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you can’t use a beanie baby or baseball card as a permissionless, decentralised, censorship resistant global remittance tool. That said, BTC lacking the fungib
by john_alan 5y ago
you can’t use a beanie baby or baseball card as a permissionless, decentralised, censorship resistant global remittance tool.
That said, BTC lacking the fungible property of sound money is a glaring issue.
Though a money system like Monero may end up becoming very important global money for the internet age.
I think the author is shortsighted.
- throwaway_kufu 5y agoSo long as the internet is required to use Bitcoin it’s not exactly as permissionless or decentralized as it’s marketing buzzwords pretend. It is also pretty trivial to fork Bitcoin so there is no more inherent value in Bitcoin vs a clone or fork. Compare that to a USD I think the last attempted fork was the currency of the confederacy going to show it’s not so trivial to fork.
- john_alan 5y agoIt’s permissionless because you don’t need a home or other status to use it. It’s decentralised because the US can’t globally stop it.
- jazzyjackson 5y agoI'm pretty sure we just haven't seen the war that would stop it. A few cut undersea cables and a dose of kessler syndrome would make all those burned cpu cycles for naught.