Saturday, February 20, 2021

Bitcoin does not withstand MAE (Mass Amnesia Event)

We all know a currency must be able to withstand a Mass Amnesia Event. If everyone in the world forgets their PIN then they just go to the bank for a new one. However if there was only BTC and everyone in the world forgets their wallet key then suddenly all the money in the world would be gone..

This is why BTC cannot be the currency of the future.


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