Australia's largest stock trading and investment forum Australia's #1 stock forum

Hi Abdm, r u able to share any thoughts on OBJ? cheers,

First 57 Last

Share
Profile

Follow
alannnnnnn

2,593 Posts.

154

02/02/18

16:06

Post #: 30776743
Share

Originally posted by abdm ↑

Hi Cuse,

IvyKoin's business model proposes the addition of a second intermediary for each transaction. How does this improve on Satoshi Nakamoto's original vision of creating a purely peer-to-peer version of electronic cash payments to be sent directly from one party to another without going through any intermediary. One of the core principles of the Bitcoin Blockchain technology is to eliminate the need for 'trusted gateways' - this is what makes it disruptive.

While Mr Duncan did address this point he also suggested that, "there is no platform in the market that can compete with the ‘ease’ factor that banks provide" however I would encourage him to have a closer look at some of the projects Bitcoin developers are currently working on, in particular, Atomic Swaps, Lightning Network and RSK Smart Contracts. In fact the Bitcoin Lightning payment system is designed to be incompatible with the AML/KYC obligations of the financial sector including cryptocurrency exchanges.

The capital raising firm will receive fiat, ETH and BTC payments?

Expand

Hi Abdm, r u able to share any thoughts on OBJ?

cheers,
Upvote

Reply

Top Stories

LEX

Lefroy boosts near-surface gold resource by 13% to 439Koz

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

Tonight's US CPI data could set the tone for November. What are markets expecting?

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

There are more pages in this discussion • 156 more messages in this thread...

First 57 Last

SPONSORED BY