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Austrian Crypto-stamps

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Posted 06/12/2019   10:06 pm  Show Profile Check docgfd's eBay Listings Bookmark this topic Add docgfd to your friends list Get a Link to this Message
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Posted 06/12/2019   10:19 pm  Show Profile Bookmark this reply Add rod222 to your friends list  Get a Link to this Reply
Stamp collecting window into the future?
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Posted 06/22/2019   11:37 pm  Show Profile Bookmark this reply Add Coastwatcher to your friends list  Get a Link to this Reply
I'm glad that my collections end at 2000.
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Posted 06/23/2019   04:25 am  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply

...Stamp collecting window into the future?...

The next generation postal system is paperless, it is called email. Instant, low cost, and it already has world-wide acceptance. So I have questions about crypto-postage stamps.

First, what is the problem are these solving? It seems to me that they are a solution looking for a problem. In other words, this is applying a technology developed for another reason(s) to a postal system.

Second, how does this apply to a digital postal system? The existing postal systems are currently transforming to parcel delivery services. The postal systems already have tracking. Crypto-postage could be used for the payment of parcels but how are they any different than simply using a cryptocurrency?

I have little doubt that cryptocurrency will transform the banking industry. Why print paper money and mint coinage when digital currency is faster and cheaper? So cryptocurrency is to banking what email is to postal systems. BitCoin, one of the first cryptocurrencies, will soon become an afterthought as the 'big boys' have now arrived in this sandbox. Facebook as announced Libra in the last few weeks. Google and Amazon are also getting ready to join the party.

So if a person can pay for their parcel delivery service with a universally accepted, world wide digital cryptocurrency there is no additional value added by also then using crypto-postage.

So for me, crypto-postage is inane; the useless application of a payment technology to a parcel delivery system which already has digital tracking. And once the 800 pound gorillas fully enter cryptocurrency, crypto-postage will be nothing more than a trivia question on 2050 Jeopardy.
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