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Kong seems worthless to me. ETH has demonstrated it's not a reliable store of value, if the DAO hack can just be reversed. Instead of garbage paper tokens, her

Kong seems worthless to me. ETH has demonstrated it's not a reliable store of value, if the DAO hack can just be reversed. Instead of garbage paper tokens, here's a thing that already exists: ... can be used just like cash ... isn't limited to a particular denomination ... value can be added at any time ... fits in your butt https://opendime.com/ https://opendime.com/

taywrobel 7y ago
Can be used just like cash? Apart from the needing to wait for up to an hour to get confirmation of payment. And having fees on every single purchase. Bitcoin is not currency. You even said it in your critique of ETH- “it's not a reliable store of value” Currency is NOT intended to store value. It’s intended to facilitate the transfer of value. In that regard, etherium and bitcoin fail equally.
- tossAfterUsing 7y ago
  look, you clearly haven't a clue what you're talking about. you may very well disagree with me, and that's your prerogative. cash has been variously shells, giant stones, glass beads, shiny metal, complicated paper, etc... fundamental to the hand-to-hand nature of this Kong nonsense, is the feasibility to be transferred offline. whatever Kong is, it's primary function will be a way to rip people off. and taywrobel: as a side note, i realize my statement may appear unbelievably ironic to you. just know that's your problem and not mine.
  - taywrobel 7y ago
    Out of curiosity, how much of your background is in economics?
ududhdhd 7y ago
That thing obviously cannot be used just like cash. Jesus how fucking dumb are you people
- thanatos_dem 7y ago
  I downvoted you for this despite agreeing with you. Since you have a brand new username, I’m going to give you the benefit of the doubt and assume that you’re just new here and not intentionally trolling, and explain why. This community values neutral statements of fact, not vulgarities or arguments of passion. As such, while your opinion may have merit, your presentation of it is unlikely to get you far here. Hope that helps you thrive in this community going forward. - than
- tossAfterUsing 7y ago
  we people are incredibly dumb. stick to your fiat bro, that's going to be the best store of whatever type of value you're creating.

taywrobel 7y ago

Can be used just like cash? Apart from the needing to wait for up to an hour to get confirmation of payment. And having fees on every single purchase. Bitcoin is not currency. You even said it in your critique of ETH- “it's not a reliable store of value” Currency is NOT intended to store value. It’s intended to facilitate the transfer of value. In that regard, etherium and bitcoin fail equally.

tossAfterUsing 7y ago
look, you clearly haven't a clue what you're talking about. you may very well disagree with me, and that's your prerogative. cash has been variously shells, giant stones, glass beads, shiny metal, complicated paper, etc... fundamental to the hand-to-hand nature of this Kong nonsense, is the feasibility to be transferred offline. whatever Kong is, it's primary function will be a way to rip people off. and taywrobel: as a side note, i realize my statement may appear unbelievably ironic to you. just know that's your problem and not mine.
- taywrobel 7y ago
  Out of curiosity, how much of your background is in economics?

ududhdhd 7y ago

That thing obviously cannot be used just like cash. Jesus how fucking dumb are you people

thanatos_dem 7y ago
I downvoted you for this despite agreeing with you. Since you have a brand new username, I’m going to give you the benefit of the doubt and assume that you’re just new here and not intentionally trolling, and explain why. This community values neutral statements of fact, not vulgarities or arguments of passion. As such, while your opinion may have merit, your presentation of it is unlikely to get you far here. Hope that helps you thrive in this community going forward. - than
tossAfterUsing 7y ago
we people are incredibly dumb. stick to your fiat bro, that's going to be the best store of whatever type of value you're creating.