Loading ...You wrote:
“You put in some data, the computer does what computers do, and you get a result.
But the bank statement is useful; the bitcoin result is not and never will be.
Imagine waking up one morning having a safe full of tulip bulbs or a safe full of bank statements.
I am an ex-programmer.”
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Rich, with all due respect… as an ex-programmer you should investigate the structure of bitcoin before making statements like this. The bitcoin ‘as mined’ has digital value as a crypto solution. All bitcoins are used as a ‘ledger’ of transactions, and they are all encrypted into a ‘blockchain’ that all nodes process and re-Verify. The bitcoin blockchain IS… literally… an encrypted safe full of bank statements! The banking system itself is now looking at and adapting this digital technology for ‘in house’ banking and interbank settlements.