The guy or girl who came up with the Idea is an absolute genius! He or she also has to be an Austrian School thinker...
look some more.
But I agree. That it is a pretty cool idea. I'm not throwing myself into Bitcoin at present though. I looked into it too. Its good until some jackalope breaks that encryption. Also mining for bitcoins is not very lucrative unless you have some serious equipment or just lots of downtime to invest into the process.
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