At least no transactions fees right and offline for all and if they get lost um....less supply :)
If done right this could be huge. But here the thing it better than fiat it backed by something not backed by the gov but the people the main issue is how are they backing these bitcoin banknotes will real bitcoin and how long will they last and stuff like that. The minor issue is how the material of the banknote is
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Good point of view !
Kinda think those holding the BTC offline would be on the hook for the "transaction fees." Which would be deflationary! After all PoW is still the BEST form of running an efficient digital/paper (in this case) system! ;) Someone is going to have to log and secure those transactions. Unless......BTC smart contracts?!?!?!?
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Which part are you struggling with?
Plus we all know that NFC isn't completely reliable. Someone can bounce against you and steal your money. Well, I don't know enough to judge it, but I like the concept, if not, love it.
I see some issues, but I thought about that "burn" method as well :D