Comment what a great idea! (Score 5, Insightful) 121
I just had this great idea for a fabulous new technology! I'm calling it CASH. Here are some of its features:
Transactions are unhackable. No need to worry about who stole your credit card info every time a retailer suffers a security breach.
Transactions not stored in any bank's database forever, to be sold to unknown third parties at any time in the future, for any purpose.
No middleman taking a percentage of every transaction, cleverly hidden from the consumer, generating a 2% drain on the economy.
Does not rely on any network or other technology - works even when the internet goes down.
Always know exactly how much money you have and how much you are spending, and never be in debt.
Fast as pulling a bill out of your wallet. Never wait for an overloaded network.
And, obviously, cash is private and anonymous. Your transactions are nobody's business but yours and your counterparty's.
I'm looking for seed funding for this idea. Please send me cash.