SilentVault launches aiming to ‘silence the blockchain’

SV_LogoThe 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.

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Bitcoin Swaps

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.

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Back soon!

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!

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Cryptor Trust, Inc. Offering Global Bitcoin Investment through Cryptor Latam Inc.

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.

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Bitcoin – A Jack of All Trades is the Master of None

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.

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A Customer’’s Review of Kraken

Kraken, by Payward, is a new bitcoin/altcoin trading market based in Sweden, which has been trending on Angel List for the past few months.

krakenKraken allows members to fund their accounts and trade using Euro, USD, Won, Bitcoin, Ripple, Litecoin, Namecoin and Ven.

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).

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Bitcoin and the Online Gambling Industry

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.

pokerOne 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.

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Networks will form and needs will be met. The mechanics of Bitcoin adoption.

Bitcoin is fast, secure, nearly free, has a stable supply and has a high level of user control… its just plain better than the banks. You have to wonder why the hell everyone isn’t using it? But the Bitcoin economy is still fragmented and dependent on payment processors and exchangers.

loopMerchants accept bitcoin only to convert it back into their local fiat currency, and who can blame them? There just aren’t enough bitcoin accepting businesses out there and they have suppliers and landlords to pay. But bitcoin was meant to be a peer-to-peer currency, not a peer to exchanger to bank to bank to exchanger to peer currency.

Crypto will win the currency wars, but it may be a while before it reaches your home town. Bitcoin is better, but change is hard.

 

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