Canadian Government to End ‘MintChip’ Digital Currency Program

kalus

sr. member

Activity: 420

Merit: 263

let's make a deal.

Quote from: Bit_Happy on April 05, 2014, 09:51:46 PM

Quote from: delphs on April 04, 2014, 07:34:20 PM

I'm Canadian and I've known about MintChip since the beginning and yet to ever seen it in any kind of ad on tv, radio, magazine, newspaper, web or any other kind of promotional literature.

Never seen it in action in any market, ever LOL

It won't be miss

So they (probably) spend "untold millions" in dev costs given to well connected friends of politicians, then don't even bother to promote it?

the canadian government recently spent $2.5million for countrywide advertizing for the the Canada Job Grant, a program which was never launched.

mintchip is a cool name, though.

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: LostDutchman on April 05, 2014, 09:52:51 PM

Quote from: Bit_Happy on April 05, 2014, 09:51:46 PM

Quote from: delphs on April 04, 2014, 07:34:20 PM

I'm Canadian and I've known about MintChip since the beginning and yet to ever seen it in any kind of ad on tv, radio, magazine, newspaper, web or any other kind of promotional literature.

Never seen it in action in any market, ever LOL

It won't be miss

So they (probably) spend "untold millions" in dev costs given to well connected friends of politicians, then don't even bother to promote it?
Sounds like the way the USA does things too.

I'll buy that one for sure!

My $.02.

Wink

Yes, so will my grand-kids grand-kids and they cannot afford it.
Will you be able to pay 80% Cheesy

freedomno1

legendary

Activity: 1834

Merit: 1094

Learning the troll avoidance button :)

Quote from: Bit_Happy on April 04, 2014, 07:29:04 PM

The Canadian government has announced that it will end its MintChip electronic payment system, and that it will look to sell the business to the private sector.
Announced in 2012, MintChip was not a digital currency akin to bitcoin, but rather a digital payment mechanism meant to function as an electronic cash that could be transferred between users.

Still, MintChip was widely viewed as an alternative to bitcoin that was famously criticised by Bitcoin Foundation director Jon Matonis for “missing the point” of the technology.
http://www.coindesk.com/canadian-government-end-mintchip-digital-currency-program/
The news is surprising given that as recently as this past September, the government was reportedly working on a second version of its MintChip concept.

MintChip was not a "genuine crypto", but at least it is no longer competing with BTC. (Depending on if they are able to sell it)
How many other altcoins died this week?

He-he I guess things change quite quickly, funny since I just noted that the mintchip could be the government equivalent of Bitcoin and of course a day later this comes out

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: Bit_Happy on April 05, 2014, 09:51:46 PM

Quote from: delphs on April 04, 2014, 07:34:20 PM

I'm Canadian and I've known about MintChip since the beginning and yet to ever seen it in any kind of ad on tv, radio, magazine, newspaper, web or any other kind of promotional literature.

Never seen it in action in any market, ever LOL

It won't be miss

So they (probably) spend "untold millions" in dev costs given to well connected friends of politicians, then don't even bother to promote it?
Sounds like the way the USA does things too.

I'll buy that one for sure!

My $.02.

Wink

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

Quote from: delphs on April 04, 2014, 07:34:20 PM

I'm Canadian and I've known about MintChip since the beginning and yet to ever seen it in any kind of ad on tv, radio, magazine, newspaper, web or any other kind of promotional literature.

Never seen it in action in any market, ever LOL

It won't be miss

So they (probably) spend "untold millions" in dev costs given to well connected friends of politicians, then don't even bother to promote it?
Sounds like the way the USA does things too.

delphs

sr. member

Activity: 252

Merit: 250

Quote from: LostDutchman on April 05, 2014, 09:57:35 AM

Quote from: Kuttingcorners on April 05, 2014, 08:58:21 AM

I'm Canadian we love clubbing seals as well as pirate lookin mofo s Shocked

Oh, come on guys!

