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Author Topic: 2013-04-12 Introducing MigCoin  (Read 3318 times)
herzmeister
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April 12, 2013, 01:04:42 PM
 #1

http://tirania.org/blog/archive/2013/Apr-12.html

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Introducing MigCoin

Non-government controlled currency systems are now in vogue. Currencies that are not controlled by some government that might devalue your preciously earned pesos at the blink of an eye.

BitCoin is powered by powerful cryptography and math to ensure a truly digital currency. But it poses significant downsides, for one, governments can track your every move, and every transaction is stored on each bitcoin, making it difficult to prevent a tax audit in the future by The Man.

Today, I am introducing an alternative currency system that both keeps the anonymity of your transactions, and is even more secure than the crypto mumbo jumbo of bitcoins.

Today, I am introducing the MigCoin.

Like bitcoins, various MigCoins will be minted over time, to cope with the creation of value in the world.

[...]

be gentle guys  Wink

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
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Gurthang
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April 12, 2013, 01:46:06 PM
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That is hilarious!  Notice the guys are all wearing Google Glasses in the pic?
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April 12, 2013, 02:17:48 PM
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Ohhhh, so it's the power of powerful math that makes bitcoin digital!!
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April 12, 2013, 04:32:40 PM
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Ben Bernanke over at the US Federal Reserve should take a look a this. Using his DNA as a way to ensure the US currency cannot be counterfeited does have merit you know.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
QueenElizabeth
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April 12, 2013, 04:33:22 PM
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I'm kind of positive that this is a joke. Cheesy

Stephen Gornick
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April 12, 2013, 08:30:21 PM
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Ben Bernanke over at the US Federal Reserve should take a look a this. Using his DNA as a way to ensure the US currency cannot be counterfeited does have merit you know.

Now my coins can be spent by anyone who snags my empty beer glass after I've finished it.   Great idea!

p.s.,  That is about five articles today with Bitcoin spelled "BitCoin".   I think they know it drives us OCD people nuts and keep doing it purposely.

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April 12, 2013, 08:58:50 PM
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http://tirania.org/blog/archive/2013/Apr-12.html

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Introducing MigCoin

be gentle guys  Wink

Hah

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