Sure, the news is most likely real, but the attempts mean nothing, it's the results that count.
Suddenly everybody wants to have their own crypto. Apple, Blizzard and now Dell... My prediction is they will all fail miserably.
Topic: [2015-03-13] IBM and Federal Reserve want to create a Bitcoin Knock-Off - page 2. (Read 2821 times)
March 14, 2015, 09:21:54 PM
March 14, 2015, 07:42:50 PM
Yeah, you don't need a blockchain for this, just IBM and the central banks maintaining a ledger. It takes just the buzzwords and removes the benefits so that they can try to get in on the hype without anything real.
It uses a centralized blockchain so that you get something less secure than a decentralized leader that is more costly and less efficient than a regular ledger.
Seems just a way to try and control something while trying to mislead everyone about the loss of security and benefits.
It uses a centralized blockchain so that you get something less secure than a decentralized leader that is more costly and less efficient than a regular ledger.
Seems just a way to try and control something while trying to mislead everyone about the loss of security and benefits.
March 14, 2015, 04:29:49 PM
Transferring value by assigning it to new owners in a ledger has been done for thousands of years. Bitcoin is new because for the first time this can be done without a trusted ledger keeper. Technologically a centralised ledger is much more efficient. Bitcoin can compete because no real life ledger keepers can actually be trusted. They are too vulnerable to coercion and corruption.
According to the Reuters article these people want to use the less efficient Bitcoin technology and have in centrally controlled by vulnerable organisations, combining the worst of both worlds.
According to the Reuters article these people want to use the less efficient Bitcoin technology and have in centrally controlled by vulnerable organisations, combining the worst of both worlds.
March 14, 2015, 03:02:17 PM
they should call it the debit card.
March 14, 2015, 09:26:09 AM
It is something that will or would happen anyway. Current world economy and fiat are well connected and won't part ways.
They will work on something that can bring their soo loved old financial system to a whole new level without losing any control.
They will work on something that can bring their soo loved old financial system to a whole new level without losing any control.
March 14, 2015, 06:25:13 AM
Found here:
https://www.cryptocoinsnews.com/ibm-federal-reserve-want-create-bitcoin-knock-off/
Don't know if the source posted real news, but looks real to me.
https://www.cryptocoinsnews.com/ibm-federal-reserve-want-create-bitcoin-knock-off/
Don't know if the source posted real news, but looks real to me.
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