re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG

quote:

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Bitcoin:
(1) Decentralized
(2) Utilizes cryptography (hence the term "crypto-currency")
(3) Pseudonymous

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(1) With one exchange handling 80% of the btc currency exchange transactions and when that exchange has problems the bitcoin collapses in value, you can't claim it to be decentralized. It is VERY centralized.

(2) Cryptography is over hyped since we've seen numerous cases of thousands of bitcoin owners being robbed of their bitcoins by hackers.

(3)

quote:

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pseu·don·y·mous [soo-don-uh-muhs]
1. bearing a false or fictitious name.

2. writing or written under a fictitious name.

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Definition of pseudonymous

I don't think your word means what you think it does. Are you SURE you meant to use that word to describe Bitcoin???