Post
Topic
Board Economics
Re: Cameroon Government Is Trying To Rip Off Citizens Via Centralized Altcoin?
by
NUFCrichard
on 25/06/2015, 19:51:32 UTC
The government of Cameroon has implemented a centralized, insecure and potentially dangerous blockchain protocol
and currency Trest in their project to enable the unbanked to transfer money quickly without transaction fees.

Unlike Bitcoin, transactions on the Trest blockchain are not verified by miners or any entity incentivized by the network.
Doesn't it look like the government is trying to rob its own citizens of their money?



Is it ideal? no. But I don't really see why it means they are robbing their citizens of money..

They are using the blockchain technology to save money and more efficiently make transactions, sounds quite good to me actually.