Would you?

Out of context: Reply #6

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  • HijoDMaite0

    @yuekit

    so wouldn't a chip or tattoo be considered the hardware that would need to be loaded with software?

    how could a different country I.D. you from fingerprint if you are not in their database?

    HijoDMaite 0Permalink
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    • Well the whole idea of Bitcoin and other cryptocurrency is that it doesn't need a traditional database. Authentication happens using a decentralized network.yuekit
    • The transactions then all get written into the blockchain, which everyone downloads. So it's a bit like torrents in that respect.yuekit
    • I travel a lot and more than a couple times lost one of my cards. Was thinking would be nice if Bitcoin become more mainstream so I could just pay with my phoneyuekit
    • and not worry about payments being tied to a piece of plastic...or even exchanging foreign currency for that matter :)yuekit
    • I was listening to an interview, pot shops in WA and OR are using bitcoin for transactions to get around the banking restrictions.HijoDMaite
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