I just found out there is a new type of bitcoin being used and it's called CubeCoin. I found it out in newspaper ads. I mean really now? do we really need another crypto currency? as if bitcoin isn't a handful already. it took bitcoin more than 10 years to be successful and even then decentralized currency isn't that much reliable to begin with. when you lose your money in the bank then the government will reimburse you and that make you trust the government and the bank.
but what if you lose your e-money such as bitcoin and cubecoin? well then you're just out of luck. there are no central authority for this kind of currency and you just need to pray to god you won't lose any of your bitcoin.
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