4 ms·
So many requirements for digital cash - You want control to fight fraud/bad actors - You don't want to much control for a single party (incl gov) - It should
by Faark 9y ago
So many requirements for digital cash
- You want control to fight fraud/bad actors
- You don't want to much control for a single party (incl gov)
- It should work without necessary global communications (e.g. post disaster; global consensus like Bitcoin won't help there)
- Users want privacy
- Usual stuff like no double spending
- Transparency would be nice to verify correctness and no abuse by your bank
- Easy to use
We'll have a hard time finding a replacement satisfying them all. I wonder what we'll be willing to give up.