Mobick Consols

Sep. 29, 2024

There are many things I have learned from Oh, the founder of Mobick, and this 'consol' concept is a recent addition to that list.  

The British Consols were a form of government bond in the UK. The term "Consols" is short for "Consolidated Annuities," and they were first issued in 1751. These bonds were unique because they were perpetual bonds, meaning they had no fixed maturity date. The British government would pay interest indefinitely until they decided to redeem them. The last of these bonds were redeemed in 2015.

Were the bonds considered an attractive investment back then?  Yes. Even though Consols had no maturity date—meaning investors couldn't expect to get their principal back—they offered a steady and reliable stream of interest payments. For conservative investors, such as pension funds or individuals looking for a safe place to park their money, the stability and predictability of these payments were very appealing.

The fact that the British government was highly unlikely to default made Consols a low-risk investment. Over time, the interest payments would cover the initial principal, and because Consols could be traded on the secondary market, investors also had the option to sell their bonds if they needed liquidity before recouping their full investment through interest payments.

For these reasons, Consols were considered a cornerstone of many investment portfolios, especially during the 18th and 19th centuries. The combination of low risk, steady income, and the prestige of investing in government debt made Consols a go-to choice for many seeking financial security.

So, why is this relevant to Mobick? Well, Oh is planning to issue his own version of Consols and make them a cornerstone of DeFi, which can be a foundation for more complex financial products.  The Mobick Consols could offer perpetual  interest payments to holders, creating a reliable income stream. The suggested period at the moment is 100 years, which is more than enough to cover a lifetime. Since Mobick public funds are practically unlimited, Mobick is robust enough to ensure continuous 4% interest payments per year. In the volatile world of crypto, a stable, low-risk investment option like the Mobick Consols could appeal to many risk-averse investors. By leveraging blockchain technology, the issuance and management of these Consols could be completely decentralized and transparent. Smart contracts could automate interest payments, ensuring trust in the system. The greatest thing about it is that you don't have to buy anything from anyone. You simply send your 200 MO to a specific address of your own and keep them in your own custody. You can spend your interest payments and still earn future interest as long as you keep your principal intact.

I'm not a smart guy, but I see no reason not to get one of the Consols. If the project is unlikely to default, most current holders, as well as new investors, would be eager to get them. The British Consols were a popular investment thanks to the British government's strong creditworthiness. So, there’s only one question you should ask before making your decision: could the price of Mobick go to zero?

If South Korea, the US, and Australia were to impose draconian regulations on Mobick simultaneously—such as banning its use, mining, and trading—it could severely limit its adoption. While it might still survive hidden under the radar, its use and value could be drastically reduced. However, this hypothetical scenario is unlikely to happen in the real world. If Mobick avoids a death spiral, its creditworthiness is secured. If you're a seasoned trader who can easily beat a 4% interest rate per year, you might ignore this and move on. But most people aren't skilled traders, and they would prefer interest payments that are distributed perpetually. As for me, the focus is on the stability and predictability of returns, not on gambling.  Let’s say the price of Mobick is around $1,000. The annual interest from your Mobick Consol with 200 MO would be $8,000. Since this initiative is set to last for 100 years, let’s extrapolate further and imagine a scenario where 1 MO is valued at around $10,000. Now, your annual interest would be $80,000, which is enough to cover living expenses for many people. You could live off the interest from the Consols. 

Every investment has its own inherent risk. Mobick Consols is the first one I’ve encountered that has none. Since you own and manage your assets with your private key, there is no counterparty risk. You can receive interest periodically, much like Bitcoin miners receive block rewards, which strengthens the entire system day by day. Could other crypto projects pull this off as well? Yes, if they have enough public funds to sustain perpetual interest payments like Mobick does. Please let me know if you find one. 

And this might be the future of something much bigger, and it's definitely something I want to be a part of.

#Mobick #BTCMobick #MobickConsols

[ Null Addresses ]

: To purchase a Consol wallet, you need to burn your Mobick first by November 30, 2024 

10 MO Wallet  - Burn  0.1 MO

1Mobick1oMoburnedxxxxxxxxxxuAtbrT

50 MO Wallet - Burn  0.2 MO

1Mobick5oMoburnedxxxxxxxxxxzJ9SJP

100 MO Wallet - Burn  0.3 MO

1Mobick1ooMoburnedxxxxxxxxxyRahSq

200 MO Wallet - Burn  0.4 MO

1Mobick2ooMoburnedxxxxxxxxy3dw2tf