Comments by "Juzu Juzu" (@juzujuzu4555) on "This Remarkable New Technology Will Change Your Life (Really)" video.

Cryptocurrencies wont solve anything. We need method or technology that makes it 100% impossible for one person to create more than one account. Then we could use cryptocurrency that doesn't need mining. It would use the optimal rate of inflation as the number of how much new money it would automatically create, for example 3% in year would make (total amount of money/365*3%) on each account. It would be real democratic currency that doesnt need new power plants each month for new mining hardwares. Also it would take away power from the central bankers, and that is the most important thing for real stable currency, and for stable world in general. Each person could make other accounts, but only use their main account for getting the new currency. Also printing money on common paper would be possible, and instant method of verifying if that money is real / or how long the paper is possible to transfer back to digital money by scanning the codes in it. Also small loans could be given by directing the new incoming money to pay for it, if it's not paid before. Possibilities are endless, and easy to achieve. If just some tech would allow 100% sure method of having just one account per person. This would allow other great improvements also, but democratic money is probably the most important thing in human history.
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joro407 Nothing that has anything from government is solution. They would do anything to prevent this from getting anywhere. And it wouldnt be foolproof. Because free money would be created to every account, finding hack to make accounts would be like having the right to tap in whatever amount you want for yourself. It would have to be system that is not dependable from any organization and that is mathematically proven to be so secure, that any method of hacking would use much more electricity than is possible to gain from successful hacking. Even if we could get DNA as key, we would have to have methods of verifying that it really is unique DNA from human, and not machine made new DNA. But this part is possible, and it would be easy to make better as the system would get more popular. It would be great if it could be proven that each human has different patterns in brainwaves. Then it would be easy to make some USB brain reader that could be used. Its already available, cheap and pretty impossible to stole. But we would need some mathematical proving cos if the system is not 100% accurate, it would be the same as total destruction of the system and all the created money in it. And the risk for this to happen has to be PRETTY low before it could spread and become the standard currency.
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