Proof of Exchange Reserves
Era of standardisation begins As a technology matures and becomes more widely used, some form of standardisation is inevitable. There are two kinds of standards: Quality standards, such as verified exchange reserves, and interoperability standards. The Bitcoin exchange community…
Bitcoin Schism
Centralisation versus distributed anonymity The centralisers can be shut down by central bankers and subject to hacking a la Mt Gox. They are also in a better position to manipulate markets. The distributed network model has yet to be tested…
Can Local Government Crypto-Currencies Help Tackle Poverty?
LOCAL GOVERNMENT CRYPTO-CURRENCY TO PAY VOLUNTEERS – If HullCoin can spark a new inclusive economy which creates gives poor people guaranteed material benefits (e.g. rent, tax and food) from poor people doing voluntary work, then the strategy should work in…
Open Intelligence Alert: Trust is Not Just an Algorithm
According to the source, the Mt Gox debacle was not just a software glitch, but was the result of a systemic error. The article explains how the “Five Parties Model” (consisting of the Issuer, the Trustee, the Manager, the Operator and the…