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Post by hndamien » Fri, Mar 02, 2018, 10:51 AM UTC

dane-pgp wrote: post #100

hndamien wrote: post #96

Earlier quoted context omitted.

There is no "more fungible". It is either fungible or it isn't. Provenance can either be determined, or it can't. Sure there may be a degree of difficulty to determine provenance for some things, but if you cannot determine provenance at all, there is no degree.

"Fungible: being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account" That definition doesn't mention provenance, even if I concede that something can't be "more (easily) determined" or "less (easily) determined". My point is that if 99% of debts can, in practice, be paid (or transactions made) wi…

Post by shanusmagnus » Sat, Mar 03, 2018, 2:45 AM UTC

ExactoKnight wrote: post #102

shanusmagnus wrote: post #91

Earlier quoted context omitted.

Still useless from the PoV of this argument until you get to the point where you can buy stuff you need directly in crypto without conversion to fiat. We're a long way from that now, and the closest practical workaround (bitcoin to gift cards to stuff) goes away if the government gets hostile. The government doesn't have to make it impossible for cypherpunks and superhackers to use bitcoin, it just has to scare norma…

There may be a kernal of truth to this, but the fact is, to do this with overwhelming force there needs to a strong social impetus to do this. With drugs you had families ruined by drug addiction desperate for a solution. With bitcoin you have... what? Unwavering respect for the right of governments to restrict something most people can identify has at least some utility? The social consensus for a harsh crackdown is…