Quote from: Melbustus on November 13, 2014, 09:32:17 PM

Quote from: cypherdoc on November 13, 2014, 06:59:39 PM

over and over and over. sheesh:

Bitcoin is two things, right? Bitcoin is a currency and it is a way to create a network. And the two today arent associated. People (ask): Are you going to accept the coin? And the answer is, well think about it when our clients actually want to use it. So when we have banks and merchants saying Hey, our clients really want to pay in Bitcoin, then it becomes a meaningful question for us to answer. Until then, it is just theoretical would we do it, and we have I forget a couple of hundred currencies or 170 currencies that we do business in. If we chose another one, we can certainly do that.

The VISA CEO's willful ignorance aside, I'm seeing more people come out in defense of blockchain/currency inseparability lately, and some people who previously thought incorrectly on this issue are turning around. Hopefully that trend continues.

Quote from: cypherdoc on November 13, 2014, 06:59:39 PM

http://www.pymnts.com/news/2014/visa-ceo-confirms-tokens-as-new-network-revenue-stream/#.VGS1MlVn3qc

read the article. it talks extensively about "tokens".

Granted in a different context, but I'm reminded of the Hive-wallet Founder/CEO's insufferable insistence on using the term "token" instead of money or coin. He has a backwards and obnoxious philosophical position on the nature of crypto money, and it influences their business decisions. I, for one, will never touch HiveWallet, as that company's existence, given their philosophy, is a net negative to the bitcoin ecosystem.

Reminder for those who missed it the first time around:

Quote from: wendell on June 26, 2014, 03:15:05 AM

We at Hive agree that so-called crypto-currency is not money
...
We of Earth love our novelty, and I in particular find the idea of artificial digital scarcity so painfully fucking boring that I'm going to spend my time making your world view more difficult to sustain, as both a career and a hobby.

Dont u get VISA position? If is separable who runs the servers secure the chain? VISA of course. And they'll charge 2 to 5 pct per txn for the service. TBH a blockchain backend would be a lot better than a sql db to store financial txns... so it is not all bad.