The Volatility Is a Cryptocurrency Disease
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Hello dear friends,
I’ve recently realized that it’s much better to emerge myself into the work on the product and to observe the results, rather than posting about it on social media. That’s why I haven’t been posting anything for quite a while, especially on Medium.
Now the time has come to share my observations about the current situation on the cryptocurrency market. A few days ago, talented guys from Forklog have released “The first global research of stablecoins”, and I would like to publicly express my gratitude to them. They were the first ones to understand the trend correctly and were amongst the first ones to popularize it.
Stablecoins are not just another super technology that will revolutionize the world. It’s a kind of cryptocurrencies 2.0. That’s what the cryptocurrencies should really be like, I think. Stablecoins are the boom that will for sure become even better and stronger than ICO-hype.
Anatoly Kaplan, Forklog’s CEO, whom I had a pleasure to meet back when everyone had just enough money to afford instant noodles and did not have tons of digital gold reserved, said: “It is hard to assure that an excessive volatility is something bad for the market, especially on its early stages of development. High volatility has been the reason why new participants appeared in the industry and why initial capital was formed that was actively reinvested into the development of digital cryptocurrencies’ industry infrastructure.”
Indeed, I think that Satoshi Nakamoto deliberately built Bitcoin volatile because “to the moon” cannot be ignored. A skyrocketing prices of cryptocurrencies’ price provoked immense attention to the market from developers and investors. That’s why I would like to say a huge “thank you” to volatility.
The time has come to move forward.

According to the CoinMarketCap, the entire crypto market capitalization is currently 222 billion USD. Having in mind that crypto-forexes (exchanges) will try to make it to the top positions with the aim to increase their profit, it can be assumed that real capitalization of the market is 40 percent lower (that is my feeling). But even if we disregard it, 222 billion USD of all the cryptocurrencies’ capitalization is the needle in the haystack as there are trillions of dollars and quadrillions in different derivatives. Even the capitalization of Alibaba is amounted to more than $441 billion USD, Apple — $1 trillion USD, Amazon — $1 trillion USD, what is more and way better than the capitalization of entire cryptocurrencies.
The more I emerge into the world of finances, the more I begin to understand that in order to increase the pace of development of cryptocurrencies they need to be used in the real economy for money transfers, trade and financing. Unfortunately, it is almost impossible now. Big whales don’t want to invest billions of dollars into Bitcoin and hope that price will not go down when the transaction going to other part of the world. The real economy does not work like this. The real economy needs stability.
Hundreds of millions of dollars are being sent to family members from Europe to Africa by immigrants daily. Today, Western Union is being used for this purpose: up to 20 percent commission, 2–4 days of waiting, a huge pile of documentation. After that, those family members would have to make it all the way to the local office of Western Union by God knows what means of transport in order to cash out the transfer.
Having solved only this problem, stablecoins can help real economy to attract new finances into cryptocurrencies and benefit its reputation. However, there is one problem: all stablecoins are just whitepapers, promises, and the lack of any technology whatsoever.
Tether can be described as printing of money by a small group of people. An ideal business. No technology, no guarantees that it’s 100% backed, a total centralization, the lack of understanding of how it can be used in real economy (as we have realized, the market of cryptocurrencies is humiliatingly small for this type of tools).
BitUSD — something that can be used. However, the problem is that Daniel Larimer has escaped to EOS and abandoned BitShares with a great number of architectural issues. One more aspect here is that centralized crypto-forexes (exchanges) will not list stablecoin that was positioned for BitShares DEX.
All the other stablecoins are absolutely not serious. There is none, both ideologically — and technologically — wise. Happily, things are not as bad.
There is one coin that is being developed rapidly with no PR and marketing activities–MILE.

No ICO, the blockchain is already working. It is original blockchain that was built from the scratch, what is a miracle itself: as there around 5 really functioning blockchains in the world. Anonymous developer Lotus Mile is a lady (honestly, I do not believe that Lotus is a girl but it doesn’t matter).
- 10.000 nodes;
- 10.000 transactions per second;
- A single transaction is being completed within 20––40 seconds;
- Zero fee for XDR transactions (it became possible due to mechanisms of social, technological and financial security from spam-attacks);
- Decentralized emission: everyone can mint (print) stablecoins — XDR––tied to the IMF’s exchange rate;
And more importantly, it is already working.
Therefore we have brought together the team of investors and developers who decided to support this algorithm. Within a month, we’ve created international educational non-profit organization Mile Unity Foundation, launched an office in South Korea, connected an international payment systems, governmental and intergovernmental organizations, ambassadors from Asia, Africa and Latin America to the community, held the event in Beijing in the official diplomatic platform and established good communication with representatives of central banks.

Seoul, Gangnam, Teheran ro, 128, 8 floor
서울 강남구 테헤란로 128 8층
Last week I’ve met the Defense Minister of the Republic of Côte d’Ivoire. He really liked the tool, but for a positive continuation of negotiations, he asked for a few tests of real deals.
The goal of those meetings was to educate government officials, entrepreneurs, engineers and journalists about the ways cryptocurrencies can be implemented in real economy for international trade, financing and money transfers. And we are already actively fulfilling this target!
As an investor and a representative of this community, I would like to contribute to the research of stablecoins with a working technology that was created with the purpose to make cryptocurrencies an everyday reality.
Like, share, repost!
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Official website of Mile Unity Foundation: https://mile.global
Telegram: https://t.me/MileUnity
