Out very soon, the new version of Ripple has has undergone a dramatic renovation.
Ripple was created by Ryan Fugger in 2006 as a trust network where people can grant each other credit, and anyone can ‘be their own bank’. The project has since been acquired by a team of developers including Mt. Gox creator Jed McCaleb. Ryan’s trust network is still there, but it is now one feature of a much expanded system.
The new features of the soon to be open source software include the possibility for a decentralized currency exchange, a p2p transaction network, “Gateways” for bringing other currencies into the system, and Ripples (XRP), a new digital currency.
Continue reading “The new Ripple, a decentralized exchange, a payment system, and a currency all its own”
Part I looks at the motivation behind Voucher-Safe, the evolution of digital currency and how Voucher-Safe transactions work.
In this part we examine the Voucher-Safe economy, trust, security and software.
Continue reading “Voucher-Safe, a Next Generation Digital Currency – Part II”
Monetas is building software for a decentralized financial and legal system that is less dependent on traditional bankers and lawyers.
The business’ founders, Chris Odom (Fellow Traveler) and Johann Gevers aim to make this ‘financial system 2.0’ possible by developing commercial versions of the Open Transactions digital finance library. This software will allow digital finance entrepreneurs to startup micropayment services, financial markets, community currencies, escrow services, and many others all without depending on the traditional banking or legal system.
Johann, Monetas’ CEO, recently shared with me his thoughts on finance, his belief in decentralized systems and his plans for Monetas.
Continue reading ““Powered by Monetas””
In an interview with RT’s Laura Smith conducted in Ecuador’s London embassy, Assange says that nearly everything everyone does online is permanently recorded as it is cheaper to spy on everyone rather than single people out.
“We have this position where as we know knowledge is power, and there’s a mass transfer as a result of literally billions of interceptions per day going from everyone, the average person … all the infrastructure has been built for absolute totalitarianism It’s just the matter of turning the key.”
Continue reading “Assange tells RT that the internet has become a tool for totalitarian rule”
Digital Gold Currency is a fantastic idea. Gold enjoys thousands of years of history as an excellent currency and store of value. It is a form of money that is constantly chosen by the market and that needs no legislation to support its value. Gold is stable, solid and cannot be pulled out of thin air. With modern technology gold can be used as a currency online without any more effort than it takes to check your email. Brilliant!
But as DGC’s were starting to take off and be recognized for their many benefits, the rug was pulled out from under the industry with the prosecution of e-gold. The old DGC business model is centralized and vulnerable to seizure, censorship and prohibitive regulation.
The Voucher-Safe system allows for a more decentralized, Anti-Money Laundering compliant way to anonymously exchange value. It’s DGC 2.0, a more flexible and resilient system where anything can be money. “The idea behind voucher-safe is that it isn’t about making just one thing money. Money can be gold, it can be existing national fiat currencies, it can be bitcoins, it can be silver, it can be anything of value that people want to exchange.”
Continue reading “Voucher-Safe, a Next Generation Digital Currency – Part I”
Bitcoin is not about making rapid global transactions with little or no fee. Bitcoin is about preventing monetary tyranny. That is its raison d’être.
Continue reading “Jon Matonis: Bitcoin Prevents Monetary Tyranny”
Vietnam’s gold ban, ‘ghost inventories’ in China’s steel industry, more community currencies, possibilities for exotic new transaction types with Bitcoin and more.
Continue reading “Bits and Pieces 22ndSep”
Would Hayek have been a fan of Bitcoin? Could ‘key disclosure’ be used to confiscate Bitcoins? Will we some day have gold backed Bitcoins?
A few interesting thoughts and links as a follow up to my last post on Bitcoin.
Continue reading “More Wrestling with Bitcoin”
So much to blog about, so little time.
WebMoney, FBI surveillance, encryption and Thomas Jefferson, GoldMoney, and more.
Continue reading “Bits and Pieces 10thSep”
Don’t get me wrong, I’m not suggesting you sell your gold for Bitcoins. What I’m saying is although they may not realize it, Bitcoin is a goldbugs friend. It has a real chance of changing the way the average person thinks about money and that is good news for anyone who is not a fan of fiat.
Continue reading “Wrestling with Bitcoin. Why even hard-core goldbugs should respect and support cryptocurrencies.”