Quote from: Lauda on March 19, 2016, 07:11:03 PM

Quote from: flix on March 19, 2016, 04:54:27 PM

-Open, permissionless system. If you have the token, you can use it.
-Mere Possession of the token is enough. No extra proof is required.
-Payments are simple, fast and have low transaction costs.
-Tokens are fungible.
-Payments are irreversible and final.

1) Correct. Bitcoin is censorship resistant.
2) Correct. Owning the private key is everything that is needed.
3) They current are (fees have an unknown/undecided future).
4) Somewhat fungible (unknown?).
5) Correct.

Quote from: flix on March 19, 2016, 04:54:27 PM

...and for it to be P2P:
-Only the voluntary interaction of the 2 parties to a transaction is required. No third party can block the transaction.

Correct.

Do you agree with my statements?

Of course I agree.

Bitcoin can currently be used as P2P Cash.

However as the network grows from 2 million users to 20 million... there are engineering choices to be made which could change some of these qualities. There will be trade-offs between speed, cost, simplicity, fungibility, etc...

That's what this thread is about.