Cryptocurrency: It isnt encrypted and it isnt a currency.
Cryptocurrency: It isnt encrypted and it isnt a currency.
Replies
dave_thompson_085 writes on EC(DSA), which is used in Bitcoin:
Paper money was said to 'remain current', ie. remain fungible when accepted honestly.
Paper money is a tiny part of the money supply. A tiny part of our money supply is fungible. Bitcoin is only fungible in france, and only in some cases.
-jp_koning
https://www.cnet.com/news/when-you-have-64-million-in-bitcoin-but-no-password/
You describe a legal issue, but practically, crypto comes as close to humanly possibly to tying the de facto powers of ownership with possession.
And as for the records of all transactions being public, that's a deliberate choice, and it's the reason Monero was invented, to provide a case where transactions are NOT publicly visible.
And as for the records of all transactions being public, that's a deliberate choice, and it's the reason Monero was invented, to provide a case where transactions are NOT publicly visible.
A consequence of encrypting the blockchain is that it is impossible to know if the supply is being inflated through an exploit.
Cryptocurrency: An musical chairs ponzi exchange to exchange unencrypted non-currency Data management system.