I was trying to make a joke but it didn't work out well, so I apologise!

I should have given it more thought.

Mea Culpa!

My $.02.

Wink

+1

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: Kuttingcorners on April 05, 2014, 08:58:21 AM

I'm Canadian we love clubbing seals as well as pirate lookin mofo s Shocked

Oh, come on guys!

I was trying to make a joke but it didn't work out well, so I apologise!

I should have given it more thought.

Mea Culpa!

My $.02.

Wink

Kuttingcorners

sr. member

Activity: 446

Merit: 250

I'm Canadian we love clubbing seals as well as pirate lookin mofo s Shocked

softron

full member

Activity: 210

Merit: 100

Maybe they are working on something else

delphs

sr. member

Activity: 252

Merit: 250

Quote from: LostDutchman on April 04, 2014, 07:38:18 PM

It is beyond me why Canada thought it could do this.

I mean, these are the people who run the baby seal hunt.

My $.02.

Wink

since when the Government ever had a good idea? of course their "digital" currency will simple be the same as the regular currency lol

As for the baby seal hunt? I'm not going to open a can of worm but since international fishing killed orcas and sharks the seals no longer have natural predators and the are over populated eating more seafood than before man was around, therefore destroying the natural local habitat of bears, penguins, dolphins, whales and birds... So yeah we do allowed seals to be hunted, but the baby seals crap is false, the French bitch from the 70s paid 8 rednecks tons of money to massacre babies for the faux-documentary, all the local government recognized the hunters on that film and were all jailed the same month the movie came out. The only time a baby seal will be killed is if he,s still a pup and his parent were killed, no other seal will help them and won't learn any skills and die from hunger, mercy kill.

LostDutchman

sr. member

Activity: 476

Merit: 250

Quote from: Bit_Happy on April 04, 2014, 07:29:04 PM

The Canadian government has announced that it will end its MintChip electronic payment system, and that it will look to sell the business to the private sector.
Announced in 2012, MintChip was not a digital currency akin to bitcoin, but rather a digital payment mechanism meant to function as an electronic cash that could be transferred between users.

Still, MintChip was widely viewed as an alternative to bitcoin that was famously criticised by Bitcoin Foundation director Jon Matonis for “missing the point” of the technology.
http://www.coindesk.com/canadian-government-end-mintchip-digital-currency-program/
The news is surprising given that as recently as this past September, the government was reportedly working on a second version of its MintChip concept.

MintChip was not a "genuine crypto", but at least it is no longer competing with BTC. (Depending on if they are able to sell it)
How many other altcoins died this week?

It is beyond me why Canada thought it could do this.

I mean, these are the people who run the baby seal hunt.

My $.02.

Wink

delphs

sr. member

Activity: 252

Merit: 250

I'm Canadian and I've known about MintChip since the beginning and yet to ever seen it in any kind of ad on tv, radio, magazine, newspaper, web or any other kind of promotional literature.

Never seen it in action in any market, ever LOL

It won't be miss

Bit_Happy

legendary

Activity: 2114

Merit: 1040

A Great Time to Start Something!

The Canadian government has announced that it will end its MintChip electronic payment system, and that it will look to sell the business to the private sector.
Announced in 2012, MintChip was not a digital currency akin to bitcoin, but rather a digital payment mechanism meant to function as an electronic cash that could be transferred between users.

Still, MintChip was widely viewed as an alternative to bitcoin that was famously criticised by Bitcoin Foundation director Jon Matonis for “missing the point” of the technology.
http://www.coindesk.com/canadian-government-end-mintchip-digital-currency-program/
The news is surprising given that as recently as this past September, the government was reportedly working on a second version of its MintChip concept.

MintChip was not a "genuine crypto", but at least it is no longer competing with BTC. (Depending on if they are able to sell it)
How many other altcoins died this week?

Topic: Canadian Government to End ‘MintChip’ Digital Currency Program (Read 701 times)