Hey Everyone,
I wanted to see if there were any comments regarding the new pre-mine fair launch coin, SETLcoin, and how it could possibly take away marketshare and volume from Bitcoin.
My understanding is that they will allow FPGs, ASIC's, and probably GPU's to mine Setl's. I wasnt able to find how many will be created or at what values they're be allocated, but I thought it was interesting.
"The patent application addresses chain of custody of an asset, counterparty risk and settlement through a cryptocurrency called SETLcoin. According to the patent application viewed by Bitcoin Magazine, SETLcoin ownership can be used to prevent fraud, including float fraud such as kiting."
http://www.tradersmagazine.com/news/brokerage/goldman-sachs-files-patent-to-settle-securities-in-bitcoin-114721-1.html
Thoughts, comments, suggestions?
Why use BTC when you can just SETL...?
I wanted to see if there were any comments regarding the new pre-mine fair launch coin, SETLcoin, and how it could possibly take away marketshare and volume from Bitcoin.
My understanding is that they will allow FPGs, ASIC's, and probably GPU's to mine Setl's. I wasnt able to find how many will be created or at what values they're be allocated, but I thought it was interesting.
"The patent application addresses chain of custody of an asset, counterparty risk and settlement through a cryptocurrency called SETLcoin. According to the patent application viewed by Bitcoin Magazine, SETLcoin ownership can be used to prevent fraud, including float fraud such as kiting."
http://www.tradersmagazine.com/news/brokerage/goldman-sachs-files-patent-to-settle-securities-in-bitcoin-114721-1.html
Thoughts, comments, suggestions?
Why use BTC when you can just SETL...?
SETLcoin is a private blockchain (read: database) for bankers.
Nothing to see here.