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> If authoritarian governments want to take away cash If an authoritarian government is taking away cash they've already passed the step at which making/import
by arlort 4y ago
> If authoritarian governments want to take away cash
If an authoritarian government is taking away cash they've already passed the step at which making/importing this kind of object is illegal
And if you can import this kind of privately minted note then you can also import foreign cash whose value people can trust without having to destroy it and for which they don't have to remember a password (for each note I imagine, it's not clear from the website how any part of it works)
There are use cases for these kind of tokens but I can't find one which is efficiently solving a problem not uniquely tailored to rich free countries
Just in case, by tokens I am (in this comment) just referring to the notes, not the concept of bitcoin in general