Quote from: Taras on January 02, 2018, 02:33:48 AM

Quote from: MakeAKilling on January 01, 2018, 11:28:49 PM

Quote from: CoinVila on January 01, 2018, 04:35:24 PM

Quote from: MakeAKilling on January 01, 2018, 02:29:01 AM

Quote from: Taras on January 01, 2018, 01:15:13 AM

It sounds like what you are describing already exists as Ripple (XRP), which issues tokens to represent fiat and other assets while still being on a distributed ledger.

I understand there might be a bit of a confusion, but what I'm thinking of is not Ripple. While it will represent assets on a distributed ledger, it involves much more than that.

still sounds like Ripple. Can you PM me a little more info? I might be interested in a little way.

Ripple's main principle is the transaction aspect, mine is more of the asset aspect. But I shall PM.

I'm not sure. I think that there's a pretty good case to say that Ripple's main principle is in fact the asset aspect. My understanding is that you can hold all kinds of silly assets with it, including fiat.

It's really not the asset aspect. It's the Ripple Network, which is the payment system it has, that makes it valuable. Ripple itself is just the token that's used on the network. Ripple itself is worthless without the Network; hence, it's the transaction aspect, not the asset aspect.