Bitcoin value real time
Innovation, Real-Time Transparency, and why Uphold is the safest and most useful place to hold your bitcoin, fiat, precious metals… and your Vox.
Building a successful start-up has been compared to racing a boat even as you build it. At Uphold we’ve given ourselves the added challenge of real-time transparency, which means that how fast we’re going ($875mm in transactions and accelerating) and the new features we’re adding to go even faster (like connecting to the world’s bank networks and supporting promising new asset classes like the Voxel (VOX)) are a matter of public record.
In a world of opaque financial services (both legacy banks and new cryptocurrency-based businesses), Uphold’s independently verified (audited quarterly) transparency system provides a real-time proof of our reserve's solvency and makes Uphold the safest place to hold money in any form.
The Internet of Money™ = All Forms of Value
Supporting the VOX is an example of our commitment to enabling our members to hold value in any form, in the same way the Internet supports every conceivable form of information. As we’ve communicated previously, In 2016 we will be adding more traditional asset classes to our platform, including US stocks. Uphold’s support of the VOX is also a proof-of-concept of how we can bring liquidity and convertibility to closed-loop currencies, such as airline miles, in-game currencies, loyalty points, etc.
We believe VOX, as the in-platform currency of Voxelus and Reality Lab, has a very bright future. We encourage you to check out Voxelus - it's a compelling platform. We also believe that supporting previously closed-loop currencies like VOX in exchange for a percentage of those currencies' float is an interesting template for future revenue lines. But neither of those beliefs impacts our solvency. Remove VOX from our full reserve and from our obligations to Uphold members and we are still fully reserved.
The value of the VOX in our system is pegged to the VOX price at the end of its crowd-sale (which, in turn, is pegged to BTC). Once the VOX becomes freely tradable (upon the opening of Voxelus marketplace, slated for the end of March), the value of the VOX in our reserve and Uphold’s VOX obligations to our members will be determined through market activity carried out between independent exchanges (currently seven slated for launch) where VOX will be traded. If the VOX price drops to zero (which we think unlikely given the size of Voxelus’ addressable market and its progress to date), Uphold will still have acquired valuable experience, technical capabilities and know-how, adding non-traditional asset classes to our platform... knowledge that can be applied in myriad downstream applications. If, as we believe likely, VOX succeeds in becoming a sort of proxy for the growth of VR, Uphold could at some point in the future profit for supporting the development of a valuable new currency. Either way, we're very excited for VOX's future.
Innovating in Public
This is what innovation with real-time transparency looks like. Moving fast while hiding nothing can sometimes create confusion and give unscrupulous competitors and trolls the opportunity to spread misinformation. This happened yesterday when an ‘anonymous’, 12-hour-old reddit user sought to spread false information. Ultimately the facts are public and there are no secrets, which numerous commentators of the post have highlighted. In the end, this reddit post served to highlight Uphold's deep commitment to financial transparency and our Company's significant benefits over others in this space.where to get workers permit? what are the 5 stages of development? when products held in inventory are sold? how much system data is normal on iphone? when device a has a cable? how much workers compensation cost? where to find solutions? where heavy equipment? what company is worth the most? where to find road map? where to business name registration? how much solution for tb skin test? why project managers are important? when london was founded? what solution does walter have? whom definition? how many development cards per turn? why tech sales? why startups fail summary? why system variables are not editable? how much technology do we need? why product management? which technology is used to adjust weegy? how much design freelance? what manufacturer makes jeep? how many tech companies in the us? when project management goes wrong? who medical equipment list? who science in 5? how start up works? how much system storage mac? what london bridge is in arizona? how management principles are derived? when science found god? whose business is safeguarding? how solution set? when design user interface? who road map? who product iphone? dance where solutions? where design is found? why device drivers are important? what management consultants do? where device settings on iphone? what device is this mac address? when technology fails? which device performs the function of determining? who studies science? who technology and health? how much start up capital is required? what entrepreneur should i be? how often roadmap releases are published? whose manager of salford city? who project manager? what project is lil wayne from? where science and magic meet? who's and whose examples? what is far in development? where's device management on iphone? whom synonyms and antonyms? which technology is not a form of broadband? why london business school? where do thoughts come from science? which product is an example of a capital good? where does at start? how many startups are there in india? how much system 12 itoto? why london is overrated? which solutions are strong acids? how much tech youtube? how many product managers at google? who system building blocks? what london airport to fly into? how often does technology malfunction? when system restore doesn't work? which london airport to fly into? what system is the heart in? where science fails? how workers compensation insurance works? when equipment is purchased entirely through a loan? what product protects polish from chipping? how much solution for bissell little green? where business logic in mvc pattern? does development mean progress? why technology is important? startup where to watch? who management of chronic disease? how much science diet to feed my dog? how product and marketing work together? when management is the problem? why project fail? how many entrepreneurs are there in the us? how many business days in 2022? when workers refuse to work? how entrepreneur helps in economic development? which business makes the most money? how science is unlocking the secrets of addiction? whom def? who teaching resources? what management style do you prefer? on start up synonym? where's the london bridge? how many startups are there in india? what technology was based on observations of nature? where london is located in world map? who owns positive solutions? roadmap when can you stay overnight? where device settings on iphone? which product is an example of a capital good? why management is important in business? what teaching means to me? what start up chemicals for hot tub? where engineering was invented? why solution is a homogeneous mixture? who devised the metric system? the de whose solution is y csinx? how much technology is used daily? how teaching happens? where to go london? which project are you choosing in french? where to watch project runway? where to set system property in java? how often london bridge opens? manufactured home? how many design styles are there? who technology addiction? why business school? roadmap what does it mean? who workers compensation insurance? which device performs the function of determining? how tech companies are valued? how product and marketing work together? how much science do we know? who product iphone? what management styles are there? what product is dr pepper? how long startup repair windows 7? how much technology do we need? when business need to formalize the information? how far technology has advanced? london who started the great fire? how many company in usa? how many science passages are on the act? how teaching has changed? where system root is the c drive? where to launch model rockets? where to design shirts? what company makes plan b? how much london visa cost? how manager build trust? where is origins product from? where to find device id on iphone? who road map? how business days in a year? how many startup in india? where to design business cards? where to teach driving near me? who teaches aang firebending? how long project baseline results? why entrepreneurs can't work for others? where project manager can work? when startup become unicorn? how teaching should take place? how design magazine? where to solve math equations? what entrepreneur should have? what project is stitch? why road map? how much development is important for a country? whose immune system is stronger? who manager got sacked? which science class is the easiest? what entrepreneur mean? where london magazine? where to watch project x? when technology fails? whose product is 12 and sum is 7? why entrepreneur is a risk taker? how community solutions? how many design patterns are there in microservices? how many tech companies are in the bay area? where device name? which teaching method is best? how science works flowchart? how project iphone to tv? how much technology is used in schools? how many london airports are there? why technological and institutional reforms are required? where is number system from? what product sells the most on amazon? where to get business from? how many solutions calculator? when design thinking is relevant? worm device? who engineer architect? which tech career is right for me? when management doesn't care? where's the london stadium? who technical officer salary? how often is continuously? who's are whose?