one big problem i have with digital, is when the system goes down i can still use cash
I dont think we will be replacing cash anytime soon. The coming digital currencies based on Genius Act will replace the 97% digital stuff thats already there, but with accountability.
another problem i have with digital is that anyone of them can wipe your account out and you are done.
Not with Zero Knowledge proofs - all your data is only on your device. There is no central server. You make sure you back up your data on multiple drives etc.
And with decentralized systems like blockchains, the data is everywhere - on all user devices - and hence cannot be "wiped out"
The new system will be a commbination of next gen blockchains + zero proofs.
I dont think we will be replacing cash anytime soon. The coming digital currencies based on Genius Act will replace the 97% digital stuff thats already there, but with accountability.
Not with Zero Knowledge proofs - all your data is only on your device. There is no central server. You make sure you back up your data on multiple drives etc.
And with decentralized systems like blockchains, the data is everywhere - on all user devices - and hence cannot be "wiped out"
The new system will be a commbination of next gen blockchains + zero proofs.
Don't trust me fren, esp since we are headed into a "trustless" system!