24 Sep '12, 11pm

#Bitcoin made a big splash in the MintChip challenge - so why won't they acknowledge our entry?

#Bitcoin made a big splash in the MintChip challenge - so why won't they acknowledge our entry?

While Bitcoin has been attempting to bring money into the modern age, it hasn't been alone. The Royal Canadian Mint has been hard at work developing their own digital transaction system called MintChip . It touts many of the cash-like features that Bitcoin merchants love and is backed by a governmental entity, so it's lacking a lot of the barriers to mainstream success that Bitcoin has, and while one might think that the general reaction of the Bitcoin community to a competitor would be hostile (and for a certain group it certainly was) the majority of us had one response: Irreversible transactions with a purely digital government-backed fiat currency? I'd use that to buy Bitcoins, it's better than PayPal. Apparently the MintChip folks weren't too happy about that.

Full article: http://codinginmysleep.com/royal-canadian-mint-shuns-bitc...

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