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rippledigital posted a topic in Alt-Coins and Non-Ripple FintechNot new(s), but still a brilliant yet simple idea, IMO, that I just wanted to reshare and see if anyone knows of any progress on, or implementations of, the BitMint concept. Essentially it's a "digital claim check" on dollars (or any cash/asset). But the money can be tethered or "fused with" contracts inside the actual units, unlike say bitcoins that only represent generic accounting units. So you can do some very clever, game-changing things with these conditions attached, e.g. loyalty schemes, time-sensitive money, fraud tracking, disaster recovery money (@Haydentiff) , etc. Or in Gideon's words, "No one can sever the connection between the money and its disposition." Check it out:
Guest posted a topic in Alt-Coins and Non-Ripple FintechThx to The DAO attack, there is new competitor to Ethereum that's NXT's Ardor “With the ability to create customizable and easily deployed child chains, combined with Assets that can be traded system-wide, Ardor offers great value to the growing industry.” http://www.forbes.com/sites/rogeraitken/2016/06/21/nxt-crypto-blockchain-team-prepares-ardor-scalable-child-chain-platform/#70f77ca4349b
http://www.coindesk.com/turing-complete-smart-contracts/ There are Interesting points in the article and cost/benefit analysis will be key to the success of any distributed solution. Detailed comparisons with centralized equivalents should be a requirement for any idea or venture in the distributed ledger field. Today, the cost to transact in blockchain-based ledgers is not perceived because these systems receive a constant inflow of money (caused by the growth in the demand for native coins), which pays for the seigniorage incentives that buys security to the network. Once the demand for the coins stabilize, the real cost of a transaction will be pushed to the system's users.