bitcoin is not indestructible. It’s been ‘lost”, and never to be found again.
That’s the downside that many are trying to solve the problem of lost or forgotten keys to the BTC.
I think the BTC channel for transactions is what the disruptive force is. The ability to instantaneously transfer monies in a second between continents in any denomination and currency is the key.
The way that I see this going is that in order to not “forget” your password a chip will be either embedded or a DNA identifier chip will link your BTC to you. In that manner, all transactions will be recorded, no taxes avoided and the “money” is “safe”.
“The way that I see this going is that in order to not “forget” your password a chip will be either embedded or a DNA identifier chip will link your BTC to you.”
How about a nice tattoo? 666 may be a good way to do it. The chip idea is also cool. Nothing could go wrong there.
/sarc.