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by donquichotte 3079 days ago
Strange decision indeed, they could use one of the existing technologies like Ripple or Stellar.
2 comments

We are talking about people who rolled their own crypto and their own binary protocol for messenger app in 201*, after all.
So far they've even got away with it.

I don't pretend it is secure and listening to HN I've been halfway expecting a huge flaw to show up but so far, -nothing.

I might be wrong, but no one other than banks (if that) can use ripple.

I'm not clear on stellar.

nah, anyone can buy Ripple and have a Ripple wallet. Only thing you can't do is mine Ripple.
AFAIK Ripple is pre-mined ("minted") and the creator(s) controls >50% of it.
The problem is that Ripple is bought via Bitcoin.

Tinfoil in me says that bank created Ripple just to get easy Bitcoin.