Author

Topic: How would BTC-IOU look like? (Read 844 times)

donator
Activity: 1218
Merit: 1079
Gerald Davis
June 10, 2013, 10:58:56 PM
#2
Your MtGox balance is an IOU.  You don't have the BTC they do.  They are just promising to allow you to withdraw your balance on command in the future. 
sr. member
Activity: 405
Merit: 255
@_vjy
June 10, 2013, 10:56:44 PM
#1
If IOUs were to be implemented in Bitcoin, then how would BTC-IOU look like?
Is it even possible to implement BTC-IOU with Bitcoin. I'm confused. Huh
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