Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
kazuki49
on 18/05/2015, 22:39:53 UTC
Am debating what are the innate properties that constitute money. For the reasons stated in prior posts I do not consider privacy to be applicable to what makes good or bad money and do not see that as a factor towards driving adoption.

Privacy is not necessarily a property of money. Fungibility is a property of money though, and without strong legal guarantees of fungibility, it likely does require privacy because if you can trace "bad" or "good" coins then fungibility isn't there. Bitcoin currently doesn't have whitelisting/blacklisting, etc. (for the most part; there do seem to be some exceptions involving Coinbase, etc.) but as long as that concept is in play fungibility is a question.

Fully agree. But as HeliKopterBen and dEBRUYNE pointed out a few posts ago, a fully private currency such as Monero could just as easily be outlawed in it's entirety. Which puts Monero in the same position as a Bitcoin where blacklist coins are outlawed.


I fully expect some governments to outlaw Monero in some ways, it is much more dangerous to them than Bitcoin. But it would be out of ignorance because Monero can be made transparent if required by law on a individual basis and not on a panopticon level like Bitcoin.