Search the Community
Showing results for tags 'tethering'.
Found 1 result
Minimum search term is 4 characters long. Can't find what you want? Click here for the custom google search instead.
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: