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August 29, 2017, 04:33:46 PM |
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Wait- so you're saying its like a ledger so to speak..,and these "coin" will be tallied on that ledger in a format that is open and accessible to anyone who cares to check. So instead of some third party verifying and controlling our resources we can share them peer-to-peer using the ledger in place of the bank.
So it's lacking a centralized authority, its decentralized! And you make this system of currency all the more secure by using cryptography- if I have that right? Its like a cryptocurrency lol...ridiculous name won't ever catch on...but this cryptographic currency on this decentralized peer to peer network, I wonder how you'll verify transactions and where the value really comes into it...is it valuable? would people work to get it?
If there were some system that showed proof of people working to get this currency- this "proof of work" might show that people in the "know" on cryptographics and currencies saw enough potential in your idea that they were willing to invest time and effort in procuring this enigma-money of yours. And then there's the whole question of who's going to check the transactions anyway to make sure they are correct.....wait a minute...
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