Tell that to the 1's in my wallet ayh used to buy McDonald's this evening.
Is that piece of paper in your wallet backed by ... ?
nothing.
well, to be fair... it's back by a government promise.
a promise to what?
a promise to use the might of the Federal Government to force everyone to use USDs.
imagine what would happen to that paper in your pocket ...if Congress cancels your series of notes, and issues new paper cash. what's your cash worth then? #fuckall
don't get suckered into the digital vs cash limited hangout when the real debate should be about who controls the records.
more to the point: every "1" in your wallet has a serial number printed on it.
that serial number - "i promise" # 2B765876786786A
how are those numbers created and stored?
MULTIPLE CHOICE:
A) hand-transcribed onto paper and kept in a very large book of records within the Federal Reserve.
B) computer generated and stored in a digital database
most currency is a "digital" receipt of a promise to promote the currency every way possible - no different than every crypto. well except that crypto is way better - offers much great security (data integrity) and privacy or transparency (depending on what you need).
cash is already digital
Is that piece of paper in your wallet backed by ... ?
nothing.
well, to be fair... it's back by a government promise.
a promise to what?
a promise to use the might of the Federal Government to force everyone to use USDs.
imagine what would happen to that paper in your pocket ...if Congress cancels your series of notes, and issues new paper cash. what's your cash worth then? #fuckall
don't get suckered into the digital vs cash limited hangout when the real debate should be about who controls the records.
more to the point: every "1" in your wallet has a serial number printed on it.
that serial number - "i promise" # 2B765876786786A
how are those numbers created and stored?
MULTIPLE CHOICE:
A) hand-transcribed onto paper and kept in a very large book of records within the Federal Reserve.
B) computer generated and stored in a digital database
most currency is a "digital" receipt of a promise to promote the currency every way possible - no different than every crypto. well except that crypto is way better - offers much great security (data integrity) and privacy or transparency (depending on what you need).
gotta jet.. USD is already digital.
ps. technology is not evil. but it can cut both ways: knives can be used for spreading butter or murder.
crypto (higher math) offers unparalleled transparency!
other crypto (higher math) offers unparalleled privacy!
both are great features - depending on your use case - you just need to program it to your needs.
don't be a #cryptohater just because a few douchebags are attempting to exploit the tech for nefarious purposes..... fight fire with fire!