There are some videos on YouTube claiming that Milton Friedman is describing Bitcoin – But they seem to have missed a VITAL point Milton makes which would indicate he is NOT!!!
When he describes “Electronic Cash” – he’s predicting the rise of Blockchain Technology - the ability through the internet, with an economic incentive, to have a purely electronic currency that is maintained through economic incentive.
The point most people FORGET: 100% PRIVACY! TOTAL ANONYMITY!
Milton Friedman describes the ability to have perfect anonymity in the same way that if you take a $20 Bill from your pocket and hand it to someone else… and there is no record where it came from.
With Bitcoin, the Blockchain is Transparent, so that every transaction is possible to be tracked (and many Block Sci companies are already doing this...tracing your Bitcoin transactions).
PIVX has created a Protocol with total Transaction Privacy exactly how Milton Friedman describes: Our unique Zerocoin Protocol – the zPIV Protocol.
It has 8 Different Denominations from (1) to (5000) where each denomination has the equivalent of a Serial Number but they all look the same on the Blockchain – the same as every $5 Dollar Bill looks the same, except for the Serial Number, and each zPIV denomination is only redeemable by the owner of that zPIV.
So in the same way you can take a $5, $10, or $100 Bill which looks like all the others but has a unique serial number, you can mint a 1, 10, 100 zPIV and send it with no record where it came from.
zPIV is exactly the “E-Cash” that Milton Friedman described 18 years ago. It's electronic. It's private. It's PIVX.
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E-Cash = PIVX!!
I wouldn't flat out agree. He does talk about "private e-cash" though which I think privacy is an important factor for PivX in general and zPiv in particular.
Hola señor Zetty!
Hola!!
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zPIV :)
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.youtube.com/watch?v=9Vw2_Onfe6MCrazy how Friedman had the vision of private "e-cash" in '99 when I just bought my very first own 56k dial-up modem sitting at home and annoying my parents by occupying the landline...
Very useful information !
Indeed the future is here with PIVX and zPIV.
PIVX!
The best community... BigFan
ilove pivx
wow
He was defo talking about keeping it purple :)