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Blockchain-based stablecoins seem like a really convoluted and environmentally wasteful way to implement centralized, cryptographically secure USD based account

Blockchain-based stablecoins seem like a really convoluted and environmentally wasteful way to implement centralized, cryptographically secure USD based account transfers. Why not just use Chaumian ecash [0] - which is perfectly suitable for this purpose and doesn't require mining? [0] - http://sceweb.sce.uhcl.edu/yang/teaching/csci5234WebSecurityFall2011/Chaum-blind-signatures.PDF http://sceweb.sce.uhcl.edu/yang/teaching/csci5234WebSecurity...

davidzki 8y ago
Perhaps this is another answer to these environmental concerns? https://medium.com/poa-network/poa-network-partners-with-makerdao-on-xdai-chain-the-first-ever-usd-stable-blockchain-65a078c41e6a https://medium.com/poa-network/poa-network-partners-with-mak...
otoburb 8y ago
>>Why not just use Chaumian ecash [...] David Chaum probably asked exactly the same question, and starting working on his own own blockchain and cryptocurrency[1] in 2015[2]. I'm a bit sad he didn't call it eCash 2.0. [1] https://www.prnewswire.com/news-releases/announcing-david-chaums-elixxir-first-blockchain-capable-of-meeting-the-needs-of-consumer-scale-messaging-and-payments-300715769.html https://www.prnewswire.com/news-releases/announcing-david-ch... [2] https://www.prnewswire.com/news-releases/global-investors-back-elixxir-a-next-generation-blockchain-platform-focused-on-mainstream-adoption-300735829.html https://www.prnewswire.com/news-releases/global-investors-ba...