It is a currency. You can trade it for goods or services. The idea of moving it into a national currency is what we do now because we are in the early stages. I see a future where you just pay in coin.
It's a currency that can't buy much of anything, so it's close to useless as far as paying for the needs of a typical person. You can speculate about the future of crpyotcurrencies all you like, but the future you imagine is not inevitable and certainly not the reality of today or the foreseeable future.
Beyond that, if we're speculating, a world where all transactions live on a blockchain is an ideal one for a government bent on tyrannical control of the economy. It is likely that governments of the future will have advanced methods of associating wallet activity with real-life activity, especially for citizens who intend to interact with the larger law-abiding economy (if you ask me, blockchain money is the ideal currency for a tyrant). Of course, you can just continue to speculate about future crpytocurrencies that will solve all these issues and that is the reason why this type of speculation gets us nowhere.
So the only option is to arrange an in-person meetup with a random stranger from the internet so that they can gouge me with a gigantic markup or just rob me. This sounds terrible even if I have no beef with the government, but totally absurd if I am actually trying to hide money from authorities; for all I know, the person I meet up with is a federal agent or works with them.
ransom1538|8 years ago
vectorpush|8 years ago
Beyond that, if we're speculating, a world where all transactions live on a blockchain is an ideal one for a government bent on tyrannical control of the economy. It is likely that governments of the future will have advanced methods of associating wallet activity with real-life activity, especially for citizens who intend to interact with the larger law-abiding economy (if you ask me, blockchain money is the ideal currency for a tyrant). Of course, you can just continue to speculate about future crpytocurrencies that will solve all these issues and that is the reason why this type of speculation gets us nowhere.
realworldview|8 years ago
Better yet, I'll get you a printer and you can print me some transferable bills.
menzoic|8 years ago
imaginenore|8 years ago
LocalEthereum.com is being developed too.
vectorpush|8 years ago
calafrax|8 years ago
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