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Author Topic: [2014-08-01] Mt. Gox, Ripple Founder Unveils Stellar, a New Digital Currency Pro  (Read 623 times)
cescan
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August 01, 2014, 09:09:47 AM
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http://blogs.wsj.com/moneybeat/2014/07/31/mt-gox-ripple-founder-unveils-stellar-a-new-digital-currency-project/

Mr. McCaleb’s new project is a network system called Stellar that promises a bridge between the virtual and traditional currency worlds . It will use a decentralized network of computers run by so-called “gateway” institutions – banks and other financial firms — to cheaply and efficiently manage and authenticate a public record of transactions. Those gateways provide the exchange services that allow outside customers to send money to others anywhere in the world.

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Kprawn
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August 01, 2014, 09:38:45 AM
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Well a lot of true bitcoin users, who wants a bit of anonymity, will not go for this one, because it links to your Facebook account, and that infringe on your privacy.  Sad

A ripple ripoff with a twist. {I can however see why some banks would rather accept this coin above other crypto currencies, because it authenticate the owner of the coins in a way.}

Facebook accounts are easy to fake, so I do not think this is the answer, to counter anonymity.

Signature space available for your Ads :-.>
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August 01, 2014, 09:50:47 AM
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MtStellar  Tongue

but to be honest: a ripple clone. also centralized. not with me.

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August 01, 2014, 11:59:28 AM
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If you want bitcoin and other cryptos to be widely accepted - keep it simple. Ripple is too complicated and this is just another one like that.
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