How to become an instant trillionaire!

1. Work for any bank (or hack into the database).
2. Change the amount in your account to $1 trillion.
3. Buy off anyone who asks questions.

Everyone has a buy-off point, and people can be threatened:   "Here's $50 million.  Keep quiet.  If you say a word, I'll have Bruno kill you and your family."


Due to the above scenario, I highly suggest a public standard.

Texas gold bullion...

Would it be possible to create a gold-backed DIGITAL currency where the State of Texas would only own the DIGITAL, but the digital coins would be directly exchangeable for physical gold?

No storage costs or fees.
No possibility of theft.
Full audit trail.
Distributed vault.

Gold WITHIN Texas (at local shops) would have to maintain at least the total amount of digital coinage.  That could be done through legislation, or perhaps market forces?

Possibly 10% of the billion could be purchased in physical gold with a public vault on the UT Austin campus. Stealing $100 million in gold from the center of UT with overhead planes and security cameras and 50,000 students is kind of difficult.  $20,000 each?  Not enough to buy them off.

https://bitcoinmagazine.com/21283/texas-bullion-depository-challenges-federal-reserve-system/

Banks are databases & money is an entry in a ledger

Everyone has a buy-off point.


So, there is no more mystery about the concept of money or what it is:  it is simply accounting fraud today.