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It is an asset with a fixed issuance and censorship-resistant transactions. Some people don't trust the authorities with the powers of issuance and censorship
by VMG 8y ago
It is an asset with a fixed issuance and censorship-resistant transactions.
Some people don't trust the authorities with the powers of issuance and censorship and find it interesting for those reasons. It is likely that you are not in that category.
- detritus 8y agoPresumptuous. I've long had my own concerns about The System, but I don't think the fix is in a highly volatile and comparatively easy-to-disrupt electronic ledger. Now, Gold OTOH...
- mido22 8y ago"easy-to-disrupt"... no, that's the whole point. Prove me wrong. Yeah, have you ever tried to send .002 gram of gold to anyone recently? Leave your comfortable bubble and look at countries with hyperinflation like Zimbabwe/Argentina, how are they going to use a cash (not dollar) in a trustless fashion?
- detritus 8y agoBut they do use dollar, right - mano a mano? If you think that crypto's hardier than real world fungible assets when the shit hits the fan, I imagine it's not me who is trapped in a 'comfortable bubble' as you so condescendingly put it. Given now infamous recent disclosures about fundamental flaws in our trust in IT at the deepest levels we can imagine, I suspect you vastly overestimate the resilience of digital 'securities'. Never mind power cuts or flat batteries...