Digital/Virtual Currency (dc)

Boston IBA 2013 Conference

MATRIX
	LOYALTY POINTS
DIGITAL/VIRTUAL CURRENCY	HARD CURRENCY	PHISICAL UNITS CURRENCY
REDEMPTION POINTS	GOLD STANDARD	BERKSHIRE BUCKS – LOCAL CURRENCY MA USA
LINDEN DOLLARS	GAME CREDITS	“LIKE”
	REWARDS

 

CONTEXT

1. NATURE : units representing goods and / or services capable of being treated as currency. Once recognized as currency the same is eligible for (i) a private to private circulation and (ii) possibly for a public circulation.

Open source SOFTWARE to implement (i) a communication portal and (ii) the P2P network (characteristics for Bitcoin : BTC/XBT, 0.8.4 / windows/ Linus mac OSX/ C++ Language).

2. MARKET PLAYERS : BITCOIN.ORG (2009) – AMAZON COINS – Second life units/Linden dollars.

3. CREDITS : Facebook credits.

4. EXCHANGES : Mr. Gox – Egold – Liberty Dollar – Bitgold – Bips – Coinbase – LindeX.

5. VALUE : Bitcoin 135 US $ (as of 25 / 9 / 2013) (source Mr.Gox 25/9/ 25 2013).

6. APP : Coinbase – Paytuna – Bips.

7. AUTOMATIC CONVERSION into US $ : yes, on some platforms.

8. HEDGING OF THE CURRENCY: not officially.

9. CONVERSION INTO VIRTUAL AND CONVERSION FROM VIRTUAL : Facebook credits.

10.DIRECT LEGITIMATION OR AVATAR LEGITIMATION : both.

11. TRADING OF THE DIGITAL CURRENCY OR OF THE ACCOUNT BEHIND SUCH DC : yes.

12. CREATION: computer power, ability, chance.

 

ITEMS
	A	B	C
1	WALLET – SINGLE OR MULTIPLE	ONCE ONLY SPENDING OF THE SAME UNIT	FULL ANONIMITY OR PARTIAL ANONIMITY
2	SOVEREIGN ISSUING AGAINST PRIVATE ISSUING	GENERATION THROUGH CPU CAPACITY	COST OF PURCHASING AND COST OF USING
3	CLOUD SERVICE	PURCHASING AND NATURE OF PURCHASE	QUANTITATIVE LIMITATION TO ISSUING
4	JURISDICTION	EXCHANGING UNITS AND NATURE OF CONTRACT	ROLE OF “ISSUER”
5	APPLICABLE LAW	ROLE OF THE COMPUTER WITH THE DOWNLOADED BITCOIN PROGRAM USED BY THE OWNER AND BY THE NETWORK	ROLE OF “PAYMENT PROCESSOR”
6	APPLICABLE JURISDICTION	REGULATORY NOTIFICATION PER SINGLE USE	ROLE OF “ISSUER PAYMENT PROCESSOR”
7	MULTIPLE JURISDICTIONS AS PER MULTIPLE NODES	REGULATORY NOTIFICATION	COMMUNICATION ADDRESS TO ADDRESS INDEPENDENT OF WALLET
8	PRIORITY IN THE TRANSACTION	TIMING OF THE TRANSACTION	MULTIPLE ADDRESS BUT ONE WALLET
9	INFLATION	DEFLATION	BALANCING OF DEVALUATION AND INFLATION
10	ENCRYPTIONS MODALITIES AND ACCESS HOLDER TO ENCRIPTED DATA	DEVALUATION OF CURRENCY	REPRESENTATION OF ONE UNIT
11	33 CHARACTERS STARTING WITH A 1: 1175twp48Ci23sgt 445 3 […]	PRICING	ADJUSTMENT OF UP TO THE 8th DECIMAL
12	AUTHENTICATION – HOURLY MARKING – ON SERVER PEER TO PEER	CIRCULATION. STARTS AS NON CONFIRMED – GOES THROUGH THE BLOCKS – 6 CONFIRMATION AFTER FINAL BLOCK	POSSIBILITY OF MULTIPLE NON CONFIRMED TRANSACTIONS IN ONE BLOCK – GOING TO THE NEXT BLOCK
13	DATABASE OF ISSUING AND CIRCULATION. DOWNLOADABLE	CONFIRMATION. HASH CRITTOGRAPHY	SWAP WITH LOYALTY UNITS
14	GENERATION 6 TIMES /h	FOLLOWING CONFIRMATION STATUS OF IRREVERSIBLE PAYMENT	POSSIBILITY OF HIDING THE ADDRESS OF YOUR COMPUTER – YES WITH TOR
15	INCOME,SALES,ROYALTY, CAPITAL GAINS	CONFIRMATION OF ISSUING : YES WITHIN 10 MINUTES	SWAP WITH HARD CURRENCY