Why Goosie?
Reducing exposure to Bitcoin’s downside volatility
Goosie are always minted at 51% of the value of the Bitcoin collateral deposited. 1% is for the system. 50% are for the man or woman to spend. This means by default 50% of a man or woman’s Bitcoin held in the protocol are protected from their downside volatility. Their Bitcoin may go down but they have secured the original deposit value by minting Goosie whose value, pegged to gold, remains relatively stable. This reduces the downside volatility of their Bitcoin while retaining its upside potential.
Double Bitcoin ownership at no cost
By using the Goosie minted to purchase more Bitcoin men and women can double the Bitcoin they own. Excluding fees and any changes to the price of the coin, if they use their Goosie to purchase more Bitcoin eight times they will have doubled their ownership. Each time they deposit half the previous amount of asset and have half the amount of Goosie minted against them.
Asset Total Goosie Minted
1 -
1.5 50%
1.75 25%
1.88 13%
1.94 6%
1.98 2%
1.99 1%
2 0%
Men and women can use Goosie minted by the protocol to double the Bitcoin they own no cost to themselves.
Money to spend
The smart contract automatically issues Goosie as a self-loan to 51% of the value of the Bitcoin posted. Excluding the 1% given for the use of the system this immediately unlocks liquidity to 50% of the value of their Bitcoin to spend as they choose. Their Bitcoin is held securely in the smart contract over which they retain full control. No third party is involved. They release the asset at any time by repaying the gold value of the Goosie they have lent to themselves.
Stable money
Goosie is pegged to the value of gold. Gold remains the world’s most enduring measure of stable value.
No margin call
Other forms of lending require a margin call. This means that if the value of the asset a man or woman has deposited for a loan drops below a given threshold the asset is automatically sold in order for the lender to recoup the value of their loan.
As such margin calls present a significant risk for men and women seeking loans as they can lose some or all of the value of the asset deposited as collateral.
This risk is eliminated with Goosie are there are no margin calls.
No tax
Crypto-currencies are treated in most jurisdictions as property. This means that the sale of the crypto coin is a taxable event if there has been an increase in its value. However men and women are not taxed on loans they take out from a legacy bank or DeFi lender.
Goosie are loans and hence the issue of Goosie is not a taxable event even though the man or woman gain new coins worth 50% of the value of the Bitcoin deposited.
No loss of Bitcoin’s upside potential
Using Bitcoin as money removes the opportunity to participate in its upside potential. By spending Goosie instead men or women retain the upside potential of their Bitcoin while having money to spend.
Interest free loans
By using the protocol men and women receive money at zero interest. Their only costs is the 1% system contribution and other transaction costs.
Secure
Men and women using the protocol retain control of their Bitcoin at all times. There is no third party involved and their Bitcoin is not pooled with that of others.
No national jurisdiction
By operating as a private club instead of an incorporated body, like Bitcoin itself the protocol is less vulnerable to regulatory changes.
Keep on earning
Men and women can increase their liquidity in line with the rising value of their Bitcoin collateral by minting more Goosie.
Goosie are always minted at 51% of the value of the Bitcoin collateral deposited. 1% is for the system. 50% are for the man or woman to spend. This means by default 50% of a man or woman’s Bitcoin held in the protocol are protected from their downside volatility. Their Bitcoin may go down but they have secured the original deposit value by minting Goosie whose value, pegged to gold, remains relatively stable. This reduces the downside volatility of their Bitcoin while retaining its upside potential.
Double Bitcoin ownership at no cost
By using the Goosie minted to purchase more Bitcoin men and women can double the Bitcoin they own. Excluding fees and any changes to the price of the coin, if they use their Goosie to purchase more Bitcoin eight times they will have doubled their ownership. Each time they deposit half the previous amount of asset and have half the amount of Goosie minted against them.
Asset Total Goosie Minted
1 -
1.5 50%
1.75 25%
1.88 13%
1.94 6%
1.98 2%
1.99 1%
2 0%
Men and women can use Goosie minted by the protocol to double the Bitcoin they own no cost to themselves.
Money to spend
The smart contract automatically issues Goosie as a self-loan to 51% of the value of the Bitcoin posted. Excluding the 1% given for the use of the system this immediately unlocks liquidity to 50% of the value of their Bitcoin to spend as they choose. Their Bitcoin is held securely in the smart contract over which they retain full control. No third party is involved. They release the asset at any time by repaying the gold value of the Goosie they have lent to themselves.
Stable money
Goosie is pegged to the value of gold. Gold remains the world’s most enduring measure of stable value.
No margin call
Other forms of lending require a margin call. This means that if the value of the asset a man or woman has deposited for a loan drops below a given threshold the asset is automatically sold in order for the lender to recoup the value of their loan.
As such margin calls present a significant risk for men and women seeking loans as they can lose some or all of the value of the asset deposited as collateral.
This risk is eliminated with Goosie are there are no margin calls.
No tax
Crypto-currencies are treated in most jurisdictions as property. This means that the sale of the crypto coin is a taxable event if there has been an increase in its value. However men and women are not taxed on loans they take out from a legacy bank or DeFi lender.
Goosie are loans and hence the issue of Goosie is not a taxable event even though the man or woman gain new coins worth 50% of the value of the Bitcoin deposited.
No loss of Bitcoin’s upside potential
Using Bitcoin as money removes the opportunity to participate in its upside potential. By spending Goosie instead men or women retain the upside potential of their Bitcoin while having money to spend.
Interest free loans
By using the protocol men and women receive money at zero interest. Their only costs is the 1% system contribution and other transaction costs.
Secure
Men and women using the protocol retain control of their Bitcoin at all times. There is no third party involved and their Bitcoin is not pooled with that of others.
No national jurisdiction
By operating as a private club instead of an incorporated body, like Bitcoin itself the protocol is less vulnerable to regulatory changes.
Keep on earning
Men and women can increase their liquidity in line with the rising value of their Bitcoin collateral by minting more Goosie.