#F. B. Housser

[asfaltics]

putterings, 487

  some later instances and adjacences, inadequate gestures, some obsolete  

                        puttering with his “philosophical language”   ₁                         for example, puttering with the doorjamb   ₂                         apart from the subject matter before them; nor did they allow themselves to become putterers in a blind alley of professional abstraction into which the layman cannot enter.                         I remember one evening   ₃                         not in real-time or movie-time, but in old-man-puttering-about time...   ₄                         He goes on to say, “In this unsettled period”   ₅ as if.               “I have stood on the bridge at midnight,”   ₆                         But language does not stand still.   ₇

—

sources and surrounds at 487  

puutterings     |     their index     |     these derivations     |     20241020  

[puutterings]

some later instances and adjacences, inadequate gestures, some obsolete

                          puttering with his “philosophical language”   ₁                         for example, puttering with the doorjamb   ₂                         apart from the subject matter before them; nor did they allow themselves to become putterers in a blind alley of professional abstraction into which the layman cannot enter.                         I remember one evening   ₃                         not in real-time or movie-time, but in old-man-puttering-about time...   ₄                         He goes on to say, “In this unsettled period”   ₅ as if.               “I have stood on the bridge at midnight,”   ₆                         But language does not stand still.   ₇

—

sources and detours at 487  

[vital-thinking]

F. B. Housser Quote ~ Science

F. B. Housser Quote ~ Science

Art is on the same adventure as Science, with this difference, that Science tries to comprehend Nature’s body while Art tries to apprehend her spirit. F. B. Housser quote. (wrote the Canadian Art Movement.)

[click2watch]

Security Token Startup Polymath Locks up 75 Million Tokens

Despite chilly market conditions, one startup is locking up approximately $9 million worth of its tokens for five years.

Polymath, a company best known for advancing the idea of security tokens (those designed explicitly to fit under current securities laws), revealed to CoinDesk that it is locking up 75 million of its POLY tokens. That’s 7.5 percent of the total supply, and a quarter of the current circulating supply.

“A lot of projects have shut down or done major layoffs lately due to lack of funds,” Polymath cofounder Chris Housser told CoinDesk in an email. “What we are demonstrating is that our treasury is healthy and we don’t have a need for these tokens at this time.”

Treasury management has been a hot topic in the blockchain industry as asset prices have dropped.

“Thankfully we decided early to diversify a lot of ETH/BTC holdings,” Housser told us. Polymath raised $58.7 million using a simple agreement for future tokens in January 2018, according to a filing with the SEC.

According to Housser, 57 percent of the locked-up tokens will come from those designated for the company and 18 percent will come from those designated for the founders. Per the terms of POLY’s smart contract, tokens are released for use periodically through 2022, but the team is redirecting part of these to a new smart contract that will hold them until January 1, 2024.

Users spend POLY tokens on the Polymath platform during the process of launching new security tokens. The company says 75 tokens have been created using the platform so far.

Though many things could be tokenized in the future, Housser says the strongest immediate interest appears to be in real estate. He wrote:

“People really like the idea of fractionalized ownership and the ability to own a piece of something that would be much more difficult to do in the traditional world. With more real-estate-based financial products on the blockchain, there will be greater ability to bundle these products to go long on certain areas and short on others.”

Today also saw news of multiple firms, including Anthony Pompliano’s Morgan Creek Digital, backing real-estate tokenization startup RealBlocks.

Limiting token releases or treasury payouts has been viewed positively by the industry. For example, Blockstack has taken a similar path in locking up tokens – though it took a milestone, rather than time-based, approach. The Beijing-based team building the Nebulas blockchain announced last August that it locked up founders tokens for a decade, though it subsequently laid off 60 percent of its staff.

Housser wrote of Polymath:

“We as a company and founders are committed to the project long-term.”

Safety deposit box image via Shutterstock

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The post Security Token Startup Polymath Locks up 75 Million Tokens appeared first on Click 2 Watch.

More Details Here → https://click2.watch/security-token-startup-polymath-locks-up-75-million-tokens

[vital-thinking]

F. B. Housser Quote ~ Spirit

F. B. Housser Quote ~ Spirit

Art is on the same adventure as Science, with this difference, that Science tries to comprehend Nature’s body while Art tries to apprehend her spirit. F. B. Housser, Canadian artist of the Group of Seven.