[Errant]

Other News:

•Russian authorities say Bitcoin illegal

•Why Mt. Gox, the World’s First Bitcoin Exchange, is Dying

•Protesters smash iPhones after Apple bans Bitcoin app

•ATO [Australian Taxation Office] weighs Bitcoin rules

•How Bitcoin Can Severely Alter the American Lifestyle

•Bitcoin alternatives would trade in secret

[Errant]

Click to be Added / Removed.

[tomkat]

Not here, it’s not.

[yefragetuwrabrumuy]

How about this for a radical notion:

A conservative Bitcoin.

The trick is that, at least at first, it is *not* a currency, but a network of businesses and individuals, all of whom agree to follow conservative business and social practices and policies throughout their economic life.

Importantly, Democrats and their supporters and donors need not apply. Speculators and those employed by companies of dubious quality need not apply, because when it comes about, “Conservacoins” will not be for public sale.

It will not emerge as an alternative currency until there is a conservative congress and POTUS, who will hopefully enable it by putting parts of it out of reach of future governments.

[null and void]

Oh yeah. I’m going to trust google with my wallet.

Maybe they can offer a financial privacy package with it, one where they promise to limit the release of your most intimate financial details to anyone who will pay for them or has a warrant, or a note from their mommie.

[JoeProBono]

[Paine in the Neck]

GoogleCoin. There's one I won't touch.

Do More Evil®

[Hot Tabasco]

Considering how they have totally screwed up Youtube with their google plus crap, I wouldn’t touch them with a 30 foot pole........

[lucky american]

This goes to prove that anyone can coin a “bit coin”/GCoin. If I had a large company, I could theoretically declare my own form of currency. Like the tower of Babel, it won’t work.
I’ll stick to gold and silver. Everyone knows what that is.

[Gunslingr3]

Google might be a candidate for launching its own cryptocurrency in our opinion. The Googlecoin or Gcoin. Google has the largest P2P network in the world, which is what powers a cryptocurrency.

This overlooks one of the most important aspects of bitcoin - decentralized verification network. Bitcoin holds promise in no small part because the supply of coins is fixed. It would take an agreement by a majority of the nodes running the verification software to make an update that increased the pool of coins. Since bitcoin was created to prevent debasement, this is unlikely.

If Google owned their own verification network they could change the software at their whim and debase the currency. That prospect will harm adoption.

[sten]

a ‘googlecoin’ won’t fly as everyone knows its fully tracked and will end up being diluted