Quote from: bitanarchy on December 18, 2010, 10:08:52 PM

I ran into some article about the loom currency. But I do not seem to get what it really is. Can anyone please explain to me, in short, what loom really is and how it compares to bitcoin or other electronic currencies?
Thanks very much.

Here is the article:
http://www.dgcmagazine.com/blog/index.php/2010/12/16/the-new-global-banking-account/

It's not a currency. It's an anonymous banking system, or more precisely an asset exchange service.

It's very interesting, though. I could use that for my brokerage project.

PS. I've ust read the FAQ. It's pretty cool. I don't like the centralized aspect, though.

I think it would be a good candidate for an other implementation of bitcoin concepts. Basically it would be the same service as Loom, but it would work in a decentralised manner, using bitcoin's time server.

This could be neat, but it has to be more thought through.

PS#2. Hum, it's open source ! This is good, for it means anyone can run his own loom server. This makes decentralisation not necessary.