How would you define a Bitcoin company? Is it just a label marketers use to get free promotion? Or is it it's own distinct genre of business in the same way Christian music artists, are indeed Christian, and not just using the title and subject matter to launch their careers off an easier sellable market?
Understanding the mechanics used in the purity test to determine a proper Bitcoin company from a company pretending to be one is very important. We need them to be standardized so essentially being a Bitcoin company would actually be an accredited title like being a part of the BBB
That should be called "The VISA company" crap.
That is not Bitcoin anymore, promoting use of VISA cards (aka fiat cards).
FUCK THAT SHIT! Shame on you promoting a VISA company as being a Bitcoin company!
I think it would definitely be better if the Bitcoin company offered gift cards denominated in satoshis, operating on top of a Ecash mint, but until they do, it is a useful stop gap.
But the question does remain, what is the definition of a Bitcoin company? Because the Bitcoin Company is indeed promoting the usage of Visa products, does that actually make them a fiat company?
promoting the usage of Visa products, does that actually make them a fiat company?
TOTALLY YES!
If you push people to use fiat products, what will you get other than just fiat?
Merchants will just get over it and only accept those VISA cards, never looking into accepting BTC only.
Make the merchants accepting BTc not VISA - that is the definition of a Bitcoin company, not the way around.
A real Bitcoin company will never use fiat in any shape or form.
Bitcoin only.
IN OTHER WORDS: FUCK THE BITCOIN COMPANY, NEVER GET FOOLED BY FIAT MAXIS.
What other qualifications would you put on it? There are other potential loopholes such as using Tether or shitcoins in general, but not having a bank account.