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reply to post by Revolution9
I really cannot see why the world would not move to a digital currency, money is #ed it is literally cheap paper.
Paper money sucks...but paper money doesn't become non-existent by electronic failure, either? It's value might....but the physical representation of that value exists with or without electricity. It's still there in a safe deposit box from 100 years ago ..or 100 years from now..no matter what has happened before or since in the world. Money parked is money sitting dormant. Digital currency becomes ..."You had what?" if the digital world should falter.
A paper wallet is a mechanism for storing bitcoins offline as a physical document that can be secured like cash or anything else of real-world value. Paper wallets are generally created by printing a brand new public address and private key onto paper, and then sending bitcoins from a "live" wallet to the printed wallet's public address for safekeeping. If good security practices are followed, paper wallets are one of the safest ways to to store a virtually unlimited number of Bitcoins.