Is it possible to make a QR based printout like Paper FIAT to carry around Satoshis
-
Scan A QR on top a sealed plastic envelope to verify the number of satoshi within the sealed envelope - For example if the QR scan shows 100 Satoshi - it means 98 Satoshi is there within the envelope ( 2% for the issuer to cover the risks of Issue ) - The envelope is circulated at a value of 100 Satoshi
-
The scan should ensure the reserve of 98 satoshi within the envelope at any point in time
-
Everyone receiving the QR cash may or may not ensure that the cash is within using the QR scan - The merchant or the buyer both can scan and see the satoshi inside at any point in time
-
The sealed plastic envelope is issued by a reputed satoshi issuer and the satoshi within the sealed envelope is guaranteed by the issuer of the envelope
-
If the seal is broken open then inside there is the secret key for retrieving the satoshi within
-
an unsealed envelope is not valid
-
The envelope can be returned to the issuer and issuer will redeem 100 Satoshi if on return the QR scan shows the satoshi within
-
There is an expiry for the QR cash for a period of 3 years within which the QR cash has to come back to the issuer and the issuer can extend the expiry for another 3 years
-
This is a rough idea - may require improvement and discussion on this idea
-
Same idea can easily find takers among merchants if there is a QR Cash system for AMPL SPOT in parallel . So beleivers in FIAT can adopt ample spot ( https://spot.cash)
-
For those who have no idea what ample spot it is a flat coin with value equal to inflation adjusted value of 2019 USD ~ 1.15 USD as on today - So better than a stable coin like USDT - Spot is a derivative of AMPL - https://www.ampleforth.org
-
Offline traders may trade and exchange between QR cash of AMPL spot and QR Satoshi
More details
https://bit.ly/dollarhyperinflation