Electronic Cash(less) System

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zAchAry
Posts: 804
Joined: 11. May 2010, 09:02
Location: Israel

Electronic Cash(less) System

Post by zAchAry »

I'm absolutely not a fan of it nor encouraging people to rely on it significantly.
I'm relying on physical commodities and land, nothing else.
Nonetheless, I am interested in researching this project closely.

BitCoin, which you may have heard of, is, allegedly, a decentralized money system which really doesn't make sense to me to significantly rely on and I tend NOT to trust it.
Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.
It has a strong criticism (in the "remember, you have to obey to authority" manner) that your means to trade with this electronic coin are incapable of being prevented, which is, by my opinion, a great thing (free speech). To be honest, I believe that it (the criticism) is very much of a part of a propaganda but I can't point my finger at it.

I'll appreciate it if anyone can make a package of a BitCoin client available.

Related links:
Bitcoin: More Important Than You Realize - Center for a Stateless Society
Bitcoin - Telecomix Crypto Munitions Bureau
Bitcoin: Virtual money created by CPU cycles [LWN.net]
The Bitcoin Bubble - Where is Ploum?
What is Bitcoin? - We Use Coins

Related software:
Bitcoin (by gavinandresen, s_nakamoto) [SourceForge.net]
Bitcoin Rate (by joelthelion) [KDE-Apps.org]


And remember: You can't see it nor touch it! Do not ever rely on it in a significant manner. Physical property IS property, nothing else can replace it. Period.

Digital and Fiat orders are nothing good to significantly, by your term, to rely on.

[Edit by JRD] Do NOT use "tags" in your post.
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