Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 08/11/2014, 21:24:22 UTC
ok, let me ask you again.  this time answer.

what honest, immutable ledger allows part of itself to be cut off permanently from its main database, not to mention the fact that it may not even know about it?

Playing with words is not helping your argument.

"Cut off" or "lost" is the same thing really so the Mt Gox analogy still applies. Also, in Mt.Gox's case, the ledger does not know whether the coins are lost or owned by a malicious owner.

"Part of itself" = the units. Whether the sub ledger containing these units is centralized or decentralized makes no difference.

trying to obfuscate by using the term "subledger" is playing with words.  SC's are different ledgers with different security and economic assumptions and offerings.  we've already agreed on this.  you just forgot.

the gox analogy is not good b/c it involves a SC1 once removed from Bitcoin.  in NL's example, he was talking about SC's/ledgers twice removed or more getting "decapitated" by SC1 malfeasance.  we've never seen anything like that in Bitcoin; ever.  it's a new risk.