There has been a meme propagated in recent months by the folks over at Ripple Labs. That meme is that the cryptocurrency token known as “Ripple” or “XRP” has absolutely nothing to do with Ripple Labs the company, that XRP pre-existed Ripple Labs the company and was gifted to it, and that the protocol that runs XRP is totally decentralized, à la Bitcoin.
The @Bancor protocol is coming to @EOS_io. “This will allow users to buy and sell EOS tokens directly on the blockchain; with no deposits, no central servers storing your tokens, and no need to match buyers and sellers.” medium.com/@liquideos/liq… #eos $eos @LiquidEOS
- 6 months ago
Why am I writing this? As much as I'd like to claim it's for noble or virtuous intent, really it's just cos I'm bawling my eyes out right now and have no one left to tell my joke of a life to. I feel someone out there who's struggling, however, will find value in it and that's all that matters. I've provided some screenshots if anyone is skeptical.
In conventional finance, transactions such as bank wires can be undone for a period after they take place. Cryptocurrency security has to be more sophisticated because there is no undo function, according to Nicholas Weaver, a security researcher at the University of California at Berkeley. “Because cryptocurrency is incompatible with modern financial fraud mitigation, you just can’t keep it on an internet connected computer,” he says.