1,000 karma · joined July 23, 2018
Like the ruble? Anyway, are you aware of stablecoins?
Am I meant to believe that the average human currently alive values an intergalactic future at thousands of times the value derived from their own existence? For the vast majority of people, that factor is probably in the ones and twos at most. I can think of many people I know personally for whom that factor is marginally negative.
Since zero-knowledge cryptography is used to ensure the generated note cannot be linked to the depositing transaction, it can be used to send money to yourself or another person without revealing the identity of the sender. There are criminal and non-criminal reasons to do this.
Because it is a smart contract system, you do not have to trust a person or organization with the money. You do have to trust the smart contracts defining the system are correct. The smart contracts are publicly available to read and have been reviewed by many people, including software audit organizations.
Unironically, yes.