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A comment on Introducing the Shift Card: Use Bitcoin where Visa is accepted. Parent comment

Re:Introducing the Shift Card: Use Bitcoin where Visa is acc... by __tmg on Friday November 20, 2015 @10:54AM (#10601802)
Decentralisation was (and still is) the point of Bitcoin; any additional perks (e.g. anonymity) are emergent. Here's a quote from the original paper:

>Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

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Re:Introducing the Shift Card: Use Bitcoin where Visa is acc... by simplemath on Friday November 20, 2015 @11:44AM (#10602128)
The irony being of course is that Coinbase is literally a financial instution

but given confirmation time inherent to the network, I don't see a way around doing something similar to what coinbase have done here (minus the egregious part where they hold your private key)

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