Quote from: r0ach on July 25, 2017, 02:38:40 AM

Quote from: sidhujag on July 25, 2017, 02:17:08 AM

The cool thing with crypto is it is engineered

No, that is actually not cool at all. That means it's simply an artificial video game controlled by a central party, hence it's not decentralized or fungible or money. Just because the controller at the top of the hierarchy is obfuscated or can sometimes change through some banana republic voting process or power grab by a strongman makes no difference. The only fact that matters is that bitcoin has no Nash equilibrium, therefore it's not decentralized.

Quote from: sidhujag on July 25, 2017, 02:17:08 AM

Gold is not fungible and crypto is by definition because of its engineering qualities.

You need to be more careful when you type blatant lies because even a caveman reading this thread can tell this is a lie. Cryptocurrency is not fungible by definition because it can be changed via power vacuum, while gold and silver are fungible because elements on the periodic table are immune to things like democracy or authoritarianism. I can only conclude you are a real life actual scammer if you feel the need to lie to this extent.

You need to stop flat out lying because gold can be repatriated and confiscated and thus the value depends on other uses of it thus making it unfungible and no engineering can fix that.

Being engineered doesnt mean you change things willy nilly but it lets you innovate and adapt to society without breaking compatibility. Once the genesis is born it is there to stay forever. The protocol can be upgraded to mold itself to the requirements at the time. This is why its.a better form of money. Ct and zkp is an example of this.