top | item 31661665 (no title) audleman | 3 years ago They are trying to build a physical/digital bearer instrument. Not a company, pure cash in your pocket. Of course the standards for security are higher. discuss order hn newest spicybright|3 years ago That's completely ridiculous, of course it's a company.You needed resources to design the money art, put NFC chips on them, code + test the system, and make the promo website.Next they have to build more of the site, setup a system to track sales and deliver the money to customers, and host a server to make the money work.Not only that but this is definitely not "cash in your pocket". Cash has value backed by the government that you can pay taxes with.Even if Bitcoin notes take off, they're no better than a visa gift card you can redeem (if the company doesn't go out of business, at least)I sound like I'm bashing, but it's very disingenuous to say this and bitcoin is the same as fiat currency.
spicybright|3 years ago That's completely ridiculous, of course it's a company.You needed resources to design the money art, put NFC chips on them, code + test the system, and make the promo website.Next they have to build more of the site, setup a system to track sales and deliver the money to customers, and host a server to make the money work.Not only that but this is definitely not "cash in your pocket". Cash has value backed by the government that you can pay taxes with.Even if Bitcoin notes take off, they're no better than a visa gift card you can redeem (if the company doesn't go out of business, at least)I sound like I'm bashing, but it's very disingenuous to say this and bitcoin is the same as fiat currency.
spicybright|3 years ago
You needed resources to design the money art, put NFC chips on them, code + test the system, and make the promo website.
Next they have to build more of the site, setup a system to track sales and deliver the money to customers, and host a server to make the money work.
Not only that but this is definitely not "cash in your pocket". Cash has value backed by the government that you can pay taxes with.
Even if Bitcoin notes take off, they're no better than a visa gift card you can redeem (if the company doesn't go out of business, at least)
I sound like I'm bashing, but it's very disingenuous to say this and bitcoin is the same as fiat currency.