Topic: Central banks beat Bitcoin at own game with rival supercurrency - page 2. (Read 1110 times)
People here can laugh at this article and the "super coin" but the average joe will accept this with open arms since it's coming from a "very trusted" source. When it comes to Bitcoin, they see it as shady. Big difference.
It's centralized . Bitcoin > anything centralized . As simple as that .
http://www.telegraph.co.uk/business/2016/03/13/central-banks-beat-bitcoin-at-own-game-with-rival-supercurrency/
The whole article is pure awesomeness!
Read it and laugh or cry, whatever you want.
Quote
The proto-currency known as RSCoin has vastly greater scope than Bitcoin, used for peer-to-peer transactions by libertarians across the world, and beyond the control of any political authority.
The RSCoin is deemed more likely to gain to mass acceptance than Bitcoin since the ledger would remain exclusively in the hands of the central bank, with the 'trust' factor of state authority.
Bitcoin is inherently limited, a niche for aficionados and the ideological heir's of the 19th Century 'free banking' movement. Its code restricts it to a limit of 21 billion Bitcoins, and it can handle only seven transactions per second. "It is a Peter Pan system, and it doesn't really grow up," said Dr Danezis.
The RSCoin is deemed more likely to gain to mass acceptance than Bitcoin since the ledger would remain exclusively in the hands of the central bank, with the 'trust' factor of state authority.
Bitcoin is inherently limited, a niche for aficionados and the ideological heir's of the 19th Century 'free banking' movement. Its code restricts it to a limit of 21 billion Bitcoins, and it can handle only seven transactions per second. "It is a Peter Pan system, and it doesn't really grow up," said Dr Danezis.
The whole article is pure awesomeness!
Read it and laugh or cry, whatever you want.
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