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What does a "cryptography currency" bring to the table in regards to this problem that cash hasn't? The fact that it hasn't been banned... yet? Cash is way les

What does a "cryptography currency" bring to the table in regards to this problem that cash hasn't? The fact that it hasn't been banned... yet? Cash is way less traceable than most cryptocurrencies.

redox99 4y ago
Of course cash is better, but with cash the government is in charge of issuance. What are you going to do if governments decide against issuing any more cash? Bills will eventually break, or the currency itself will lose too much value due to inflation that the bills won't enough. With crypto you don't rely on your government issuing cash.
- t-3 4y ago
  If governments ban cash, it's back to barter. Drugs/alcohol/cigarettes, weapons, food, gas, gold and silver...
  - js4ever 4y ago
    Nop because the authorities will consider the value of your barter (equivalent in cash of your good, gold, silver, gas, ...)
    - t-3 4y ago
      How will they track it? They can only know what people report, which is why they have hardons for digital currency.
- tphyahoo2 4y ago
  Anyone can issue (paper) cash. Cash is just a paper IOU for some other thing. With 100 dollar bill, that thing is 100 USD. You could also issue paper for gold backed IOU, or gold itself, or bitcoin. https://en.wikipedia.org/wiki/Wildcat_banking https://en.wikipedia.org/wiki/Wildcat_banking Counterfeiting paper is a problem, so you need force against this, and this is why the government is generally involved. But what kind of paper counterfeiting is enforced against, is just a legality. Currently the wost thing to counterfeit is 100 dollar bills. Law could be changed to make it equally bad to counterfeit gold bills, or bitcoin bills. Saying bitcoin is less private than cash is a category error.
  - redox99 4y ago
    It would be extremely hard to issue cash as non government assuming the government doesn't want cash to exist, it would basically require a centralized entity that could be trivially shut down by the government.
    - tphyahoo2 4y ago
      I agree, and this is a reason I am glad bitcoin exists. My point is that there is nothing stopping bitcoin from being used in a paper cash like way, any more than any other value carrying token. Bitcoin without government support? Possible, but inconvenient and dangerous. Bitcoin with government support? More nice things. Currently we are in the "with government support" world, more or less. I hope this continues.
      - redox99 4y ago
        I'm more of an Ethereum/PoS guy but what is for sure a fact, now that we're talking of decentralized issuance, is that you need PoW, at least for bootstrapping a cryptocurrency that has an even remotely fair distribution of tokens (instead of almost all being in the hands of the people that were there from the beginning). Even then, almost all PoW are tuned in a way to pump the value and enrich the early people, not fairly distribute tokens or make the crypto functional as a currency.
tphyahoo2 4y ago
see my reply to redox99 below. probably would have been better as reply to you.
- alfiedotwtf 4y ago
  > Counterfeiting paper is a problem Again: It's almost like we need some kind of cryptography currency

What does a "cryptography currency" bring to the table in regards to this problem that cash hasn't? The fact that it hasn't been banned... yet? Cash is way less traceable than most cryptocurrencies.

redox99 4y ago

Of course cash is better, but with cash the government is in charge of issuance. What are you going to do if governments decide against issuing any more cash? Bills will eventually break, or the currency itself will lose too much value due to inflation that the bills won't enough. With crypto you don't rely on your government issuing cash.

t-3 4y ago
If governments ban cash, it's back to barter. Drugs/alcohol/cigarettes, weapons, food, gas, gold and silver...
- js4ever 4y ago
  Nop because the authorities will consider the value of your barter (equivalent in cash of your good, gold, silver, gas, ...)
  - t-3 4y ago
    How will they track it? They can only know what people report, which is why they have hardons for digital currency.
tphyahoo2 4y ago
Anyone can issue (paper) cash. Cash is just a paper IOU for some other thing. With 100 dollar bill, that thing is 100 USD. You could also issue paper for gold backed IOU, or gold itself, or bitcoin. https://en.wikipedia.org/wiki/Wildcat_banking https://en.wikipedia.org/wiki/Wildcat_banking Counterfeiting paper is a problem, so you need force against this, and this is why the government is generally involved. But what kind of paper counterfeiting is enforced against, is just a legality. Currently the wost thing to counterfeit is 100 dollar bills. Law could be changed to make it equally bad to counterfeit gold bills, or bitcoin bills. Saying bitcoin is less private than cash is a category error.
- redox99 4y ago
  It would be extremely hard to issue cash as non government assuming the government doesn't want cash to exist, it would basically require a centralized entity that could be trivially shut down by the government.
  - tphyahoo2 4y ago
    I agree, and this is a reason I am glad bitcoin exists. My point is that there is nothing stopping bitcoin from being used in a paper cash like way, any more than any other value carrying token. Bitcoin without government support? Possible, but inconvenient and dangerous. Bitcoin with government support? More nice things. Currently we are in the "with government support" world, more or less. I hope this continues.
    - redox99 4y ago
      I'm more of an Ethereum/PoS guy but what is for sure a fact, now that we're talking of decentralized issuance, is that you need PoW, at least for bootstrapping a cryptocurrency that has an even remotely fair distribution of tokens (instead of almost all being in the hands of the people that were there from the beginning). Even then, almost all PoW are tuned in a way to pump the value and enrich the early people, not fairly distribute tokens or make the crypto functional as a currency.

tphyahoo2 4y ago

see my reply to redox99 below. probably would have been better as reply to you.

alfiedotwtf 4y ago
> Counterfeiting paper is a problem Again: It's almost like we need some kind of cryptography currency