Bitcoin Ben-Coinbase/Circle stablecoin: The road to asset backed tokenization


-Last year the Elite used Tether as a tool to manipulate the market.  It was used to drive up the crypto markets to test run the adoption rate of the general public so they know how to put the system together for this year.  The Elite used Tether to push up the price and then used the futures and Mt Gox crypto currencies to push it back down.   That’s why this year we have a lot of good news but depressed prices because the markets are purposely held down by the Elite.


-What is the significance of USDC, Goldman Sches’ stablecoin?  Goldman Saches is going to have its stablecoin, USDC listed on Coinbase platform.   This is a HUGE deal because it opens up a lot paths.   It is the key to allow ICE (Intercontinental Exchange), the largest clearing house of derivatives and parent company of NYSE, to tokenize its securities including stocks, bond and derivatives.    And remember, Coinbase, ICE, Goldman Saches and the FED are all inter-connected.
- The stable coins, USDC (Circle/Goldman Saches coin) will first be backed by USD.   In other words, they will first tokenize the USD with USDC.  This is the first step to tokenize the financial assets.  Then they will issue tokens and back them with derivatives.  They will link the value of coins to the value of derivatives.   There will be all kinds of derivatives, corn, oil, natural gas…..  The key is the tokenization of derivatives will allow them to drain the purchasing power from derivatives into the crypto currency markets.  ICE will then be able to move the value of derivatives into these coins and then exchange them for BTC.   

When you link these paper derivatives contracts with a crypto currency like USDC that is actually pegged to US$, you can then have a representation of that derivative in a token that you can exchange for BTC.


This is what I think:
For example:
1 corn future contract for 1000 ears of corn is tokenized to a corn token called 1 CornToken
1 corn future contract = 10,000 USD
10,000USD = 10,000 USDC
1Corn Token=10,000 USDC
Now sell 1Corn Token for 10,000 USDC and then use the 10,000 USDC to exchange BTC.


-As a result, we will have not only HUGE money flowing into the crypto markets but also a flood of new coins/tokens pouring into the crypto market, for example, corn coin, gas coin, natural gas corn….


-As everything is being tokenized, Reggie’s Veritassium which is a peer-to-peer exchange system will probably do VERY WELL!

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