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by ChuckMcM 4573 days ago
This is true, the idea of having a reliably secure digital token that you can pass around without reversibility or double spending is huge. But unforgeable tokens don't make a new economy, it just enables economic activity without the participation of licensed institutions (aka 'underground' or 'black' markets) across distance, and that is pretty cool. It replaces 'wiring' money and sidesteps currency conversion issues. In that regard BitCoin is revolutionary.