Open source currency ... I suppose you all already know about the NZ bitcoin exchange https://bitnz.com/ other than this though doesn't seem to be much else happening in NZ regards bitcoin/namecoin etc.

-------- Original Message -------- Subject: [wlug] With Euro Zone Problems, Bitcoin Experiencing Boost In Legitimacy From: Peter Reutemann <fracpete(a)waikato.ac.nz> Date: Wed, June 13, 2012 4:20 pm To: wlug <wlug(a)list.waikato.ac.nz>

For the Bitcoiners among you, this might be interesting:

"Despite being used for drugs and beef jerky, Bitcoin is finding legitimate purposes. Bitcoin's decentralized convenience means international efficiency, in areas where local restrictions on money transfers to foreign companies make legal businesses cumbersome. 'I've been able to have cash in my bank account in a matter of hours using Bitcoin, rather than three days with traditional banking,' one British businessman in China told Reuters. In embattled Europe, Bitcoin offers some a viable alternative against central banks, said a Greek owner of an island bar and restaurant who accepts payment in Bitcoin. 'I don't put money in the banks. I trust the euro as a note, but I don't trust banks. I don't want them making money out of my earnings.' Indeed, Europe's financial woes are caused an unprecedented surge of interest in the alternative currency, as the continent loses economic credibility with each new bailout, according to a report by the Financial Post."

-- source: http://politics.slashdot.org/story/12/06/12/2351203/with-euro-zone-problems-...

Cheers, Peter -- Peter Reutemann, Dept. of Computer Science, University of Waikato, NZ http://www.cms.waikato.ac.nz/~fracpete/          Ph. +64 (7) 858-5174 _______________________________________________ wlug mailing list | wlug(a)list.waikato.ac.nz Unsubscribe: http://list.waikato.ac.nz/mailman/listinfo/wlug