Quote from: jbreher on September 01, 2014, 07:46:21 PM

Quote from: QuestionAuthority on August 27, 2014, 03:37:19 PM

This Brock Pierce guy TBF member came up with Realcoin because he sees a problem with Bitcoin adoption and wants a solution.

Has he? I've seen an announcement about Realcoin. It is purported to to be a cryptocurrency that is controlled in lockstep with the US Dollar. Tell me - exactly how is this to be accomplished? I may be dumb, but I don't see any way that anything that we think of as a cryptocurrency can be pegged to something under control of a central bank. Can't be done.

Maybe Pierce has a viable scheme. I don't think he does. I think he's lying. I think he is just trying to attract fantastic sums of VC money with which he can live large -- just like every other failed business in which he has been involved so far.

I don't know whether he has. That what he says he's doing. I think he was planning on using MasterCoin as the protocol layer on top of Bitcoin allowing it to happen. You cut the quote off a little too soon.

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I don't know if that's the right way to go but it's one way.