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by Termitiono
1476 days ago
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I'm not sure if your first point is a necessity for other perhaps good ideas. They will either not make those notes or only do one batch due to it just being a novelty in it's current state. For me it feels like 'blind entrepreneur + we want to ship + we need to ship for more funding'. I would even like to support weird ideas if it wouldn't promote Bitcoin usage :-( I think your second point is more interesting: why do you think this digital to analog transition will be a thing? Even in Zimbabwe they already have 50% smartphones and those are only getting cheaper and cheaper and will continue to flood the market. My future imagines a smartphone only world for everything. From money, to house and car key. Germany now allows your passport or driver license on your phone. I think it will be much more interesting how we can make smartphone theft obsolete and phone recovery easy. Like how do I regain my phone's state when I loose it while traveling. |
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It's not digital to analogue so much as changing forms of digital technology. Digital technology can exist in many different ways. For example bus tickets in Budapest used a matrix of holes punched out of paper a grid because a brilliant Hungarian mathematician worked out a way to make digital combinations in rows and columns allow multiple journeys but allow an inspector to see if the passenger had punched their ticket by adding the holes in some row and column. Like a primitive QR code that's a digital technology.
A single function "digital banknote" that uses practically zero-cost static patterning would hopefully operate much like a paper note, with added anti-counterfeit benefits; I could put it in drawer for 10 years, pass it to a friend as a gift, no batteries to charge, no network to go down, no virus or malware to corrupt it, no remote kill-switch built in by MegaGigaCom.