I actually like the concept of BitCoin and think a digital decentralized currency could possiblly work.
You can't be an absolutist on this.
In theory, a digital currency could work. Question is how to you make a physical token that represents a digital currency.
It has its advantages and disadvantages.
One advantage is I can travel worldwide without having to carry physical. currency that can be confiscated, stolen, or has to be exchanged.
Also, if we can cut out all the central banks in the world then it is a huge blow to globalism.
Disadvantage is a super quantum computer could hijack the algorithm and blow the entire digital currency up. But quantum computing would wreak havoc anyways since practically every password could be brute force hacked at that point.
Question is how to you make a physical token that represents a digital currency.
You print, or write by hand, or emboss on piece of metal or plastic the private key of address containing necessary sum. That's all. Payee add that key to wallet and check that it is valid and have declared sum, than he immidiately could use it or transfer to his main address or just another address with private key known only to him to avoid any payer cheating since while payer know private key too he could use that address to transfer money.
If you would have been RTFM instead of listening shitty economy "experts" and other swindlers, you already would have known that.
I actually like the concept of BitCoin and think a digital decentralized currency could possiblly work.
You can't be an absolutist on this.
In theory, a digital currency could work. Question is how to you make a physical token that represents a digital currency.
It has its advantages and disadvantages.
One advantage is I can travel worldwide without having to carry physical. currency that can be confiscated, stolen, or has to be exchanged.
Also, if we can cut out all the central banks in the world then it is a huge blow to globalism.
Disadvantage is a super quantum computer could hijack the algorithm and blow the entire digital currency up. But quantum computing would wreak havoc anyways since practically every password could be brute force hacked at that point.
You print, or write by hand, or emboss on piece of metal or plastic the private key of address containing necessary sum. That's all. Payee add that key to wallet and check that it is valid and have declared sum, than he immidiately could use it or transfer to his main address or just another address with private key known only to him to avoid any payer cheating since while payer know private key too he could use that address to transfer money.
If you would have been RTFM instead of listening shitty economy "experts" and other swindlers, you already would have known that.