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Author Topic: Bitcoin - Magic Computer Money  (Read 9793 times)
paulie_w
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July 28, 2012, 02:22:44 AM
 #81

i don't think it will scare people, i think it will put them at ease and see no reason to be afraid of it.

right now bitcoin freaks people out because of the language associated with it: digital gold, digital money, decentralized currency, be your own bank etc.

too heavy.

let it be fun and magic for a while. if it really starts working and the right infrastructure springs up around it that it can and should be used for 'serious' financial transactions, then the tag changes along with everything else.
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FreeMoney
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Strength in numbers


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July 28, 2012, 03:14:10 AM
 #82

Wicked sweet net money

or

Bad Ass Money aka BAM

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Kluge
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July 28, 2012, 03:21:30 AM
 #83

Bitcoin: Discover the Internet Sensation Your Wife Doesn't Want YOU to Know About.

Don't mix your coins someone said isn't legal
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July 28, 2012, 06:24:46 PM
 #84

Look at your dollar, now back to bitcoin. Sadly, your dollar isn't bitcoin.
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#RIP freemoney


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July 30, 2012, 07:38:25 PM
 #85

Oh, if only you knew what kind of hash I'm making.

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mc_lovin
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July 30, 2012, 07:57:48 PM
 #86

I call it "Magic Internet Money."

sounds funnier.


Canada wants some of that internet money!!!

joecascio
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July 30, 2012, 08:12:48 PM
 #87

I've gotten pretty good reactions to

"Bitcoin is Cash at a Distance"

which I wrote into this article on a friend's marketing blog. http://www.v3im.com/2012/07/interested-in-mobile-payments-bitcoin-is-cash-at-a-distance/#axzz228ZEPkeN

I think it's important to emphasize how like cash bitcoin really is. Like cash it's immediate and relatively anonymous (yes, yes, I know it's not perfectly anonymous), it doesn't expose the payer or payee to identity theft, relieves the payee of payer identity fraud, PCI costs, chargebacks, floats, batching delays, and bounced checks. The big difference between bitcoin and cash is that bitcoin can be sent over the internet directly, cash can't.

Somebody on this forum (wish I could remember who) emphasized the idea of currency authentication, as opposed to payer authentication. In other words, like cash, you the payee just have to make sure the bitcoin sent to you is good (ie, not counterfeit/double-spent), you don't care about who is giving it to you because you aren't being authorized to take money from their account later on. They actually just gave it to you just as though they put cash in your hand. I love that about bitcoin.

I sometimes describe the difference between bitcoin and other payment methods as "giving money not taking it". Checks and credit cards are ways of authorizing someone to withdraw (take) your money via a 3rd party. Bitcoin is based on depositing (giving) money directly to the payee.

Joe Cascio
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