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This is a silly criticism, as long as the concepts of "cryptocurrency as a decentralized idea" and "cryptocurrency as many people use it in practice" are descri
by rhn_mk1 4y ago
This is a silly criticism, as long as the concepts of "cryptocurrency as a decentralized idea" and "cryptocurrency as many people use it in practice" are described by a single word.
If the article is correct about "practicurrency", then you're responding to someone saying that it won't affect "decencurrency". One of them is indeed not a Scotsman. All you're saying is that the word has more than one definition for two wildly different things.
- Victerius 4y agoIt is impossible for a monetary system to be decentralized, safe, and have mass adoption. Because security requires either inconvenience or centralization, and inconvenience is a hard barrier to mass adoption.