Anatha

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Revision as of 07:05, 28 November 2021 by Marcin (talk | contribs) (→‎Concepts)
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Cryptocurrency that promises a version of 'universal basic income'.

https://anatha.io/whycrypto

Concepts

  • Wrapped token - interoperability feature, being developed, where you can trade one crypto, say Bitcoin, on another network, providing efficiencies of both.
  • There should be as many cryptocurrencies as websites
  • Create your own financial instruments! Now that is possible
  • Crypto - is open source, permissionless, open, trustless. Transactions are uncensorable, unsanctionable.
  • KYC AML - know your Customer Anti-Money Laundering - libracoin by FB had it. Not true crypto - incongruent with trustless permissionless.
  • 'Not your key, not your coin' - push only. You can only send money. You cannot take money from crypto account. Credit card numbers are both push/pull - you can send to it, you can take from it.
  • Crypto is not 'not backed by anything' - it is backed by a network that allows you to transact freely. Fiat currency is backed by oil today (petrodollar)- so cannot stop global warming while using dollars.
  • Attacking a crypto gives it more strength - a judo throw?
  • Cosmos and Polkadot - working on the ecosystem of interoperability. Like OSE is working on interoperability of technology in general.