To: TobagoJack who wrote (183322 ) 1/31/2022 2:52:12 AM From: Maurice Winn 8 RecommendationsRecommended By 3bar arun gera fred woodall Gemlaoshi kingfisher and 3 more members
Read Replies (1) | Respond to of 217638 I seem to be full atavistic reactionary barbarian. I have not taken the Holy Sacrament of Blockchain either [silly me = I could have bought it straight away in 2009 and been an umpty biillionaire then sold it before introducing my system to replace it]. Yet decades and centuries and millennia ago I was full blown, full scale deflection, boundary condition, sacrament consuming Fourier transform fanatic for mobile Cyberspace ethereal digital representation of temporal reality. Which has come to pass, near enough for government work, though 5G 3D gigabit per second retina scan stereophonic sound speed of light latency is still a work in infancy. So I'm not really a Sacrament-defying Luddite. My criticism of bitcoin when it was first announced remains correct and is now widely acknowledged, in part = the energy cost is ridiculous, the waste of space inefficiency of make-work calculation of pointless chain of data is contrary to nature, the huge row of blockchain numbers as identity for wallet = insecure/risky and the latency to move a microdot of money is too expensive and slow. Add to that that the mining is increasingly in fewer nodes = great risk of coordinated government attack to destroy it. But bitcoin did prove one thing that I asserted years before bitcoin existed which was that a digital currency could appear out of thin air and be of $trillions in value. All economists asserted that a money had to first be founded on some temporal reality such as gold, silver, taxation, land, sea shells, eggs, land, or something. I said no. I was right and they were all wrong despite their big fat textbooks and century of "expertise". Now that that is out of the way, it just remains for the right, efficient, secure, fast, universal money system to be invented, My prototype design is nearing completion. The foundations are largely in place = Qualcomm mobile cyberspace, most humans ready to connect and use, chip prices and data costs cheap and fast, identity mechanisms such as fingerprints, iris scans, voice tracking, good old passwords and pins, knowledge questions, facial recognition, third party confirmation, and maybe DNA scans increasingly available. Mqurice