Tag Archives: ecurrencies

Ripple – a decentralized exchange, a payment system, and a currency

Hello dear reader.

It has been quite a long time since I blogged about anything related to the e-currency industry, but I must share this article I ran across on the DGC (digital gold currency) Magazine website. The article talks about the revamped version of the Ripple payment system. As far as I understand the concept is that now Ripple has become more like Bitcoin, in the sense that it’s now a fully P2P digital currency. Click here to see the official explanation of how the Ripple system works. If you scroll down that page you’ll see mention of a “distributed ledger” and “P2P Network” as well as “Consensus.” Well that sounds exactly like the way Bitcoin functions. Lest you quickly jump to the conclusion that this is another Bitcoin fork/clone hold on a second and make sure read this further detail page.

I’m quite excited about the recent innovations occurring in the digital currency arena. Digital currencies that empower regular people (instead of governments, central banks, and institutions) are likely set to massively increase in popularity – especially considering that so many people these days are fed up with how poor the performance of traditional institutions (read central banks, governments, etc) has been and continues to be when it comes to properly managing a currency for the benefit of its users. So if you can’t trust the government with your money (you probably shouldn’t) then the question is can you trust the masses and the P2P systems empowering them? Well, I guess that question remains to be answered. These P2P currencies are a still young and definitely fragile. Time will definitely flush out the good from the bad and eventually one system will win the support of the majority.

I hope I have given you something interesting to look into. Please feel free to share your opinions and comments regarding Ripple or the whole P2P e-currency idea.

Alan out.

Sibos TV – Future of Money

Hi everyone. I found this interesting video while browsing around youtube and I thought I’d share it with you all. This video was produced by “Sibo TV” and it features several experts who share their opinions regarding the future of money. These people are the following: Udayan Goyal, Founder, Anthemis Group SA; Heather Schlegel, Innovation, SWIFT; Donald Norman, Co-Founder of Bitcoin Consultancy, Owner of Intersango.com; and Shamir Karkal, CFO, Banksimple.

Without further ado, here is the video:

Enjoy, and thanks for visiting my blog.

Alan

c-gold still going strong

c-gold

Hi everyone. It has been quite a long time since I last talked about the e-currency industry. Today a thought came into my mind about e-currencies, and I got kind of nostalgic since I used to be into them a lot more than I am today. For me though when e-gold got shut down my dreams of a digital gold currency making it big got shattered. But e-gold was not the only player on the digital gold currencies scene. There is also another gold e-currency called “c-gold” that first opened their doors in 2007. So they’ve been around for quite some time now and they’re still in business. No government has shut them down, no scams have been reported, and no other major drama. I’d like to congratulate them on a job well done so far. I hope they remain around for a long long time.

So if you’re a e-gold refugee sort of speak have a look at c-gold !

Alan out.

Cheers!

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