Canada Launches MintChip, a Project to Digitize Currency

[JMcEntegart]

No more loose pocket change?

Canada Launches MintChip, a Project to Digitize Currency : Read more

 

[tethoma]

Interested to see how this plays out. I already never use physical money unless I am at a bar that doesn't take credit cards. I learned a long time ago that opening a tab with a credit card will save you money when compared to paying with cash.

 

[Guest]

Digital money. What could possibly go wrong?

 

[redeye]

bitcoin... the developers should submit an application ROFLMAO!

 

[azzz]

Will those Canadian strippers also be tipped with thumb drives?

 

[Guest]

Worst. Idea. Ever.
LOL@Cannukland

 

[Guest]

@moneyhax The world laughs at u

 

[Guest]

Makes me want chocolate mint ice cream now

 

[aveyoon]

Good idea.

 

[tburns1]

I guess the anonytools will become richly funded.

 

[freggo]

Talk about inexpensive research! Clever

 

[erunion]

Canada discontinuing the penny and making payments in gold? And here I am in the United States of Goldman Sachs.

Americans are too silly to allow the USA to discontinue the penny. "With no penny how would the dollar be worth 100 cents? Hur Dur." Of course, US money has been ridiculous from the beginning. We have the penny, nickle and dime based on a system of 10s, but the quarter and half dollar based on a system of 8s.

 

[-Jackson]

Am I the only one who thinks there's countless flaws in this?

 

[Marco925]

I'm surprised they're not handing out WoW Gold.

 

[chronium]

[citation][nom]-Jackson[/nom]Am I the only one who thinks there's countless flaws in this?[/citation]

Other then the same flaws that cash has I don't see what can really go wrong especially if they do not attach private information to it.

 

[Guest]

Crashes, hacks. Imagine if someone made a device that skimmed $1.00 off everyone's chips as they walk by them. Sounds like a bad idea to me.

 

[JOSHSKORN]

[citation][nom]tethoma[/nom]I learned a long time ago that opening a tab with a credit card will save you money when compared to paying with cash.[/citation]
Well, you must have some good self-control. LOL. I carry a $20, and when it's spent, I'm done.

 

[livebriand]

[citation][nom]brickman[/nom]Makes me want chocolate mint ice cream now[/citation]
Nahh... I prefer ice cream sandwich.

 

[Gundam288]

[citation][nom]-Jackson[/nom]Am I the only one who thinks there's countless flaws in this?[/citation]
oh yeah, soon as they said "the cloud" I started to worry what is going to happen IF the rest of the world follows this idea.

I would rather take bitcoin over this just for the fact that it isn't run by any gov.

 

[v3rlon]

yep, there are countless flaws in this. Of course, there are countless flaws with cash, too. Counterfitting, theft, quick change artists, slugs in machines, lost money, productions costs of minting the coins, security of the minting tools to prevent couterfitting, money that wears out (you know - the coins that don't work in the soda machine). And those are just a few off the top of my head.

No system is perfect. Identify the falws in whatever system you want to use and work to minimize them.