All Things Alt: Ponzi Schemes, Blackcoin USBs and a Time Warp Attack

All Things Alt: Ponzi Schemes, Blackcoin USBs and a Time Warp Attack

With another week gone by, let's shine the spotlight on recent developments and interesting finds in the world of alternative digital currencies. Shibes scheme in new online game. The popular meme-based digital currency dogecoin has been credited by some as providing a friendly introduction to digital currencies. However, now it is being leveraged to welcome people into a not-so-friendly corner of finance: the ponzi scheme. PonziDoge is billed as a "virtual experiment game" designed to educate people about the nature of ponzi schemes, a form of financial fraud that involves collecting....


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Quotes

I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party.

Satoshi Nakamoto, Bitcoin Developer