jimmyk (OP)
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April 29, 2013, 12:54:00 AM
Last edit: October 07, 2019, 05:05:50 AM by jimmyk |
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PLEASE DELETE
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Anon136
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Activity: 1722
Merit: 1217
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April 29, 2013, 12:56:26 AM |
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this is going to be a game changer for the bitcoin community take usd to the corner store, swap it for canada money, fund mtgox with canada money instantly |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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grue
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Activity: 2058
Merit: 1431
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April 29, 2013, 12:57:17 AM |
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too bad you can double spend if the chip is compromised.
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aigeezer
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Cryptanalyst castrated by his government, 1952
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April 29, 2013, 01:02:14 AM |
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grue
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April 29, 2013, 01:02:18 AM |
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Someone needs to start an alt-coin called the mintchip RIGHT NOW. We need to swamp google search with an alt-coin named MintChip! What a spoiler and power grab for the alt-coin community.
THIS IS NOT AN ALT-COIN. I REPEAT: NOT AN ALT-COINThe value is stored on the device itself, and the price is pegged to the canadian dollar. This is closer to a credit card than an alt-coin. |
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grue
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April 29, 2013, 01:05:56 AM |
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its been discontinued already
lol, I wonder why it failed? I'm guessing security exploits. |
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UKMark
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Activity: 144
Merit: 100
Empty vessels make most noise.
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April 29, 2013, 01:08:43 AM |
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Now there is Irony  Of course the banks won't want anything they can't centralize to succeed, but what they are forgetting is the sheer security needed to have money in a digital format, BTC has taken 4 years to get just over 11,000,000 extremely secure digital mintage, what are these Banks gonna use in 4 seconds/minutes/weeks/months even years with next to no hashing power?? - MD5 LOL? Either way it will be something that without a shadow of a doubt will be hacked/copied and generally targeted for total fraud and with total ease... LMAO we will see who shall win! I'm stocking up on popcorn for this one!  |
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UKMark
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Activity: 144
Merit: 100
Empty vessels make most noise.
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April 29, 2013, 01:14:23 AM |
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its been discontinued already
lol, I wonder why it failed? I'm guessing security exploits. Yea, the backdoor password was "Hockey" - some drunk teenage hacker cracked it. Lol that was quick  |
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UKMark
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Activity: 144
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Empty vessels make most noise.
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April 29, 2013, 02:36:02 PM |
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Agreed I have just read most of the comments also, its very good! Is there anything that Bitcoin can do to force the Banks to change their mind though? Or will this just be a closed shop with regards to Canada? TBH I reckon it would/will just go to OTC dealers if the Banks are not interested in supporting it. IE: Make something illegal and you automatically create another market. |
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Etlase2
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April 29, 2013, 02:51:19 PM |
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Of course the banks won't want anything they can't centralize to succeed, but what they are forgetting is the sheer security needed to have money in a digital format, BTC has taken 4 years to get just over 11,000,000 extremely secure digital mintage, what are these Banks gonna use in 4 seconds/minutes/weeks/months even years with next to no hashing power?? - MD5 LOL?
:facepalm: |
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UKMark
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Activity: 144
Merit: 100
Empty vessels make most noise.
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April 29, 2013, 09:26:53 PM |
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Of course the banks won't want anything they can't centralize to succeed, but what they are forgetting is the sheer security needed to have money in a digital format, BTC has taken 4 years to get just over 11,000,000 extremely secure digital mintage, what are these Banks gonna use in 4 seconds/minutes/weeks/months even years with next to no hashing power?? - MD5 LOL?
:facepalm: Huh you lost me? Care to explain your facepalm? |
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Etlase2
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April 29, 2013, 09:47:17 PM |
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The money in mintchip has a centralized distribution architecture, even if it can be used in a decentralized way. It does not require hashing power to be secure, it requires whatever signature algorithm the chips use to remain secure from people trying to hack the chip.
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UKMark
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Activity: 144
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Empty vessels make most noise.
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April 29, 2013, 10:21:44 PM |
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The money in mintchip has a centralized distribution architecture, even if it can be used in a decentralized way. It does not require hashing power to be secure, it requires whatever signature algorithm the chips use to remain secure from people trying to hack the chip.
K I understand your Facepalm now , tbh I just posted that thinking it was another hashed currency, and ignored the WARNING there have been other posts while you were supping your coffee, lighting your fag and scratching your arse in between key presses.... blah, blah, message on submit.  So it would be similar to a Mifare type of chip I take it? |
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