Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: dregos on February 22, 2015, 01:40:45 PM



Title: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin
Post by: dregos on February 22, 2015, 01:40:45 PM
https://www.techinasia.com/singapores-tembusu-systems-raises-887k-dissociates-bitcoin/


Title: Re: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin
Post by: Remember remember the 5th of November on February 22, 2015, 01:56:09 PM
So they basically piggy-backed on Bitcoin, great. Use and discard seems to be today's motto.


Title: Re: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin
Post by: ðºÞæ on February 22, 2015, 02:03:07 PM
best line in the article "It also lets users recover their money after a hacking incident" does that money come out of thin air?


Title: Re: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin
Post by: pedrog on February 22, 2015, 03:37:11 PM
So they basically piggy-backed on Bitcoin, great. Use and discard seems to be today's motto.

Now they're piggy-backing on Ripple.


Title: Re: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin
Post by: LiteCoinGuy on February 22, 2015, 03:38:30 PM
http://4.bp.blogspot.com/_Ac6EnlmP8MY/TPhXgMPaDzI/AAAAAAAAeHo/-nflu-2aVxg/s1600/rip.gif


Title: Re: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin
Post by: Beymond on February 22, 2015, 03:48:42 PM
This allows trusted individuals to make offline transactions, so business can be done even without an Internet connection.

HOW ???


Title: Re: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin
Post by: nikona on February 24, 2015, 01:06:58 PM
So they basically piggy-backed on Bitcoin, great. Use and discard seems to be today's motto.

lol...sadly yeah... Thats seems to be the course of action for most of the companies now a days...


Title: Re: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin
Post by: Q7 on February 24, 2015, 02:18:52 PM
It's typical to see one startup venture comes and then go and the  next thing you know, there's another one coming along. It's just part of what you call business. But one thing that really caught my attention is I wonder how the new asset backed blockchain will work out especially with its offline transaction ability.


Title: Re: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin
Post by: ranochigo on February 24, 2015, 03:59:17 PM
This allows trusted individuals to make offline transactions, so business can be done even without an Internet connection.

HOW ???
You can ask another person to sign a transaction and give the data to you. When you have the internet, you can then broadcast it. This process is extremely complicated and a lot of trust is needed. The person can just broadcast another signed transaction to another address before you broadcast it.


Title: Re: Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin
Post by: Beymond on February 25, 2015, 06:42:43 AM
This allows trusted individuals to make offline transactions, so business can be done even without an Internet connection.

HOW ???
You can ask another person to sign a transaction and give the data to you. When you have the internet, you can then broadcast it. This process is extremely complicated and a lot of trust is needed. The person can just broadcast another signed transaction to another address before you broadcast it.

Okay! so we need good trust but that can be done this way
Though quite complicated