Help Wanted, Grass Roots Effort on a New Currency Idea

[Seymour Flops]

I have an idea for a new (Weighted Risk Asset?) currency. I am in no way an educated student, let alone an expert on such things, on creating a new currency (digital or anything else).

However, I have an idea for a new currency (coin?) that I've now run through AI, and the feedback is very encouraging.

I am personally not a fan of digital currencies, but this idea is more than that alone.

This idea is more secure/ solid.

My problem is I am too old, too uneducated in finance, and too little of a salesman to pitch the idea to anyone, myself.

I can't even share the idea on here without losing the rights to it.

So, where do I go from here?

Any ideas?

Two questions:

1 What is/are weighted risk assets?
2 How would they apply to a new currency?

 

[EdwinAMartin]

Crypto is intentionally being built upon the idea of escaping (decentralizing) that aspect. No banks, no oversight, no boundaries,

And more fraud. It's more like the Tulip Mania and Lester Madoff than 'decentralization'.

 

[Chuz Life]

Two questions:

1 What is/are weighted risk assets?
2 How would they apply to a new currency?

Great question.

In this case, it is about collateralization.

There is literally no collateral that is holding up BitCoin, for example. So it is extremely volatile as a result.

My idea for a currency is based on real-world assets.

This should result in less volatility and build more trust in its long-term uses and investments.

 

[Chuz Life]

And more fraud. It's more like the Tulip Mania and Lester Madoff than 'decentralization'.

You are free to believe that, but it is no easier to commit fraud with crypto than it is with Fiat.

 

[EdwinAMartin]

You are free to believe that, but it is no easier to commit fraud with crypto than it is with Fiat.

Most people sinking money into that stuff have no idea who is behind it or whether it is even anything other than just another Ponzi scheme.

 

[Chuz Life]

Most people sinking money into that stuff have no idea who is behind it or whether it is even anything other than just another Ponzi scheme.

And they hoodwinked Visa into the whole scheme.

Right?

 

[EdwinAMartin]

And they hoodwinked Visa into the whole scheme.

Right?

What makes you think Visa or any other company is run by geniuses? Who did Lester Madoff sucker into giving him hundreds of millions? You do know bankers and brokers have to be bailed out by the Feds almost every decade, right?

 

[Seymour Flops]

Great question.

In this case, it is about collateralization.

There is literally no collateral that is holding up BitCoin, for example. So it is extremely volatile as a result.

My idea for a currency is based on real-world assets.

This should result in less volatility and build more trust in its long-term uses and investments.

Yes, I'm with you, there.

Maybe redeemable as a basket of assets, or a menu from which to choose of assets.

 

[Chuz Life]

Yes, I'm with you, there.

Maybe redeemable as a basket of assets, or a menu from which to choose of assets.

In principle, yes.

Pun intended.

 

[Chuz Life]

What makes you think Visa or any other company is run by geniuses? Who did Lester Madoff sucker into giving him hundreds of millions? You do know bankers and brokers have to be bailed out by the Feds almost every decade, right?

It would really help if you would just give a hint about where you are going with this.

Crypto is here. It's reality.

My patent is filed, and I'm not going to withdraw it.

So, what is it that you are hoping to accomplish with all the (mostly unsubstantiated) negativity?

 

[EdwinAMartin]

It would really help if you would just give a hint about where you are going with this.

Crypto is here. It's reality.

My patent is filed, and I'm not going to withdraw it.

So, what is it that you are hoping to accomplish with all the (mostly unsubstantiated) negativity?

I can give a much better deal. I have these magic ducks that poop solid gold I'll sell you for a special discounted price.

 

[EdwinAMartin]

Yes, I'm with you, there.

Maybe redeemable as a basket of assets, or a menu from which to choose of assets.

It's a lottery, nothing more. There is nothing but hot air behind it.

 

[Chuz Life]

I can give a much better deal. I have these magic ducks that poop solid gold I'll sell you for a special discounted price.

Ok, putting you on ignore now.

Reclaiming my time.