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    Author Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦  (Read 920292 times)
    Khaoimon
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    February 02, 2014, 01:20:06 PM
    Last edit: February 02, 2014, 01:40:32 PM by Khaoimon
     #1041


     many people do not want transactions with known retailers on their records.


    http://www.nytimes.com/2014/02/02/technology/when-no-one-is-just-a-face-in-the-crowd.html?_r=0

    We are all going to be Very Important People soon!
    This is the beauty of crypto.  A face walking into a retailer on a traffic cam is proof that I went there.  But when you can link my bank account to thousands of dollars in purchases with a picture of me walking in, I could be in trouble if my government changes their stance--if all you have is me browsing a store, I'm somewhat fine.  While I don't think that will happen outright, lots and lots of people are going to want as much anonymity as possible.  This coin and bitcoin have huge potential in the next 50 years of our lives.  If you've spent a couple+ decades alive you've seen the evolution of technology.  Imagine the future.  We aren't talking flying cars, but we are talking HUGE technological changes to our daily lives.  Crypto is here to stay, in some evolved form, in my humble opinion--whether it is to fight for our rights against that technology or embrace it.  

    If you consider regular credit card companies, the idea of a crypto network that is decentralized (even if controlled by them) provides a huge advancement in security.  Imagine visa processing transactions via crypto, with miners getting a percentage of their fee(or their own giant asic network Sad).  Private keys protecting customers rather than a string of 16 digits anyone swiping your card at a retailer can steal.  It would decrease their bottom line by reducing chargebacks, fraud, theft, etc.  The possibilities are huge for us or 'them'.
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