Quote from: idoadler on July 19, 2018, 09:28:45 AM

In order to retire credit cards and cash, remove banks from the equation and move completely to cryptocurrency we need to address several key topics.

1. Centralized cryptocoin management, not this >50% crap
2. Allow blockchain to not only be secured and provide disaster recovery and high availability but also be scalable, fast and allow for selected load balancing
3. to stop volatility to attached the currency at least until common and distribution to billion users to common "rea and stablel" currency value
4. remove the concept of exchanges from crypto currency completely and maintain transaction cost to 0 or very close to it (fixed 1 cent for any transaction size sounds good)
5. Issue annual fixed number of currencies per period, depending on macro economics analysis and expected market share
6. retire switt, ACH and any other legacy system rather than find ways to connect to them
7. abolish bank fees and banks overall, we can use central banks to reduce interest rate and change the risk evaluation process, allow integration to accelerate loan decisions to seconds rather than weeks, including home loans,
8. go after insurance next, machine learning and AI will make more informed decisions, based on AI and Machine Learning, centralized management will provide KYC and other critical data to the appropriate governing or compliance bodies

who is with me?

1. The whole point of decentralisation is that it's decentralised
2. With a decentralised system you have to be very careful with your private keys. I'm assuming this is what you mean by disaster recovery and losing access to your funds. Also, scalability is being working on by most projects, speed too.
3. Any new currency will be unstable and the volatility is a product of market forces you have no control of
4. I see a few issues here. Exchanges facilitate entry for newbies (myself included). The emission curves of certain currencies means that the more BTC there is for example, the fewer miner rewards that are received. If you were to lower fees you would lessen the incentive for miners. Also - kinda related, an NFT collectible site called opensea has just introduced feeless transaction for sellers when they add things to auction. Essentially, they pay no gas via smart contract interaction for adding an item onto an auction website. I think we're getting somewhere here..
5. Not sure i understand this - could you clarify. A fixed number of BTC for example is issued each year every time a block is found
6. Don't know what they are

7. You can't get rid of fees sorry. BTC transactions go through miners who take a cut. These are fees.
8. I think there are some projects like this but i'm unsure.