You are starting a thread on fundamentals in the psychology of wealth-building. Gold is important as BTC is important because man has fear. Fears are subsided with a form of security.
To add to that, man holds a cash balance to prepare for uncertainty.
Have you tried carrying a full scale desktop to your local store, set it down, plug it in, connecting the cables, synchronize the node. It is a real hassle, BCH IOUs (Tabs) way easier.
I keep an all-in-one rigged to a car battery strapped on my back whenever I leave the house. A real man uses nothing less than a full node.
The reason banks could issue so much debt with fiat, gold, silver, salt, seashells is because paper IOUs are easier to use. BCH IOUs are not easier to use than BCH.
I tried explaining this to him earlier, but maybe you'll get through to him.
How would one go about implementing cryptocurrency functionality (such as using BCH to trade in-game items) through game engines such as Unity? Any guides?
Isn't Roger Ver working on a free city? think last I heard he was trying to purchase land from a country
Yep, at https://www.freesociety.com/. They're trying to purchase sovereign land from different governments. Reportedly, it's going well, but their lawyers won't give specifics.
Not sure what Norway does. just commenting there is a free city effort happening there.
Awesome to hear about these different Liberty-oriented projects around the world. I think they'll really gain headway once the Nordic model proves to be inefficient over time.
Think a loan, a promise to pay BTC in this amount of time. Its not money, but it is DEBT. They did not print anything but created 1 BTC worth of debt through the loan.
Whoever purchases the debt (you're referring to trading debt) assume the risk of the loan defaulting. You couldn't use these contracts to purchase goods. Only to cash in on the debtor.
No, the bank would collect Charlie and Bob Houses from the default on the 1 BTC. They didn't print money, they created Debt money contracts. They did this with Gold for centurys.
Debt money contracts are bank notes. Good luck getting someone to accept a Bitcoin bank note, when it offers no more convenience over using BTC. People wouldn't trust it.