Utilitarian Vehicles for Solving Macro Problems

EG: As the Fed's balance sheet growth exceeds $10 trillion in assets and concepts of centralised, programmable, Central Bank Digital Currencies are tolerated- even though they just represent more of the same kind of banking malfeasance that debt monetisation and negative interest rate policies did to cause our global economic crisis, what potential role would precious metals-backed cryptocurrencies play in restoring a new era of trust and stability, similar to the worldbefore the events of the of Nixon shock of 1971? 

RM: That is much more of a statement than a question, but I will run with it since I don’t disagree. One correction, though…CBDCs won’t be more of the same, it will be more manipulable, leveraged, increase upon the same. I doubt very seriously that the established global leaders (governments) and their associated central banks will ever adopt precious metal-backed cryptos as legal tender. It is considerably too hard to debase, which is the entire purpose of leaving the gold standard to begin with. They may adopt PM-tokens as a step up to their accounting systems. As long as they work out the delivery issues, these PM-backed tokens would be the answer to much of their dilemma. I believe my firm was the first firm to sell programmable, deliverable, blockhain-based PM-backed tokens.

EG: Many cryptocurrency investors like to focus on projects that offer utility. Explain how your platform may utilise precious metals, cryptocurrency and smart contracts as a true utilitarian vehicle for solving macro problems? 
 

RM: The crux of our patented invention is the conditional transfer of value through a distributed ledger (i.e., blockchain) without the need for a middleman and little or no counter-party/credit risk. Put in regular English, or layperson’s terms, this means…sending stuff that is worth something to others with the guarantee that they will get what was agreed upon, and doing so without the need for big brother or rent seeking middlemen or unnecessary go-betweens.
 

Basically, this is the reincarnation of barter for the P2P, digital age. Further, the elimination of counter-party and credit risk is just a mouse click or touchscreen tap away. This is an evolution of money, commerce and human interaction. For particulars on how this is done, see my US patent https://patents.google.com/patent/US20170187535A1/en and Japanese patent https://patents.google.com/patent/JP6813477B2/en
 

EG: Tell us how your experience as a young finance entrepreneur in your twenties prepared you to succeed as a leader at the forefront of fintech today?
 

RM: My younger self’s experience taught me: 1. Diversity in knowledge and skill is mandatory. 2. Despite number point 1, no one knows everything, and only a fool operates as if they do. Thus, capable, knowledgeable, creative, outside of the box thinkers are necessary in order to succeed against a status quo designed to keep you subjugated to them.
 

EG: What was the most significant thing you learned about making your first million dollars in 2000? And with this knowledge, how much easier did it become to make your second, third and fourth million dollars?
 

RM: The most significant thing that I learned about making my first million dollars was that if made correctly, it’s the first million dollars that makes the second million dollars, and not me. The ascension to the capitalist class (those who subsist primarily from their capital) from the working class (those who subsist primarily from their labor, whether physical or intellectual) usually happens upon the realisation that stacking of capital should always come first and foremost.
 

EG: With world central banks announcing they would allow unlimited QE, what would you suggest are some of the 'surest ways to wealth creation' using stablecoins, cryptocurrencies and precious metals today?
 

RM: Own the infrastructure of those projects and industries that provide the utility to stablecoins and cryptocurrencies. By owning the infrastructure, you (by default) participate in any upside, and are insulated against downside unless the technology itself fails through implementation or obsolescence. Therefore, I have chosen to focus on the IP underpinning the industry.
 

EG: According to Lynette Zang, Chief Market Analyst at ITM Trading, 'the financial system died in 2008.' If the central banks continue to monetise debt (printing money), we encounter hyperinflation, but if they stop- we may have a deflationary depression. What actions would you advise Fed Chair Jerome Powell to take in order to save the U.S. dollar, what asset classes must be recalibrated, and why?

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RM: I look at the dollar differently than most. The dollars hegemony is powered by the militaristic, economic, technological and geopolitical might of the US, and NOT by how little it has debased the dollar. Honestly, the reason WHY the US can abuse the dollar to the extent that it does is because of this might. There is nothing that can currently replace the dollar, hence expect abuse to run rampant.
 

EG: Tell us about the newly granted DeFi patents you were awarded by the Japanese and the U.S. Patent Offices for a trustless value transfer system, as well as opportunities for platforms that may not be utilizing the full potential of this technology?
 

RM: The patents represent foundational technology, basically the technology upon which entire industries are based upon. They cover the “conditional” transfer of value through a distributed ledger (not just a blockchain) using a decentralised currency.
 

We pioneered this sophisticated value transfer at least 6 years before it was popularised by projects such as Uniswap, Compound and Aave, and envisioned (and patented) a much more robust and sophisticated toolset. While we are not involved in active development anymore, we are more than happy to provide these ideas, concepts and inventions to market participants who voluntarily license our patented technology. For example, we can include stable coin capabilities in the Bitcoin lighting network, without having to use stablecoins. This essentially raises the Lighting Network’s utility to a lever above that of Mastercard, Visa and American Express, near instantaneously.
 

EG: You have been working with the Jamaica Stock Exchange more recently. What does your revolutionary intellectual property at Veritaseum enable for legacy banking systems, capital markets, financial institutions, brokers and traders?
 

RM: We worked with the Jamaican Stock exchange, one of the largest stock exchanges in the Caribbean and had verbal and email agreements to work with one of the world’s top ten exchanges. I will list the prospective advantages, but in arbitrary order.
 

EG: It would be fair to refer to you as The De-Fi Leader and the pre-eminent specialist in peer-to-peer capital markets. What excites you about the future of decentralised finance?
 

RM: Quite frankly, what excites me is what is missed by practically every pundit and practitioner in the space. That is, the virtual elimination of money (or more aptly put, currency), itself (reference the macro value of our products and inventions above). As most successful macro practitioners over time can attest, MISADA, or…Money is a Depreciating Asset! There will always be use cases for currency, but a very, very wide swath of value transactions (ironically enough, even currency transactions) can now be done without currencies as a middle layer, proxy or go between.   EG

For more on the concept of MISADA, reference:

>Veritaseum: MISADA, or...Money Is A Depreciating Asset

>MISADA: Money Is A Depreciating Asset - A Layperson's Primer on Wealth Creations Via Crypto, part 2

>MISADA: Money Is A Depreciating Asset, pt 4, Veritaseum IP Created to Disintermediate Rent Seekers

>MISADA: Money Is A Depreciating Asset, pt 5 -Crypto Adoption, Evaluating IP & That PARADIGM Shift

>MISADA (Money Is A Depreciating Asset), Pt 6: The More You Save, The Poorer You Get - PERIOD.