Bitcoin Forum
December 13, 2017, 04:31:07 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 [2]  All
  Print  
Author Topic: Open-Transactions announcement: new GUI mock-ups / Monetas  (Read 3310 times)
Explodicle
Hero Member
*****
Offline Offline

Activity: 947


View Profile
August 08, 2012, 10:24:07 PM
 #21

Don't we want people with good information to contribute without needing to retain large amounts of capital?

"I know what will turn this company around!"
Buy low
Vote smart
Price goes up
Sell high
1513139467
Hero Member
*
Offline Offline

Posts: 1513139467

View Profile Personal Message (Offline)

Ignore
1513139467
Reply with quote  #2

1513139467
Report to moderator
1513139467
Hero Member
*
Offline Offline

Posts: 1513139467

View Profile Personal Message (Offline)

Ignore
1513139467
Reply with quote  #2

1513139467
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513139467
Hero Member
*
Offline Offline

Posts: 1513139467

View Profile Personal Message (Offline)

Ignore
1513139467
Reply with quote  #2

1513139467
Report to moderator
1513139467
Hero Member
*
Offline Offline

Posts: 1513139467

View Profile Personal Message (Offline)

Ignore
1513139467
Reply with quote  #2

1513139467
Report to moderator
keo
Newbie
*
Offline Offline

Activity: 13


View Profile
September 04, 2013, 12:16:06 AM
 #22

Quote
Can you explain to me how you think real world cash will make its way into this system?

For instance to replace current bitcoin exchanges, there needs to be some kind of "bank" entity that accepts cash and gives out a "CompanyABC USD cash value" that can be bought and sold from this company, and then into any other currency on the open transaction market?  Or do you think it is more likely that people will deal cash in person and then transfer a digital assets?

With or without OT, people will use exchanges and banks to move in-and-out of "real cash" (as you put it.) This is already occurring (see MtGox for example...)

The long-term solution--to eliminate exchanges entirely as a bottleneck--will happen with the Ripple protocol.


You have the same problem with Ripple: unless you're depositing XRP, you will have a currency issued by someone who's backing its issued currency with real cash (or Bitcoin or clams).

So that will be the point of entry for fiat -> digital currency, and there's your exchange.

Unless I'm missing something.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!