Inmate
Inmate

ffs user get it together

TalkBomber
TalkBomber

It's good for JNT, the more tokens out of circulation the higher the scarcity :^)

Spamalot
Spamalot

tfw I've got 12k
still in the top 1.5k wallets

my stack is so small but most wallets are even smaller than mine

Need_TLC
Need_TLC

all them fucking pajeets in the discord are holdint like 30 JNT and expecting lambos. And they're unironically gonna get them. Top 3 coin 2020 cap this. Link 1.2 Mill JNT 800k BTC 500k eoy 2020.

TalkBomber
TalkBomber

12k is pretty good. im aiming for 10k. icx really fucked me this month my stack is shit!

5mileys
5mileys

all them fucking pajeets in the discord are holdint like 30 JNT and expecting lambos.

ha those fools

And they're unironically gonna get them.

go on..

Top 3 coin 2020 cap this.

oh no user, cap this? you sound...

Link 1.2 Mill JNT 800k BTC 500k eoy 2020

fucking linkies

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