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by Ursium 3339 days ago
Actually, the Euro Token is a virtual FIAT implemented on Ethereum. I can't reveal much more information on it until the project formally goes live (which is imminent), but I can't tell you it thankfully goes a lot further than what you noted.

There's a lot more information coming up because it's my understanding Carsten only intended his tweet a bit as a 'teaser'. I had written this piece back in September when we entered live beta: https://blog.slock.it/blockchain-energy-p2p-sharing-project-... might give a bit more context.
2 comments
Animats 3339 days ago
The article says "has launched". It hasn't?
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Ursium 3338 days ago
It's a soft launch. Looks like the media jumped on it a tad too early, but the proper launch is imminent regardless.
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runeks 3338 days ago
Who is the debitor in this scenario? In other words, who sends me 1000 EUR via SEPA when I cash in my 1000 virtual Euro tokens?

Seems to me like, when it comes to credit, Chaumian cash makes much more sense, since you depend on a central party anyway. The only weakness of Chaumian cash is the central party, but with redeemable tokens you depend on a central party in the first place, since someone needs to redeem the tokens in question.

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