Pick up a free copy of The Bitcoin Blockchain: Following the money by DGC founder Carl Mullan.
Last day today! http://www.amazon.com/dp/B00OGTLZXC/
The new technology was developed to provide peer-to-peer payments and exchanges with anonymity among a growing variety of asset classes. SilentVault is a wallet application which allows the user to bring in Bitcoin or Litecoin, spend them as Silent Bitcoin or Silent Litecoin, and thereby silence the block chain on their original crypto-coin. Other currencies have been developed into SilentVault assets, such as Silent Silver.
SilentVault is a Voucher-Safe based technology. What you hold and trade with your SilentVault wallet are vouchers representing assets, not the assets themselves. While this is obvious for gold or silver, which are not digital assets, the distinction is important for bitcoin. The wallet contains vouchers, which are cryptographically signed digital bearer certificates analogous to coins. It also holds receipts for incoming or outgoing payments, which provide a downloadable (and deletable) transaction history.
The SilentVault website details the important differences between a SilentVault wallet and a regular crypto-currency wallet.
In the Voucher-Safe system, assets are held by trusted voucher Issuers. Some information on backing assets can be found here. However, out of what I imagine is a perceived necessity, there is little information available on Issuers or those behind the technology.
SilentVault is a virtual enterprise operated by technology and business professionals with a total of five decades experience in digital currency systems. The user agreement for all users of SilentVault, including the SilentVault team members, prevents us from disclosing names, addresses, and other particulars.
This technology is aimed at the privacy conscious who want to use crypto-currencies without the public record on the blockchain and those who have been waiting for the next generation of digital gold currencies.
A wealth of information on the functioning of the wallet can be found via the wallet’s website.
Can bitcoin swaps pave the way for the mainstreaming of bitcoin?
The popular view of bitcoin has come a long way since Steve Forbes’ “Whatever it is, it’s not money!” evaluation. To many would be users and investors, however, bitcoin still proves to be a less than safe investment. There is, however, a possible solution: Bitcoin swaps may prove a viable and appealing option for merchants and investors intrigued by bitcoin but wary of its volatility. Bitcoin swaps allow parties otherwise reluctant to take part in a bitcoin transaction by minimizing risk.
As you may have noticed we have been taking an extended break from posting to the site. But we miss it and we can’t stay away for long. We hope to be back in action in the next week or two. See you then!
For less than twenty dollars’ worth of Bitcoin anyone can be part of the current surge in global Bitcoin growth.
Between the 21st of May and 6th of June 2014, the global investment company Cryptor Trust Inc., will be offering private shares in its Latin American affiliated company, Cryptor Latam Inc. also known as CLI. This offering has been arranged by the asset management company Cornupia Capital Ltd.
From 1996-2008 the Internet facilitated the rise of an international digital gold system, with multiple issuers and exchange agents in many countries. At its peak this system was seeing above 84 metric tonnes per year in gold transactions used for a very wide variety of purposes ranging from commerce to international remittances.
As cybercommerce begins it will lead inevitably to cyber-money.– James Davidson, The Sovereign Individual, 1996
The hype surrounding Bitcoin has gone off the charts in the past year. For those of us who have been involved with digital currency systems since the 1990’s, it is interesting to see how people caught up in the hype think Bitcoin is wonderful but in many cases cannot clearly see the reason why. Other enthusiasts think that Bitcoin is the ultimate solution for all payments.
Kraken’s trading books allow USD trades for five crypto-currencies, as well as a pairing of Bitcoin with Litecoin, and trading Bitcoins against the other two fiat currencies (Euros and Won).
Bitcoin is a revolutionary new currency. Everything about it is so new and different that we do not always know what to expect next. We have, however, seen a great degree of success so far in many areas. It is already possible to buy just about anything you can think of with Bitcoins. There are some technical aspects, but in general, anyone can open up their wallet and send any amount of money across any border for a virtually nonexistent fee. This could all be done in a matter of seconds.
One area where all of these benefits have made a huge difference is in the Bitcoin casino arena. Before Bitcoin, websites were forced to deal with old-fashioned fiat currencies like the US dollar and the euro. Dealing with that sort of money often incurs significant fees and opens the door to all kinds of fraud. Some online casinos have chosen to simply accept and deal with these issues, but it still costs them more than it should to do business.