Same old retaliation posts...
I never said Visa is a currency, stop being ignorant and read the thread before you post.
As far as I know, I use Visa/MasterCard everyday (90% of the time), but they don't print money, it's the central banks that print/create money physically or digitally.
FYI:
http://youtu.be/01IusDeSPE4This thread is not about eMunie, so please refrain from going off topic and pigging back on other currencies (and it's nothing like Visa, btw).
This line is a pretty clear description of yourself:
You don't understand economics, you don't understand computer science that's pretty clear now.
Your post is really priceless.
1) You didn't explicitly say VISA is currency/money. You implied this by comparing VISA to Primecoin. If i'm wrong why do you compare apples with oranges ? And be sure that even "average Joe" will see differences.
2) This thread isn't about eMunie? okay then don't refer to this scamcoin
3) You talk about central banks, but your video link is on commercial banks. Central banks create money out of nothing (that's why it's called Fiat, like in Fiat lux!), Commercial banks create money by issuing asymmetric debt (with $10 in assets central banks authorize them to lend 200$). It's certainly not the same business. Again you seem to mingle economics concepts, economics agents and relation between them. You want to learn a bit ? Go an buy G. Mankiw book
Principles of Economics (even if it's a keynesian book, it's well written)
My point ? I'm really far far from being a noob in economics, and all your arguments against primecoin are /dev/null . They just show how much you're ignorant. Nothing more. Nothing less.