This is not true at all…You just need to understand the power of the blockchain.
i understood the blockchain, that is why i want to use it for something valuable, like a coin-debt obligation
One small example: Feathercoin has an OpenName DNS service with a ton of possibilities…
Even Basic things like OP_RETURN allow you to store data directly on the blockchain…
You are only limited by your imagination
jeah i belive its a nice IT system as dash is, and you work a lot for it, but money once started as debt the bankers had towards people that trusted them, not with a nice zertified sheet of paper…
Are you describing Fiat or Crypto ? The very same can be said for the US Dollar or the “Great” British Pound…
maybe for us Dollar or the british pound, but there is more behind it, the banking elite uses the money for strategic goals like using their army to keep up regimes in the middle east to secure the oil standard.
the us dollar is valuable not because its a great uncopyable certification its because u can guarantely buy oil with it.
in other countries the bankers are beeing trusted with managing the countries limited ressources.
I have imagined a piece for David Mitchell’s soapbox where he says "It’s more likely the Queen has had her “reptilian brain” removed, and is “fully human” without all the natural instincts to prevent conflict and get along with others of your species present in reptiles etc …
note : Whatching too much David Mitchell’s soapbox.
Members and admins have spent a lot of time designing the forum so you can get involved. There are sections you can discuss mining or exchanges, or see the technical discussions of how the FTC software is built.
There is also a Guides section, and support, for if you get into trouble with the Feathercoin Wallet.
What you describe sounds like a multisig wallet to me.
Bassically it is a wallet address, where coins can sent to (= both traders put their coins in ).
When coins are to be spend both (or 2 of 3 ) parties must sign the transaction before it is sent to the block chain.
The reason for having an edge router is to isolate the home network from the ISP’s router. There being various trust issues with that ISP supplied routers and known compromises that might end up on your network.
For instance, even though I was sure I’d set “remote access” to off on the ISP router, I found remote access had been reset to “on”.
In addition, there are many other potential zero days in the old operating systems most routers run, even the AR300M’s version (compiled in Jan 2017) OpenWrt was using a 3.18.27 Linux kernel.
The router has 4 modes, Edge (cable), Repeater, 3G and Tethering.
Choosing Cable, the system did set it’s self up on separate WLan and Lan so the box acts as a bridge so the traffic can be monitored.
The Lan was now on 192.168.8.x which caused a problem with a NAS with a static IP of 192.168.1.12 not appearing on the network.
Also, it can be disconcerting, when you’re not a network expert and your changing the IP you’re using to access the box!
The router was very powerful (!) compared to other routers 125 MB is more than twice what you might expect in a Mips device. OpenWrt was set up and worked well, I was able to ssh in and update the software from GLis package store, add new software (mc, htop, nmap etc) and add “collectd” statistical plugins, like ping and uptime.
[email protected]:~# cat /proc/cpuinfo
system type : Qualcomm Atheros QCA9533 ver 2 rev 0
machine : GL-AR300M
processor : 0
cpu model : MIPS 24Kc V7.4
BogoMIPS : 432.53
wait instruction : yes
microsecond timers : yes
tlb_entries : 16
extra interrupt vector : yes
hardware watchpoint : yes, count: 4,
isa : mips1 mips2 mips32r1 mips32r2
ASEs implemented : mips16
Memory is limited for graphs and is lost if the unit is rebooted so it is possible to dump data off the system to a long term storage server.
So far the GL-AR300M router has acted flawlessly and monitoring shows that the cheaper (£20) 60MB models would have performed the current tasks on our home network.
I noted one effect of isolating the network was a reduction of the number of firewall intrusion attempt warnings on the main router. This was not something I was expecting to see and must mean the ISP router was somehow identifying it was on (?)
For the extra security and monitoring ability I see the box as replacing a “server / router” so would put up with some addition maintenance.
The GL-AR300M router unit seemed to act stable for the short test time and load. I found it a powerful and easy to use unit, certainly less daunting than replacing the ISPs router.
Down side were it did take a bit of extra network knowledge to set it up and I did not test some of it’s features such as the VPN functionality.