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It was never meant to be private or anonymous. You’re creating huge strawmen here. Bitcoin is definitely fungible and decentralised. You’re using a lot of word
by samarama 5y ago
It was never meant to be private or anonymous. You’re creating huge strawmen here.
Bitcoin is definitely fungible and decentralised. You’re using a lot of words that you don’t know what they mean.
- matheusmoreira 5y ago> Bitcoin is definitely fungible Run your coins through a mixing service then try to deposit them at an exchange and cash out.
- zionic 5y agoOn the contrary, I don’t think you know what those words mean. Bitcoin is neither fungible or decentralized. Mining is completely dominated/centralized by ASIC farms run by huge mining cartels. Also, buying Bitcoin from someone else inherits that coin’s entire history. If those coins were stolen at some point you could become liable. Bitcoins are non-fungible.
- samarama 5y agoThere is not one entity that controls Bitcoin, thus it is centralized. You can argue about degrees of decentralisation, but it is simply far more decentralised than FIAT. You’re creating an impossible standard, a logical fallacy. Dollars can also be tainted with serial numbers, get damaged, be marked with colors. Again, your argument only consists of logical fallacies.
- matheusmoreira 5y agoNo. It is absolutely centralized. To discover who's really in control of bitcoin, all you have to do is propose an upgrade that improves network but reduces miner profits. This is not an impossible standard nor is it a fallacy. Either it's decentralized or it's not. Either it's fungible or it's not. Bitcoin is neither.
- samarama 5y agoNop, that’s a false dichotomy. As always, it’s a spectrum.
- notch656a 5y agoXMR is fungible, and bitcoin laid the foundation for that. IMO Bitcoin is just the entry point, like the ENIAC.