You see money was one of the first distributed systems, it transcended languages and flags, the protocol was deployed everywhere. But this protocol of value exc

You see money was one of the first distributed systems, it transcended languages and flags, the protocol was deployed everywhere. But this protocol of value exchange always had issues with trust, related to the double spending problem so it always required a third party. Gold is almost perfect because it is rare and recognizeable, but gold can be faked and is too heavy to carry around in large amounts also violence can come from gold and violence is a big no no for the cypherpunks. So for our traditional protocol to work we invented money printers that we trust to print our money (Banks) and monitor it for tax purposes. But now maybe for the first time in the world it is possible to have a P2P system of value exchange, no banks, kings or even governments required, the only requirement is a cpu. The new protocol offers new ways to structure our economy, it makes old ways obsolete but it has its own set of problems. Is the new protocol good or is it bad? I say it is too early to answer this, but I also think crypto-coins should be given a chance, it is good that people are starting to use this protocol it gives us real-life data to compare its pros and cons against our traditional protocol.