It solves a problem very well, many would say a little too well. What happens is that once this problem is solved a little too well in that it does the following:
1. Provides no way of reversing transactions.
2. Has a large enough mass that the currency is trusted.
3. Has a large enough mass that non-nerds can easily use the system.
The feds come in and want to shut it down because it provides a great avenue for the criminal element and con-artists. eGold is the prime example of this.
1. Provides no way of reversing transactions.
2. Has a large enough mass that the currency is trusted.
3. Has a large enough mass that non-nerds can easily use the system.
The feds come in and want to shut it down because it provides a great avenue for the criminal element and con-artists. eGold is the prime example of this.