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Author Topic: 2012-04-12 foreignpolicy.com - Canada may launch government-backed bitcoin...  (Read 2133 times)
julz
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April 13, 2012, 01:23:48 AM
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Canada may launch government-backed bitcoin competitor

Joshua Keating
2012-04-12

http://blog.foreignpolicy.com/posts/2012/04/12/canada_may_launch_government_backed_bitcoin_competitor

...
It seems that at least one country is taking the Bitcoin phenomenon seriously: Canada
...

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hazek
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April 13, 2012, 02:30:36 AM
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I love the line quoted, it just shows how completely ignorant they are of what Bitcoin is and what it will likely mean for their bottom line.

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April 13, 2012, 02:39:28 AM
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Canada IS taking bitcoin seriously, that is huge ups ... and the whole MintChip thing is so vaguely defined as to be basically vapour-ware at this stage ... they are saying "we know we need to do something and we are prepared to throw out $50k in bullion to devs for good ideas" ...f!, that's all they got?

Satoshi is casting a giant shadow when you look at how behind the competition is ... they could do worse than just fork bitcoin call it MintChipCoin, give it some kind of small change convertibility to loonies and marry it up to a hardware device (who knows why are they obsessing over that part of it ??) .... I might just throw that idea in there for a shot at the bullion.

Mostly just a gratuitous comment because at last we can ....  Wink


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April 13, 2012, 02:57:22 AM
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They'd be better off putting that $50K into an FPGA mining rig and joining the party. Canada could even go GPU because they can use the heat.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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April 13, 2012, 05:45:32 AM
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I feel bad for Coinada, after their self inflicted tarsands environmental destruction, and now this lame attempt at innovation. Hopefully they don't bet on it too much or at least recognize how broken it is before becoming serious about it.

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