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Topic: [2015-11-23] The Bankchain Part III: Issuing IOUs (Read 323 times)

hero member
Activity: 663
Merit: 501
quarkchain.io
November 24, 2015, 11:02:34 AM
#2
can we please stop using the word "bankchain" and go back to the more descriptive term "shitcoin"?
legendary
Activity: 1596
Merit: 1010
The concept of bankchains is quite appealing to people active in the financial sector, but the inherent issues and questions associated with this tool need to be addressed first. Besides issuing currencies over the bankchain, the ability to issue different products can also be a powerful tool. Even though hardly anyone in the Bitcoin community is in favor of IOUs in general, once they are issued on a blockchain, things take on an interesting perspective.

https://news.bitcoin.com/bankchain-part-iii-issuing-ious/
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