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These are features that are useful only after you accept that the coins have some value. If they don't store any value - then there is no use in security, priva
by zby 9y ago
These are features that are useful only after you accept that the coins have some value. If they don't store any value - then there is no use in security, privacy etc.
But the point is that it is the same with all money - people don't want it for itself - but rather because they expect to exchange it for something that they'll want in the future.
- dagaci 9y agoIf your paper money does not store value directly. Which means you can't eat it or directly build anything useful with it. And your checking account is simply a digital representation of that paper then i would argue that a purely digital currency is simply an evolution of that and not actually massively different from paper. The difference being the removal of the requirement of centralized control.