BitInstant Continues Bitcoin Paycard Plan 152
judgecorp writes "Virtual currency exchange BitInstant says its BitCoin credit card is still on track. even though Mastercard denied any involvement with the plans yesterday. BitInstant says it is applying through a third party bank which will broker a Mastercard application. BitInstant is still taking signups for the card. Oh, one clarification: the card will not be anonymous."
Thank God (Score:5, Funny)
Well, actually, there was the story on Wednesday [slashdot.org] that was able to keep my hopes up. If you can subtly work a few more BitInstant stories into the next few days, I'll be compelled to get a card and those advertising dollars will have been well spent.
Re:I'm curious... (Score:4, Funny)
...as to how many actually use Bitcoin, and how not being either a government-supported fiat currency and also not being specie with some inherent material value it can have value not intensely tied to being a trend. After all, we've seen a lot of other essentially worthless things become very valuable, and then crash, and we've even seen valuable things like real estate also crash. In the end, bullion and real estate have tangible value. A string of characters does not, and without the backing of a government I don't see how it'll work.
It's identical to any other economic system. Basically, it's Tinkerbell. So long as you believe, everything will be okay...
Re:I'm curious... (Score:4, Funny)