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Old 05-15-2013, 08:35 AM  
woj
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Quote:
Originally Posted by dyna mo View Post
crypto currency is electronic money that acts as alternative currency not produced by government-endorsed central banks nor necessarily backed by national currency.

that's not my definition.

First Bitcoin, Now Amazon Coins – Amazon Releases New Virtual Currency
http://www.thebitcoinchannel.com/archives/6357

Like its other platforms, Amazon is taking the long view with its Coins virtual currency
http://pandodaily.com/2013/05/13/lik...tual-currency/



it's a currency.

but you too missed my point in including that, which was that while the dhs hit dwolla over virtual currencies, there is an increasing prevalance and a greater acceptance of virtual/digital currencies and amazon coins being launched at the same time proves that.


hope that is more clear.
you are thinking of "virtual" currency, "crypto" implies that it's based on cryptography, amazon coins are not based on cryptography... so amazon coins is a virtual currency, but not a crypto currency...
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Last edited by woj; 05-15-2013 at 08:36 AM..
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