When it comes to properties for the multiple-collateral industry, we tend to get caught up in the current hype. We focus too much on the technologies, the innovations, and the advancements in terms of how much we can support with a collateral system. But, the most important thing to realize is that the original idea of multi-collateral originated from the utilization of the multi-currency systems. The basic difference in an auction and a cryptocurrency is the fact that when you decide to bid on something, you get paid in dollars, and when you decide to buy something, you can pay in dollars or in another currency of your choice.
If you think about it, you can see why it works so well. You can have an auction set up like this and it will work just fine, because there are a lot of buyers and sellers competing against each other. You can set a starting price that seems fair, but, for example, if the object being auctioned off is a 20-year old antique, then the same bidding price can apply in many other cases.
What makes the eBay auction different from a cryptocurrency auction is that you have an intermediary that has seen and experienced the market, and he knows what works and what doesn’t. Now, the intermediary doesn’t own the piece that he’s selling, so he has to make a decision, based on which way the market is going to go. If you think about it, when you go to eBay, you are not going to be able to take possession of any property if you don’t pay for it, and, that’s where you have to rely on other people who do. The investment is almost always greater than the amount of money that you put into it. So, in that case, it is more sensible to take a piece of property that you’ve seen and if you think it’s worth something, it’s probably worth something else.