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RE: Bitcoin Banknotes Are Out: What Do You Think?
Kinda think those holding the BTC offline would be on the hook for the "transaction fees." Which would be deflationary! After all PoW is still the BEST form of running an efficient digital/paper (in this case) system! ;) Someone is going to have to log and secure those transactions. Unless......BTC smart contracts?!?!?!?
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Which part are you struggling with?