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<p>[QUOTE=&quot;ewomack, post: 24644167, member: 15588&quot;]If done correctly, digital currency has a chance of providing <i>more</i> security than paper. Some of this is admittedly speculation, but digital currency (including bank account money) likely exists in a database somewhere with a link to a table that connects that money directly to your account with an amount, a timestamp, last changed date, etc.</p><p><br /></p><p>If someone runs a script, or tries to mess with that database, to try and steal that money, a well designed database (again, <i>assumption</i>) should have logs set up, or at least history files, that show when the event happened, potentially which logged in account did it, and the date and time of the transaction. Given these logs, your money has a high chance of getting traced right back to you and returned.</p><p><br /></p><p>This is similar to why you have a chance of getting your money back when disputing fraudulent credit card transactions (I&#039;ve never had a dispute denied, though I haven&#039;t had many). Paper money has tangibility, but zero traceability. If someone steals it or destroys it, it&#039;s gone forever. Even if you recorded the serial numbers for all of the bills you possessed, you would have a hard time proving that you actually owned them. So, on the bright side of digital currency, if done correctly, it could provide a fair amount of solid security.</p><p><br /></p><p>The problem is if the power goes out...</p><p><br /></p><p>Neither approach is perfect.</p><p><br /></p><p>With digital currency, banks could theoretically shut down your access. With paper money, the government could theoretically demonetize it or take away its legal tender status. Neither approach seems overwhelmingly safer than the other. Nonetheless, I think the world will go digital unless we experience a major energy crisis. Which, at this time, does seem to have a greater than 0% probability.[/QUOTE]</p><p><br /></p>

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