In an ideal economy, purchases are done face to face. The time of settlement is the time of payment, the two aren’t separated by days or weeks. It also encourages an economy to build in redundancy: if Amazon’s warehouse burns down, half the continent might be without stuff for a while. There is no way to burn down five hundred stores coast to coast though. And 500 stores coast to coast provide more jobs than a single multinational corp’s warehouse does.
Consider that in Japan, they all still use fax machines. Just because something uses more technology doesn’t make it better. We passed the peak long ago, and now we’re in techno hell, not techno paradise. Crypto promises more such hell, but I want to return to the “golden age.”
Where in the white paper are these problems solved:
there’s no chips in the world that can be trusted
there’s no miner in the world that can be trusted
there’s no OS in the world that can be trusted
there’s no software in the world that can be trusted, including Satoshi Nakamoto’s software
there’s no encryption protocol in the world that can be trusted
Seems like there is a great profit opportunity for you then, if thats the case.
In silver, agreed.
Good luck paying for anything with it online :)
Online shopping is a symptom of our sick economy.
In an ideal economy, purchases are done face to face. The time of settlement is the time of payment, the two aren’t separated by days or weeks. It also encourages an economy to build in redundancy: if Amazon’s warehouse burns down, half the continent might be without stuff for a while. There is no way to burn down five hundred stores coast to coast though. And 500 stores coast to coast provide more jobs than a single multinational corp’s warehouse does.
Consider that in Japan, they all still use fax machines. Just because something uses more technology doesn’t make it better. We passed the peak long ago, and now we’re in techno hell, not techno paradise. Crypto promises more such hell, but I want to return to the “golden age.”