Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
brg444
on 20/11/2014, 17:19:55 UTC
sorry, i will never admit that.  you're talking about something totally separate from the sound money function; reputation which is an emotional response and immaterial to the math.

How is it any different?

Is the "sound money function" not the aspect by which the value assigned to the unit cannot be inflated by a deterministic increase in the supply?

You propose that exchanges or any off-scheme schemes running on a fractional reserve is not a direct threat to Bitcoin's sound money function but only a "reputation" problem?

Is it not true that offchain solutions are inherently more likely to run on a fractional reserve than a sidechain where the scarcity is enforced on the protocol level (mathematically) ?

If you answer no to that question then I cannot debate with you as you are clearly not being honest.