Canada to Mint Its Own Crypto-Currency

Discussion in 'privacy general' started by lotuseclat79, Apr 6, 2012.

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  1. lotuseclat79
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    lotuseclat79 Registered Member

  2. EncryptedBytes
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    EncryptedBytes Registered Member

    You can read more on their concept here:

    -http://developer.mintchipchallenge.com/devguide/transactions.html-
    -http://developer.mintchipchallenge.com/devguide/hardware.html-
    -http://developer.mintchipchallenge.com/devguide/ecosystem.html-

    I will await more details to come out on their implementation plans and security means. Seems interesting if it takes off. It does still follow a central authority as an issuer, thus if you are hoping for anonymity as with bitcoins this will not be the case. I do see virtual wallet stealing trojans on the rise however in the near future. :D
  3. tobacco
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    tobacco Frequent Poster

  4. Carver
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    Carver Registered Member

    A alternative to paypal.
  5. arubarocks77
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    arubarocks77 Guest

    Just because they've asked hackers to help make the chip secure doesn't mean it will be safe to use. I mean really....electronic money. What will happen to those of us who have ParaNoid as their last name.
  6. Dermot7
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    Dermot7 Registered Member

    http://www.wired.com/threatlevel/2012/05/mintchip/
  7. chronomatic
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    chronomatic Registered Member

    Bitcoin is not anonymous and should not be assumed to be so. The Bitcoin developer himself has stated this explicitly.
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