The Royal Canadian Mint just announced a new alternative to BitCoin

Re:The Royal Canadian Mint just announced a new alternative ... by msgr1 on Wednesday April 04, 2012 @11:30AM (#3797998)

And a software dev challenge to go with it where you can win $50K in gold bars. http://mintchipchallenge.com

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Re:The Royal Canadian Mint just announced a new alternative ... by ben1040 on Wednesday April 04, 2012 @11:50AM (#3798097)

Also of note: according to the rules, it's open to Americans as well as Canadians:

http://mintchipchallenge.com/rules

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Re:The Royal Canadian Mint just announced a new alternative ... by oskarpearson on Wednesday April 04, 2012 @12:03PM (#3798153)

It's also open to corporations in the same locations from a quick glance on my side.

My guess is that us foreigners could register a company in Delaware etc, and compete.

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Re:The Royal Canadian Mint just announced a new alternative ... by jonhernandez on Wednesday April 04, 2012 @11:45AM (#3798076)

Keep in mind the grand prize is $17K, it's approximately $50K spread out amongst all the winners.

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Re:The Royal Canadian Mint just announced a new alternative ... by midu on Wednesday April 04, 2012 @11:57AM (#3798126)

keep in mind that the prize is GOLD! As in: https://www.google.com/search?sugexp=chrome,mod%3D6&ix=n...

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Re:The Royal Canadian Mint just announced a new alternative ... by eli on Wednesday April 04, 2012 @12:15PM (#3798226)

That's cute, but also pretty inconvenient.

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Re:The Royal Canadian Mint just announced a new alternative ... by Foy on Wednesday April 04, 2012 @01:01PM (#3798506)

I find it ironic that a new e-currency designed to remove the need for cash or cumbersome online payment methods would reward it's challenge winners with probably the most cumbersome currency; gold bullion.

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Re:The Royal Canadian Mint just announced a new alternative ... by ralfd on Wednesday April 04, 2012 @01:37PM (#3798744)

How would they get the 17K in Gold to you? Is it delivered via FedEx?

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Re:The Royal Canadian Mint just announced a new alternative ... by lwat on Wednesday April 04, 2012 @07:06PM (#3800364)

Registered and insured mail

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