DirtiCoin™ is a Stable Fungible Cryptocurrency. In other words, it is a virtual currency.
The stability and value of DirtiCoin is backed by the value of real estate and liquid assets held by DirtiCoinMinting, LLC (the Company). DirtiCoin is a smart contract using the ERC-20 protocol of Ethereum. DirtiCoinDAO (the DAO) is the decentralized autonomous organization (DAO) controlling the monetary supply of DirtiCoin.
Who is the DAO
When you buy DirtiCoin you become a member of the DirtiCoinDAO (the DAO). You remain a member of the DAO for as long as you hold DirtiCoin. As a member of the DAO, you are able to vote on matters affecting the value of DirtiCoin. Specifically, these are the Coin Cap and burning authorization of DirtiCoin. These two items directly control the supply of DirtiCoin, hence, its value.
Real estate assets, liquid assets, minting, burning, and releasing of DirtiCoin are all managed by the Company. The Company manages these with the goal of protecting the assets entrusted to it from destruction by volatility and inflation. The Company maintains a publicly viewable, and regularly updated, Asset Ledger (the Ledger). The Ledger shows the value of real estate and liquid assets reserves backing the value of DirtiCoin. Based on legal precedents as wells as explanations and definitions provided by the US Securities and Exchange Commission (the SEC) DirtiCoin is a virtual currency. It is not a security.
Stable Fungible Cryptocurrency – Something Different But Better
Asserting that a new product is unique is cliché. Not all clichés are untrue. DirtiCoin delivers a unique value proposition. Others will imitate it. The good news is at the current time it does not currently exist in the marketplace. We are entering this market in a bear market and prepared to sustain into the bull!
Today, so-called stablecoins attempt to provide a non-volatile harbor to park your crypto-wealth. You may use this solution to consolidate your gains or weather a volatility event. Unfortunately, the recent collapse of TerraUSD (Osipovich & Ostroff, 2022) shows that stablecoins may not actually be stable. Because stablecoins are pegged to fiat currencies they are designed to pass along inflation. Inflation and volatility are two monsters that rob you of your wealth and its buying power.
Gold and Silver Scams
Some cryptocurrencies are offering to hedge against inflation. They claim to link their cryptocurrency to real-world precious metals such as gold and silver. Unfortunately, the values of both gold and silver are notoriously volatile. Speculators manipulate prices. New deposits of gold and silver add to the supply and decrease the value.
Even worse, the link between the cryptocurrency and the underlying asset is not direct. It is an exact equivalent to certificates for gold or silver. You don’t have ownership of any gold or silver. You can’t verify if the issuer has sufficient gold and silver in a vault to redeem all your certificates. Without verifiable and sufficient reserves your gold-backed-crypto may be worthless if the management company folds. Everyone has seen rug pulls and pump and dumps. The economic pirates doing these are a reality. You need to protect your wealth from the pirates, rogues, thieves, and shysters trying to steal it from you.
Stable Fungible Cryptocurrency – Real Estate.
Investing in real estate is one of the most proven successful means to protect wealth against both volatility and inflation. Real estate tends to retain and increase its value and often provides cash flows. Unfortunately, for you to buy real estate you need hundreds of thousands of dollars. When you buy real estate you take on significant risks. Risks are always something an experienced investor needs to consider. The risks than come with real estate ownership can very easily cost you much, or all of your wealth.
Fractionalized real estate ownership schemes attempt to lower the costs of entry to real estate investing while spreading the risks and the benefits. The market has begun to experience a flood of NFT-based fractional real estate ownership cryptocurrencies. There are several problems with all these fractional ownership schemes.
- NFT aren’t a legal ownership claim
- Just like that time-share condo your parents had, fractional ownerships are easy to buy and hard to sell
- You bear all the risks that come with direct real estate ownership
- The goal is to have an asset or currency that grows in value or holds its value.
You don’t need to take on more risks. What you need is an asset or currency that increases in buying power over time. You need something that hedges against inflation and volatility. You need DirtiCoin.
Low Risks, Best Rewards
Storing your crypto and fiat wealth in DirtiCoin lets you enjoy the benefits of low volatility and inflation protection which come from real estate. We hold all the real estate in trusts. Consequently, you enjoy the economic protections without bearing all the risks of direct real estate ownership.
The Asset Ledger Protects You
We publish our Asset Ledger (the Ledger) every month. The Ledger shows how much real estate and cash is backing the value of DirtiCoin. This removes any mystery around the true value of reserves protecting your wealth. This transparency allows you a sense of safety. Unlike currencies that are based a promise or a formula, DirtiCoin shows you the WHY behind the value. This is a game changer in the industry and allows you to have faith in your DirtiCoin currency. How many other currencies can you clearly define what their value is based on in todays market?
At least once each year the the Company brings in an outside auditor to verify the value of the Ledger. Audit results are published for you and the world to see. This verifies for you that the Ledger is an accurate measure of the reserves backing your DirtiCoin.
Conclusions
Because DirtiCoin is a true, fungible, currency it is liquid. DirtiCoin is a good place to protect your wealth against volatility and inflation. You realize that the biggest threats to your wealth are inflation and volatility. Avoiding inflation by investing in stocks, bonds, and crypto that offer a return or a speculative growth potential opens your wealth up to volatility. This threatens your financial security. In contrast, a stable currency that is backed by real estate is a huge benefit to your financial security. Move your wealth out of dying fiat and crypto currencies. Protect your wealth from volatile investments. Move your wealth into DirtiCoin today.
