Friday, December 16, 2016

P Buntinx, think this through

Buntix makes he usual mistake, thinking that silicon cash always means government snooping

Top 3 Reasons Why Going Cashless Will Not Benefit Consumers
#1 CENTRALIZATION BY EMPOWERING BANKS EVEN MORE
 
#2 A SEVERE LACK OF PRIVACY 
#3 NO PEER-TO-PEER ASPECT


Let's go through the list.

1) No central banks involved at all, we do not even need the Bitcoin miners network.  We can completely implement cash without involving government or central banking at all .
2) Silicon cash is completely anonymous, a person can go through if spending freely without ever revealing an identity.  Crypto keys make this possible.
3) Everything is peer to peer. Silicon secure smart cards can exchange directly with each other, unobserved. 

All this is possible with Silicon cash.  And, all it takes for this to happen is for someone like Jeff Bozo to ask, what's the problem?  Jeff is not as delusional as the flying car guys from Google,.

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