Stephen + 67 SM December 11, 2017 How serious is this? https://www.prnewswire.com/news-releases/oilcoin-the-worlds-first-legally-compliant-cryptocurrency-backed-by-oil-300569307.html Quote Share this post Link to post Share on other sites
LAOIL + 33 OS December 11, 2017 This is huge! It was only a matter of time. I'm sure there's quite a lot to it but definitely will be looking into further. Blockchain is going to revolutionize every industry, but I didn't think it would get to oil in this way so quickly. Quote Share this post Link to post Share on other sites
Seleskya + 50 AS December 11, 2017 Skeptical on this one. Hard to say that this will stabilize oil, isn't it? Because that's really what they're saying. Cryptocurrency is anything but stable. Quote Share this post Link to post Share on other sites
TraderTate + 186 TS December 11, 2017 Not sure I get the point from a trading perspective since they want to keep the price of 'oilcoin' close to the price of oil ... where's the upside? Quote Share this post Link to post Share on other sites
Carlsbad + 19 CB December 11, 2017 some calling it 'snake oil' https://www.reuters.com/article/us-currency-crypto-breakingviews/breakingviews-crude-backed-crypto-coin-is-mostly-snake-oil-idUSKBN1E22MV Quote Share this post Link to post Share on other sites
Seleskya + 50 AS December 11, 2017 Time to sit back and watch this unfold a bit because there are just too many cryptocurrencies rushing into the market right now. Even next week we'll get US bitcoi futures. Could play the volatility, but only really with bitcoin right now. Too many ICOs going on and probably more than half of them are dubious at best. Quote Share this post Link to post Share on other sites
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