Two things that are extremely worrying about these statements.
Bitcoin is backed by its trust, its security, its transparency, and most importantly, energy.
All of these is what fiat is backed by aside from "energy" are you saying bitcoin can power things? That seems ridiculous. Why would we use a fuel as a currency?
Also
: a secure, trackable, transparent ledger, and a proof of work
This seems like dictator-like control. So what happens if i make a purchase that the government doesnt approve of? Having every transaction be trackable by everyone seems like a major invasion of privacy. The only way i see that being used is in a situation where the person is not able to use funds responsibly and needs oversight. So government officials or the mentally retarded.
Two things that are extremely worrying about these statements.
All of these is what fiat is backed by aside from "energy" are you saying bitcoin can power things? That seems ridiculous. Why would we use a fuel as a currency?
Also
This seems like dictator-like control. So what happens if i make a purchase that the government doesnt approve of? Having every transaction be trackable by everyone seems like a major invasion of privacy. The only way i see that being used is in a situation where the person is not able to use funds responsibly and needs oversight. So government officials or the mentally retarded.