Quote from: username18333 on April 29, 2015, 02:08:40 AM

Quote from: TPTB_need_war on April 29, 2015, 02:01:57 AM

How does anonymity help scaling of distribution?

Imagine Jane pays John for walking her dogs in fiat currency. Stewart could pay John, a GEC holder, new GEC to translate the fiat exchange into a GEC one. When John spends the fiat currency he acquired from Jane, he could then spend the GEC he acquired from Stewart in an unspendable transaction - removing it from his economy.

You write in a way that is cryptic and virtually no one will understand. I happen to understand what you mean because I invented this concept last year way before GEC did. Refer to AnonyMint's post about physical Bitcoins.

So what I assume you are proposing is that some coins become unspendable on the blockchain, thus they can instead be traded as cash physically. Stewart takes fiat in exchange for coins that John can prove he owns by signing but which can't be spent on the blockchain after he signs them to Jane.

The problem is that Jane can no longer spend the coins. So what can she do with them? She could mint a physical representation and trade that, but there is no authority to warrant against counterfeiting and debasing the physical money supply.

Sorry that doesn't work. I abandoned the concept.