Questions on: trust

I am yet to understand what the "trust" do. CAn someone explain please? "Trusting" an entity in Ripple is saying that you treat their word as a substitute for money. If you want to send me $1000 USD, Ripple has no way to do that, because Ripple canno
There are multiple exchanges each with its own BTC/USD (or other currency pair) , so arbitrage between exchanges is what keeps prices among exchange inline. There are short term disruptions when those providing arbitrage are out of cash (for buying)
Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company,
Giving the operator the power to control the identity of the recipient won't work, since he can participate himself and declare himself the winner. A majority vote also isn't too good because an attacker can make multiple entries, which is cheap to d
Bitcoiners seem to love to talk about anonymity. But to me, anonymous transactions are far from Bitcoin's greatest strength. And to some, the need for high anonymity is the first sign that someone is "up to no good"
The BFL single produces high stale rates on P2Pool because of the way its firmware is designed. The BFL does 2^32 hashes and then reports any shares found. This takes it about 5 seconds
You are effectively looking for a centralised entity to provide you with a prediction of the future behaviour of a decentralised entity (asking a mining pool to predict the blockchain). Even if one or more mining pools share this information, I do no
I am still unable to withdraw my bitcoins that were deposited before their September 2012 security breach. Therefore BitFloor is technically insolvent. They are registered with FinCEN as a money-service business in the U