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    Cryptocurrency Daily Discussion - March 25, 2020 (GMT+0)

    March 25, 2020

    Cryptocurrency Daily Discussion - March 25, 2020 (GMT+0)

    Daily Discussion - March 25, 2020 (GMT+0)

    Posted: 24 Mar 2020 05:10 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.

    To see prior Skeptics Discussions, click here.

    submitted by /u/AutoModerator
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    Creating a token for an international company

    Posted: 24 Mar 2020 05:50 PM PDT

    Okay I hope this is allowed, I am not a crypto expert at all. I am the most knowing in my family, but I'm not even close to being an authority on the subject so I am reaching out. My company is relaunching their website to more e-commerce in the next few months here. We sell in retailers around the world, we rank #1 in our subfield of sales and are reputable in the overall landscape of our sales realm. Our direct sales went live last year through amazon, meaning we manufacture it, store it ourselves and ship it through UPS ourselves rather than allowing amazon or any other retailer to do it for us. We wish to expand this with our website. Our site is going to be set up to support bitcoin exchanges through bitpay as it stands, this is where my understanding basically ends. Someone on reddit suggested we tokenize, create our own coin! It is not a terrible idea we are a lifestyle brand that's survived for 50 year! Meaning we aren't a fluke and our cliental is now generations old and we still see growth.

    My question is what does this all entail? I read into contract tokens through etherum but it just sounds like a backdoor way to publicizing a private company. We are family owned and operated so there's zero desire to go public with it, but the benefits could be there.

    Side bar: I have no idea if we are technically international company or an international brand, we only operate in the US, but we sell to retailers around the world. Confirmed sales in like 150+ companies but all of our employees are in the US.

    TLDR: large life style company wants to take advantage of how dedicated it's loyal fanbase is with a token that both supports our brand and gives our buyers more options and a little perk for buying with us by tokenizing.

    If this is an illegal post here on the forum I totally understand, I don't wish to muddy this up I just figured I'd open the discussion on tokenizing

    submitted by /u/DafttheKid
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    Posted: 24 Mar 2020 09:28 PM PDT

    Interested to hear everyone's thoughts on being green in such times

    Posted: 24 Mar 2020 11:27 AM PDT

    Hey guys, usually in times when people are losing their jobs, and economy is tanking, people will sell their assets to cover their debts/bills. Everyone buys USD because that is the safest bet (and the currency you can buy groceries with)

    This has not been the case with the crypto markets in the past week or so. We have been green green green. How can this be?

    Please don't tell me "people are flocking to crypto because they have lost faith in the USD" because that is NOT true. Crypto still is a speculative asset and thus is treated as an investment by most

    What are your thoughts on this green market?

    submitted by /u/m309
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