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Author Topic: Which is closest to Mr. Robot's E-Coin: Ripple or Tether?  (Read 215 times)
CriminologyProf
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September 17, 2017, 12:37:22 AM
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For those who haven't seen the show, (MAJOR SPOILERS AHEAD), E-Coin is a fictional cryptocurrency developed by big corporations in the wake of a global financial collapse in order to keep control of the financial market and take power away from Bitcoin.

Do you see either Ripple or Tether taking on this role in the future?
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alani123
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September 17, 2017, 12:45:21 AM
 #2

Tether is literally using a technology ON bitcoin, the Omni layer (AKA Mastercoin). Without bitcoin, Tether doesn't exist.

Ripple is another story, but I don't think it's close to what's in the series. I think that a more simple structure would fit what's described, like perhaps e-banking with a global electronic asset that's going to serve corporations more than it serves a state-centered economy. The series goes a bit too far to portray such evils of corporations (literally naming the biggest corporation Evil Corp etc.)














 

 

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CriminologyProf
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September 17, 2017, 01:05:33 AM
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Tether is literally using a technology ON bitcoin, the Omni layer (AKA Mastercoin). Without bitcoin, Tether doesn't exist.

Ripple is another story, but I don't think it's close to what's in the series. I think that a more simple structure would fit what's described, like perhaps e-banking with a global electronic asset that's going to serve corporations more than it serves a state-centered economy. The series goes a bit too far to portray such evils of corporations (literally naming the biggest corporation Evil Corp etc.)

Well I mentioned Tether because, like the fictional E-Coin, it is kept equal to 1 of the native currency (in this case, $1) and Ripple because it is maintained by the "establishment".

E-Coin in the show does function like a cryptocurrency, with wallets and private keys, etc.

Was just curious what others thought may be the "chosen coin" by big business and the Banks in the event of such a financial crisis where fiat currencies become worthless from inflation and/or lack of trust. Surely they would frown on and do everything in their power to fight or shut down an unregulated currency like Bitcoin from taking over.
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