Blockchain and sex

#1

Post by syrkis » Sun, Mar 11, 2018, 11:11 PM UTC

Re: Blockchain and sex

#2

Post by blakdawg » Mon, Mar 12, 2018, 12:55 AM UTC

Is there a reason that a consumer would prefer an application-specific currency (intimate, DentaCoin, whatever) rather than a generic currency (BTC, BCH, ETH, LTC, whatever)?

From my point of view, it seems like an unnecessary friction to be moving value between different currencies depending on what I want to buy - and the fact that I'm buying the currency at all may reveal more than I want it to.

(* I understand why it's attractive to be in on the beginning of a new digital currency, and collect the proceeds of an ICO, or hold a lot of cheap or pre-mined coins; I'm specifically interested in why it's good for a consumer, not the promoters.)

Re: Blockchain and sex

#3

Post by syrkis » Mon, Mar 12, 2018, 8:24 AM UTC

blakdawg wrote: post #2

Is there a reason that a consumer would prefer an application-specific currency (intimate, DentaCoin, whatever) rather than a generic currency (BTC, BCH, ETH, LTC, whatever)? From my point of view, it seems like an unnecessary friction to be moving value between different currencies depending on what I want to buy - and the fact that I'm buying the currency at all may reveal more than I want it to. (* I understand wh…

I agree with that sentiment. There's something semi-nonsensical about application specific currencies, when the application does not involve some sort of distributed computing.