Re: What if? A government controlled digital currency

Quote from: pawel7777 on January 28, 2015, 04:50:16 PM

Quote from: RodeoX on January 28, 2015, 04:43:59 PM

I think you will see a lot of these in the future.

Canada has one now.
http://en.wikipedia.org/wiki/MintChip

Apparently that didn't succeed:

Canada Puts Halt to MintChip Plans; Could Sell Digital Currency Program
http://blogs.wsj.com/canadarealtime/2014/04/04/canada-puts-halt-to-mintchip-plans-could-sell-digital-currency-program/

But it seems to me it's not a 'Digital Currency' as Wikipedia describes it, but just another way of processing fiat payments.

You are correct!
The funny part is that when they were developing this they held "the mintchip challenge". They asked the question "What would you use mintchip for?" The number one answer was "To buy bitcoin". lol. So they picked another choice as winner and closed the contest. It was the beginning of the end for mintchip.