- ultra high transaction scale - millions of txs/sec
- micropayments - payments as low as 1/1000th of a cent
- tiny fees - $0.001 compared to high fee bank created money in the end
- perfect security - no need for banks to check a payment before you can spend it
- pseudonymous - spender remains private, while crime can still be traced and followed by law enforcement. (AML etc)
- 'sauce for the goose' - both crime and the state will be equally publicly visible in fraudulent transactions for all to see
- while leaving private banking with plenty of daily free market business
Imagine how this would flip the present fully monopolised Internet business model(social media, big tech) and those who control it overnight if adopted?
Use your imagination here right now... no longer would a product being free mean *you* ARE the product, along with your guaranteed loss of privacy.
e.g. simple example of which there are many others - each request to a website on your browser would be auto charged from your wallet at say 1/1000th of a cent. Big tech no longer gets paid by advertisers. Content is now content, not adverts. Miners and merchants doing all the work get paid instead - FOR THEIR WORK.
Finally economic justice.
Of course, the crooked state had to crush this opportunity, it's donors would lose everything.
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