[2015-01-27] The Cryptocurrency That Dare Not Speak Its Name

[LiteCoinGuy]

The Cryptocurrency That Dare Not Speak Its Name

The Federal Reserve appears to have looked at Bitcoin as a potential set of rails for real-time payments in the banking system but shelved the concept for now.

The agency's white paper on improving the payments system, released Monday, coins a new euphemism for Internet cryptocurrencies (of which Bitcoin is by far the best known): "Digital Value Transfer Vehicles." These are defined as "decentralized digital stores of value that can be exchanged."

http://www.americanbanker.com/bankthink/the-cryptocurrency-that-dare-not-speak-its-name-1072352-1.html



dont say the word....dont say it 

[Ludi]

"Digital Value Transfer Vehicles". I like it. Next time someone asks what bitcoin is I will say it's not just a currency but a Digital Value Transfer Vehicle  .

One such transfer vehicle, which goes unnamed in the paper, "was not considered a sufficiently mature technology at this time, but was identified for further exploration and monitoring given significant interest in the marketplace," the Fed said. Of the hundreds of cryptocurrencies that have sprouted up in the last few years, we're pretty sure the Fed is not referring to HoboNickels or PhilosopherStone.

 . They missed Doge.

[inigthz]

Sometimes we need entertainment.

[btcshiner]

So to recap:

Bitcoin is to Banking what Voldimort is to Harry potter

Interest in Hobonickels and Philosopherstones is at an all time high.

Good read but where did she even find those two coins at?

[goxed]

https://twitter.com/Itsjoeco/status/560117908593188865

[marcus_of_augustus]

federal reserve Digital Value Transfer Vehicles technologies navigating the interpipes