KYC – Page 2

The new Ripple, a decentralized exchange, a payment system, and a currency all its own

Julia Dixon on February 5, 2013

Out very soon, the new version of Ripple has has undergone a dramatic renovation.

Ripple was created by Ryan Fugger in 2006 as a trust network where people can grant each other credit, and anyone can ‘be their own bank’. The project has since been acquired by a team of developers including Mt. Gox creator Jed McCaleb. Ryan’s trust network is still there, but it is now one feature of a much expanded system.

The new features of the soon to be open source software include the possibility for a decentralized currency exchange, a p2p transaction network, “Gateways” for bringing other currencies into the system, and Ripples (XRP), a new digital currency.

Voucher-Safe, a Next Generation Digital Currency – Part II

Julia Dixon on January 8, 2013

Part I looks at the motivation behind Voucher-Safe, the evolution of digital currency and how Voucher-Safe transactions work.

In this part we examine the Voucher-Safe economy, trust, security and software.

Voucher-Safe, a Next Generation Digital Currency – Part I

Julia Dixon on November 20, 2012

Digital Gold Currency is a fantastic idea. Gold enjoys thousands of years of history as an excellent currency and store of value. It is a form of money that is constantly chosen by the market and that needs no legislation to support its value. Gold is stable, solid and cannot be pulled out of thin air. With modern technology gold can be used as a currency online without any more effort than it takes to check your email. Brilliant!

But as DGC’s were starting to take off and be recognized for their many benefits, the rug was pulled out from under the industry with the prosecution of e-gold. The old DGC business model is centralized and vulnerable to seizure, censorship and prohibitive regulation.

The Voucher-Safe system allows for a more decentralized, Anti-Money Laundering compliant way to anonymously exchange value. It’s DGC 2.0, a more flexible and resilient system where anything can be money. “The idea behind voucher-safe is that it isn’t about making just one thing money. Money can be gold, it can be existing national fiat currencies, it can be bitcoins, it can be silver, it can be anything of value that people want to exchange.”

Coinabul, a Bitcoin to Gold Marketplace

Julia Dixon on October 17, 2012

Gold and Bitcoin, two of my favourite things! I recently had a chat with Jay Shore, CEO of Coinabul and Jon Holmquist, Head of Marketing at Coinabul.com, about Bitcoin, gold and how Coinabul works.

Bitcoin Stock Exchange Shuts Down Suddenly

Julia Dixon on October 9, 2012

GLBSE is a stock exchange for shares of companies denominated in Bitcoins. Late last week, without warring, the exchange was closed. “Nefario”, the owner of the website, shut it down with no explanation given.