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> Physical currency is already less than 10% of currency. I got my terminology wrong here. I didn't mean physical currency like notes or whatever, I really jus
by SCdF 9y ago
> Physical currency is already less than 10% of currency.
I got my terminology wrong here. I didn't mean physical currency like notes or whatever, I really just meant currencies backed by a government, £/USD etc.
> It prevents fraud from Governments
Doesn't it just replace it with another form of fraud, but this one without any ability to democratically replace it? Specifically, consensus algorithms that fall over if you manage to own enough computing power?
> You are mixing up a currency with a payment merchant.
Sorry, you're right. As someone who has tried to learn about bitcoin et al and never seen the point, the fact that I have to trust another payment provider for no obvious benefit is where I lose interest.
Presumably in the future that won't be the case.