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Author Topic: IBM looking at 'bitcoin technology'  (Read 457 times)

Titulaer

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IBM looking at 'bitcoin technology'
« on: March 13, 2015, 09:21:42 am »
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http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

"The company has been in informal discussions about a blockchain-tied cash system with a number of central banks, including the U.S. Federal Reserve, the source said."

A desperate attempt of the old world to survive in the new world...?

NxtChg

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Re: IBM looking at 'bitcoin technology'
« Reply #1 on: March 13, 2015, 09:34:23 am »
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Wouldn't be the first time for IBM :)

They probably learned their lesson.
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NxtChg

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Re: IBM looking at 'bitcoin technology'
« Reply #2 on: March 13, 2015, 09:37:05 am »
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Although, to be honest, the stupidity is staggering: they have no idea what "blockchain technology" means.

You can't build a coin "from the top", as a pet project of some company. That's PayPal and it already exists.
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gs02xzz

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Re: IBM looking at 'bitcoin technology'
« Reply #3 on: March 13, 2015, 01:34:33 pm »
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Quote
The transactions would be in an open ledger of a specific country's currency such as the dollar or euro,
Quote
The blockchain - a ledger, or list, of all of a digital currency's transactions - is viewed as bitcoin's main technological innovation, allowing users to make payments anonymously, instantly, and without government regulation.

It seems that they will use a public ledge - blockchain technology to work with multiple currencies.

Is this more a Ripple approach or Bitcoin approach?


NxtChg

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Re: IBM looking at 'bitcoin technology'
« Reply #4 on: March 13, 2015, 02:08:42 pm »
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It doesn't matter. If you're building a centralized solution - you don't need blockchain.

And if you're building a blockchain - you don't need a corporation behind it.
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