but unlike bitcoin, it fails as a decentralised network if we consider one very important feature of the Bitcoin network, that no party has the power to freeze or reverse a transaction.
To most entities, financial growth i.e. the acquisition of wealth is the only model of business we understand or aspire to. Either up or down, profit being the ultimate objective, which is subsequently distributed to the group in control of that entity.
The crypto-currencies are all on the same team, just different players in one big ball game. Bitcoin is now on first base , looking at stealing second and Litecoin is about to step up to the plate.
Unless you've lived under a rock or only been exposed to the mainstream media over the last couple of months,…
the Future of Money