Bitcoin Forum
December 11, 2016, 12:41:36 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Banks get ready for virtual cash  (Read 940 times)
Saturn7
Full Member
***
Offline Offline

Activity: 146



View Profile
June 04, 2012, 02:42:00 PM
 #1

"Leading financial institutions and experts are betting that virtual currencies such as those used in video games will become mainstream tender in the real world within three to five years."  Wink



http://afr.com/p/technology/banks_get_ready_for_virtual_cash_I7LI6KZ7wx9TXNwUKWuc9I#

First there was Fire, then Electricity, and now Bitcoins Wink
1481416896
Hero Member
*
Offline Offline

Posts: 1481416896

View Profile Personal Message (Offline)

Ignore
1481416896
Reply with quote  #2

1481416896
Report to moderator
1481416896
Hero Member
*
Offline Offline

Posts: 1481416896

View Profile Personal Message (Offline)

Ignore
1481416896
Reply with quote  #2

1481416896
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481416896
Hero Member
*
Offline Offline

Posts: 1481416896

View Profile Personal Message (Offline)

Ignore
1481416896
Reply with quote  #2

1481416896
Report to moderator
Gabi
Legendary
*
Offline Offline

Activity: 1050


View Profile
June 04, 2012, 02:42:44 PM
 #2

in videogames?  Roll Eyes
Saturn7
Full Member
***
Offline Offline

Activity: 146



View Profile
June 04, 2012, 02:45:19 PM
 #3

in videogames?  Roll Eyes

It mentions bitcoin later, I guess there will be a difference between crypto cash and game cash like in farmville.
Like Gold is bitcoins and paper money would be equal to farmville cash.

First there was Fire, then Electricity, and now Bitcoins Wink
proudhon
Legendary
*
Offline Offline

Activity: 1148



View Profile
June 04, 2012, 03:30:24 PM
 #4

in videogames?  Roll Eyes

It mentions bitcoin later, I guess there will be a difference between crypto cash and game cash like in farmville.
Like Gold is bitcoins and paper money would be equal to farmville cash.


I need to diversify into FarmVille cash. 
evoorhees
Legendary
*
Offline Offline

Activity: 994


Democracy is the original 51% attack


View Profile
June 04, 2012, 04:57:29 PM
 #5

Any onlooker who puts a real currency like Bitcoin in the same category as FarmVille cash has missed the point entirely. The fact that they're both "digital" is where the similarities end... and indeed both Bitcoin and FarmVille cash share the "digital" trait with USD and all other fiat. All money is digital these days - even "paper money" is just redeemable coupons for digital currency in your bank account. The only serious non-digital currency is gold/silver.

USD is actually more similar to FarmVille cash than BTC, because the former two are A) centrally controlled and B) can be created at whim - two crucial attributes, and far more important than that all three of these are digital.
Kazimir
Legendary
*
Offline Offline

Activity: 1036



View Profile
June 04, 2012, 05:09:00 PM
 #6

Any onlooker who puts a real currency like Bitcoin in the same category as FarmVille cash has missed the point entirely. The fact that they're both "digital" is where the similarities end... and indeed both Bitcoin and FarmVille cash share the "digital" trait with USD and all other fiat. All money is digital these days - even "paper money" is just redeemable coupons for digital currency in your bank account. The only serious non-digital currency is gold/silver.

USD is actually more similar to FarmVille cash than BTC, because the former two are A) centrally controlled and B) can be created at whim - two crucial attributes, and far more important than that all three of these are digital.
+1, exactly!

Comparing Bitcoin to "FarmVille cash" is symptomatic for the total lack of understanding and insight by these stone age bankers. Cryptography, P2P, decentralized, I guess most of them haven't got a single clue what these concepts are actually about. But I guess they'll find out soon enough. Cryptocurrency (and more specifically: Bitcoin) is here to stay.

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
Piper67
Legendary
*
Offline Offline

Activity: 1008



View Profile
June 04, 2012, 05:14:19 PM
 #7

Any onlooker who puts a real currency like Bitcoin in the same category as FarmVille cash has missed the point entirely. The fact that they're both "digital" is where the similarities end... and indeed both Bitcoin and FarmVille cash share the "digital" trait with USD and all other fiat. All money is digital these days - even "paper money" is just redeemable coupons for digital currency in your bank account. The only serious non-digital currency is gold/silver.

USD is actually more similar to FarmVille cash than BTC, because the former two are A) centrally controlled and B) can be created at whim - two crucial attributes, and far more important than that all three of these are digital.
+1, exactly!

Comparing Bitcoin to "FarmVille cash" is symptomatic for the total lack of understanding and insight by these stone age bankers. Cryptography, P2P, decentralized, I guess most of them haven't got a single clue what these concepts are actually about. But I guess they'll find out soon enough. Cryptocurrency (and more specifically: Bitcoin) is here to stay.

Or... they understand Bitcoin and its potential implications only too well, so are desperately trying to lump it in with Farmville cash, WOW gold and other "toy" currencies.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!