Topic: new!? digital currency pegged to USD, called Kurrenci (Read 4290 times)
"New" currency.....
Has anyone wathced that "explainatory" video?
http://www.youtube.com/watch?v=8igl34Ip0Gg&feature=player_embedded
I think they estimate their audience being complete infantile retards for making such a dummy cartoon!
Really, it explains nothing and that woman narrator seems like just out of daycare.
http://surfwithberserk.com/img/funny/epic_fails/56.jpg
http://www.youtube.com/watch?v=8igl34Ip0Gg&feature=player_embedded
I think they estimate their audience being complete infantile retards for making such a dummy cartoon!
Really, it explains nothing and that woman narrator seems like just out of daycare.
http://surfwithberserk.com/img/funny/epic_fails/56.jpg
LOL!!!
"and Its FUN!" that line alone was enough for me to say NO!
https://kurrenci.com/public/terms-of-use.aspx
I especially love the sections "Unilateral Service Revocation" and "Indemnification", which basically say that Kurrenci.com can suspend your account, hold the money, or otherwise screw you over at any time, and there's legally nothing you can do about it.
It's everything I love about PayPal, and more! At least PayPal has to give you the money back after 6 months.
I especially love the sections "Unilateral Service Revocation" and "Indemnification", which basically say that Kurrenci.com can suspend your account, hold the money, or otherwise screw you over at any time, and there's legally nothing you can do about it.
It's everything I love about PayPal, and more! At least PayPal has to give you the money back after 6 months.
Advertising a "currency" and then delivering a "payment processing system" is fraud.
+1
Currencies: Bitcoin, Linden Dollars, US Dollars, Euros, Gold coins.
Payment systems : Bitcoin, Paypal, Dwolla, Facebook Credits, MintChip, and now Kurrenci
Some things are a currency, and some things are a payment system. Bitcoin is actually both, while systems claiming to be "digital currencies" like MintChip and Kurrenci are actually just payment systems for a specific currency (CAD and USD, respectively).
Hey, at least Bitcoin gets held up by butterflys! 
Who props up this mythical currency?
It goes live for 3 weeks and then tanks
Each shop has its own exchange rate? That just won't happen. They may offer their own individual discount on certain items, but not an exchange rate.
OMFG!
http://www.youtube.com/watch?v=F29PYXSZhqc
And they say Bitcoin is too volatile for commerce... Kurrenci is volatocoin in person as you never now how much it's worth. You just know the minimum value of it.
Are these guys for real?
http://www.youtube.com/watch?v=F29PYXSZhqc
And they say Bitcoin is too volatile for commerce... Kurrenci is volatocoin in person as you never now how much it's worth. You just know the minimum value of it.
Are these guys for real?
Another one of these pops up every year or so -- e-Gold, Liberty Reserve, Dwolla, Pecunix, etc.
None of them ever end up being actual currencies. Besides, currencies that are pegged to other currencies are not really true currencies either.
None of them ever end up being actual currencies. Besides, currencies that are pegged to other currencies are not really true currencies either.
Hang on, does that mean I cannot speculate on it, except I want to speculate on the Dollar itself!?
Dammed!
Another one of these pops up every year or so -- e-Gold, Liberty Reserve, Dwolla, Pecunix, etc.
None of them ever end up being actual currencies. Besides, currencies that are pegged to other currencies are not really true currencies either.
None of them ever end up being actual currencies. Besides, currencies that are pegged to other currencies are not really true currencies either.
Hang on, does that mean I cannot speculate on it, except I want to speculate on the Dollar itself!?
Dammed!
Has anyone wathced that "explainatory" video?
http://www.youtube.com/watch?v=8igl34Ip0Gg&feature=player_embedded
I think they estimate their audience being complete infantile retards for making such a dummy cartoon!
Really, it explains nothing and that woman narrator seems like just out of daycare.
http://www.youtube.com/watch?v=8igl34Ip0Gg&feature=player_embedded
I think they estimate their audience being complete infantile retards for making such a dummy cartoon!
Really, it explains nothing and that woman narrator seems like just out of daycare.
I asked some questions in their chat box, but nobody's gotten back to me yet.
The "Earn" section makes me think it is Bitcoin related, although they have nothing there yet.
The "Earn" section makes me think it is Bitcoin related, although they have nothing there yet.
Hi Garret! I can seee youuu!
I've read the FAQ, it's so much fail, so much fail. 
Yeah I'm highly skeptical this will work. I don't see how they're going to save merchants money and make a profit and offer 1:1 exchange rate and make money.
Apparently they can't even do basic math:
EDIT: or I guess it's the author of this article, Bakari Chavanu, that can't do math?
EDIT2: Ah no, it's taken directly from their FAQ https://kurrenci.com/public/FAQ so it's actually them that can't do the math.
Basically they claim the merchant will be able to save on transactions fees which will allow him to offer a lower price which will be the only reason for a positive exchange rate.
Quote
How does the exchange rate work? Kurrenci says you take the purchase price and divide it by the store’s exchange rate. For example, if a shirt you want costs $50 and the exchange rate is $1.25, then you pay just 40 Kurrenci. You save $10.
EDIT: or I guess it's the author of this article, Bakari Chavanu, that can't do math?
EDIT2: Ah no, it's taken directly from their FAQ https://kurrenci.com/public/FAQ so it's actually them that can't do the math.
Basically they claim the merchant will be able to save on transactions fees which will allow him to offer a lower price which will be the only reason for a positive exchange rate.
I thought that merchants would be doing a higher exchange rate to lure buyers in. It's a very abstract idea that I seriously doubt will work.
Hey at least they didn't pull a dwolla by saying that they are chargeback-able from the beginning.
The CEO and founder, Mosheh, is a friend of mine from the early days and we went to college together.
We have spoken many times about Bitcoin and Kurrenci and he plans to integrate with Bitinstant to allow for Bitcoin deposits as well as our other methods.
Will keep everyone updated.
-Charlie
Have I mentioned that you rock, Charlie!We have spoken many times about Bitcoin and Kurrenci and he plans to integrate with Bitinstant to allow for Bitcoin deposits as well as our other methods.
Will keep everyone updated.
-Charlie
Sidenote, I talked to these guys on twitter, it seems like they process chargebacks.
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