Singapore’s Tembusu Systems raises $887k, dissociates from Bitcoin

[dregos]

https://www.techinasia.com/singapores-tembusu-systems-raises-887k-dissociates-bitcoin/

[Remember remember the 5th of November]

So they basically piggy-backed on Bitcoin, great. Use and discard seems to be today's motto.

[ðºÞæ]

best line in the article "It also lets users recover their money after a hacking incident" does that money come out of thin air?

[pedrog]

So they basically piggy-backed on Bitcoin, great. Use and discard seems to be today's motto.

Now they're piggy-backing on Ripple.

[LiteCoinGuy]

[Beymond]

This allows trusted individuals to make offline transactions, so business can be done even without an Internet connection.

HOW

[nikona]

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...

[Q7]

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.

[ranochigo]

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.

[Beymond]

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