Canada to Mint Its Own Crypto-Currency

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

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  1. lotuseclat79

    lotuseclat79 Registered Member

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    lotuseclat79, Apr 6, 2012
    #1
  2. EncryptedBytes

    EncryptedBytes Registered Member

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    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
     
    EncryptedBytes, Apr 6, 2012
    #2
  3. tobacco

    tobacco Frequent Poster

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    tobacco, Apr 6, 2012
    #3
  4. Carver

    Carver Registered Member

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    A alternative to paypal.
     
    Carver, Apr 6, 2012
    #4
  5. arubarocks77

    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.
     
    arubarocks77, Apr 17, 2012
    #5
  6. Dermot7

    Dermot7 Registered Member

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    http://www.wired.com/threatlevel/2012/05/mintchip/
     
    Dermot7, May 7, 2012
    #6
  7. chronomatic

    chronomatic Registered Member

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    Bitcoin is not anonymous and should not be assumed to be so. The Bitcoin developer himself has stated this explicitly.
     
    chronomatic, May 7, 2012
    #7
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