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Build the following and I will use it. - value pegged to some existing currency - unforgeable and easily verifiable, preferably offline - non-traceable,
by danbruc 4y ago
Build the following and I will use it.
- value pegged to some existing currency
- unforgeable and easily verifiable, preferably offline
- non-traceable, just like coins or banknotes without a serial number
- usable offline and without third parties, just like handing over physical money
- LearnProg17 4y agoNon-traceablity defeats the purpose of a currency. Might as well trade in gold. For most transactions, physical money isn't really needed nor convenient.
- danbruc 4y agoWhy does non-traceablity defeat the purpose of a currency? While physical money - besides the coins - is tracable in theory, this seems to be only used to limited extend. Nowadays it would not be to hard to do automatically but it would have been impractical to do at scale a few decades back. And even today you could not obtain a trace without gaps even if you wanted to.