Burger King said to be launching its own cryptocurrency, the WhopperCoin

munchies.vice.com

26 points·rmason··9 comments

Is this actually a cryptocurrency? Kind of seems like its just a centralized legder of rewards points - which wouldn't make for a very interesting article.

Can users transfer whoppercoin between each other without hitting BK's servers? Can you mine whoppercoin? Are the coins secured with a private key?

Much better article here: http://www.newsbtc.com/2017/08/23/burger-king-russia-launche...

Not a cryptocurrency, but a cryptotoken on the Waves platform.

Seems like:

>Can users transfer whoppercoin between each other without hitting BK's servers?

yes

> Can you mine whoppercoin?

> Are the coins secured with a private key?

Yes

>> Can you mine whoppercoin? > No

Unless you count eating lots of whoppers as mining.

For those who read only comments: this is only in Russia. And coin will be issued as a reward for buying whoppers, spendable on more whoppers. So, not that different than the "buy ten cups of coffee, get the eleventh free" type loyalty programs that have long existed at some US stores.

So if someone hacks into my smartphone, they can steal a thousand hamburgers?

Just a marketing gimmick.

100%.

Without a novel need,there's zero reason to make your own token simply for payments. That part has been solved.

Why not take payment in ethereum alone instead? The transaction is processed by the exact same miners whether it's a token or not.

Cool. When is Canadian Tire going to issue its own cryptocurrency?

*face-palm

Reply on news.ycombinator.com