Bitcoin Forum

Kurrenci
http://main.makeuseoflimited.netdna-cdn.com/wp-content/uploads/2012/06/kurrenci_logo.png?323f2c
http://www.makeuseof.com/tag/money-digital-age-called-kurrenci-updates/ (http://www.makeuseof.com/tag/money-digital-age-called-kurrenci-updates/)

I do not have any detailed understanding of Kurrenci.

The reason I'm posting this here is that some forum visitors might find it relevant and would be interested in reading comments from bitcoin community about Kurrenci.

I contacted them on twitter about bitcoin last week and I am hopeful they will accept btc for it in future.

I asked some questions in their chat box, but nobody's gotten back to me yet.

The "Earn" section makes me think it is Bitcoin related, although they have nothing there yet.

Paypal competitor fail.

Commenter knowledge fail.

Another one of these pops up every year or so -- e-Gold, Liberty Reserve, Dwolla, Pecunix, etc.

None of them ever end up being actual currencies.  Besides, currencies that are pegged to other currencies are not really true currencies either.

But if they make transferring currency more efficient, then why not?

Well, it's fraudulent for one.  Advertising a "currency" and then delivering a "payment processing system" is fraud.  Look at the clusterfuck that Dwolla created, for instance.

Yeah I have $180 tied up in there...

Apparently they can't even do basic math:


 ::)

EDIT: or I guess it's the author of this article, Bakari Chavanu, that can't do math?

EDIT2: Ah no, it's taken directly from their FAQ https://kurrenci.com/public/FAQ so it's actually them that can't do the math.

Basically they claim the merchant will be able to save on transactions fees which will allow him to offer a lower price which will be the only reason for a positive exchange rate.

The CEO and founder, Mosheh, is a friend of mine from the early days and we went to college together.

We have spoken many times about Bitcoin and Kurrenci and he plans to integrate with Bitinstant to allow for Bitcoin deposits as well as our other methods.

Will keep everyone updated.

-Charlie

Have I mentioned that you rock, Charlie!

Sidenote, I talked to these guys on twitter, it seems like they process chargebacks.

Hey at least they didn't pull a dwolla by saying that they are chargeback-able from the beginning.

I thought that merchants would be doing a higher exchange rate to lure buyers in. It's a very abstract idea that I seriously doubt will work.

Yeah I'm highly skeptical this will work. I don't see how they're going to save merchants money and make a profit and offer 1:1 exchange rate and make money.

I've read the FAQ, it's so much fail, so much fail.  :-\

Hi Garret! I can seee youuu!

http://img196.imageshack.us/img196/6020/unbenanntrjq.jpg (http://imageshack.us/photo/my-images/196/unbenanntrjq.jpg/)

Has anyone wathced that "explainatory" video?
http://www.youtube.com/watch?v=8igl34Ip0Gg&feature=player_embedded

I think they estimate their audience being complete infantile retards for making such a dummy cartoon!
Really, it explains nothing and that woman narrator seems like just out of daycare.

http://surfwithberserk.com/img/funny/epic_fails/56.jpg

Hang on, does that mean I cannot speculate on it, except I want to speculate on the Dollar itself!?

Dammed!

LOL…I think people underestimate how important this will prove to be in Bitcoin's success.  As Bitcoin's price grinds higher, it's going to become very difficult for people to ignore.

OMFG!
http://www.youtube.com/watch?v=F29PYXSZhqc

And they say Bitcoin is too volatile for commerce... Kurrenci is volatocoin in person as you never now how much it's worth. You just know the minimum value of it.
Are these guys for real?

Each shop has its own exchange rate? That just won't happen. They may offer their own individual discount on certain items, but not an exchange rate.

It goes live for 3 weeks and then tanks

Who props up this mythical currency?

Unicorns

Hey, at least Bitcoin gets held up by butterflys! ;D

+1

Currencies: Bitcoin, Linden Dollars, US Dollars, Euros, Gold coins.

Payment systems : Bitcoin, Paypal, Dwolla, Facebook Credits, MintChip, and now Kurrenci

Some things are a currency, and some things are a payment system. Bitcoin is actually both, while systems claiming to be "digital currencies" like MintChip and Kurrenci are actually just payment systems for a specific currency (CAD and USD, respectively).

https://kurrenci.com/public/terms-of-use.aspx

I especially love the sections "Unilateral Service Revocation" and "Indemnification", which basically say that Kurrenci.com can suspend your account, hold the money, or otherwise screw you over at any time, and there's legally nothing you can do about it.

It's everything I love about PayPal, and more!  At least PayPal has to give you the money back after 6 months.

LOL!!!

"and Its FUN!"  that line alone was enough for me to say NO!

Charlie?

"New" currency.....
http://www.e-ducat.fr/wp-content/uploads/2012/06/mega-pipeau.gif