Re: Eventually the FUNGIBILITY issue of bitcoin will make headlines ...
If someone is not able to make proper use of Bitcoin then he shouldn't bother. I really don't care if this scares away a few newbies. Bitcoin is really not something you should sell to newbies anyway. It's really not a consumer-ready tool, at least not as it currently exists.
If you are trying to buy something with bitcoin from a fiat accepting merchant: your problem, not Bitcoin's.
If you depend entirely on exchanges to cash out to fiat: your problem, not Bitcoin's.
If you are trying to buy something with bitcoin from a fiat accepting merchant: your problem, not Bitcoin's.
If you depend entirely on exchanges to cash out to fiat: your problem, not Bitcoin's.
You do have some very strong views. Border line religious in my opinion.
How do you expect bitcoin to be adopted if NO new people come to use bit coin? it's not a perfect system and thus shouldn't be dismissed as a perfect system that newbs shouldn't use. I'm pretty sure Satoshi wanted new people to start using bitcoin. If that never happens and they keep getting turned away...what's the point of Bitcoin anymore?
The serene/sovereign #B-A crowd doesn't worry about (any further) adoption. They might even resent it, like a King would resent pretenders to the Throne as usurping his Divine Right to Rule.
In the #B-A mythos, the historical/present BTC distribution represents a Divinely Ordained Mandate From Heaven, not a less-than-ideal situation to be improved.
That their tounge-in-cheek idiom seems borderline religious is fully intentional. It's a fun, cheeky blend of old school cyberpunk crypto-anarchist hacker manifesto and new school Red Pill neo-royalist/neo-reactionary fundamentalism.
In that paradigm, it is blasphemous to consider filthy besotted earthly matters like actual interchangeability worthy (or even capable) of affecting any aspect of Holy Bitcoin's Supreme Protocol.
To be clear, I agree with the idea that BTC->fiat exchanges are irrelevant because everyone should hoard their coins until Crypto-Kingdom Come, when they may be spent directly.
"Satoshi wanted new people to start using bitcoin. If that never happens and they keep getting turned away...what's the point of Bitcoin anymore?" is a good question, with an even better answer.
The true value that Bitcoin brings to the table is not "everyone gets to write into the holy ledger", it is instead "everyone gets to benefit from sane and non-inflationary financial instutions whose sanity and honesty are ensured by the holy blockchain".