I know the part about the government will be unpopular in some circles, but
Imo it’s the government’s job to facilitate trade and provide currency. Nowadays, digital trade is the norm, so the government needs to facilitate a digital currency that is functionally identical to cash. No fees (neither transaction nor accounting), no tracking, no restrictions on how to use it. Ideally, it works offline.
I’m eagerly awaiting what becomes of the digital Euro wallet.
Any transaction is a request from one to another entity, with some authority registering the exchange of funds. Even bitcoin works like this, where the authority is the consensus of the network, instead of a bank.
Any system without some central authority seems impossible to keep safe from fraud to me. But while I’m skeptical, I’d love to be proven wrong here.
I know the part about the government will be unpopular in some circles, but
Imo it’s the government’s job to facilitate trade and provide currency. Nowadays, digital trade is the norm, so the government needs to facilitate a digital currency that is functionally identical to cash. No fees (neither transaction nor accounting), no tracking, no restrictions on how to use it. Ideally, it works offline.
I’m eagerly awaiting what becomes of the digital Euro wallet.
“No tracking” is the one we’re least likely to get, since the.Christians want to.be a me to control what you spend it on
How would untrackable digital currency even work?
Any transaction is a request from one to another entity, with some authority registering the exchange of funds. Even bitcoin works like this, where the authority is the consensus of the network, instead of a bank.
Any system without some central authority seems impossible to keep safe from fraud to me. But while I’m skeptical, I’d love to be proven wrong here.
https://www.getmonero.org/