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re: Western Union, MoneyGram execs: opportunity for bitcoin to be used through WU/MG
Posted on 4/19/13 at 4:03 pm to Vols&Shaft83
Posted on 4/19/13 at 4:03 pm to Vols&Shaft83
quote:
How is bitcoin different from FB Credits? From a tech standpoint?
Holy shite, are you seriously asking this question? Do you not read anything I post? Have you not investigated bitcoin at all?
Bitcoin:
Decentralized
Utilizes cryptography (hence the term "crypto-currency")
Pseudonymous
Facebook Credits:
Centralized
Does not utilize cryptography
Not pseudonymous
2
Posted on 4/19/13 at 4:09 pm to WikiTiger
Ok, but they are both pieces of code on a computer screen are they not?
Also noticed you used the term
Also noticed you used the term
quote:. Are bitcoins anonymous, antonymous, autonomous, eponymous, homonymous, paronymous, synonymous, theonomous, or Pseudonymous now?
Pseudonymous
This post was edited on 4/19/13 at 4:14 pm
Posted on 4/19/13 at 5:13 pm to WikiTiger
quote:
Bitcoin:
(1) Decentralized
(2) Utilizes cryptography (hence the term "crypto-currency")
(3) Pseudonymous
(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:Definition of pseudonymous
pseu·don·y·mous [soo-don-uh-muhs]
1. bearing a false or fictitious name.
2. writing or written under a fictitious name.
I don't think your word means what you think it does. Are you SURE you meant to use that word to describe Bitcoin???
This post was edited on 4/19/13 at 5:16 pm
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