The Characteristics of Money (Compared to Litecoin)

dinofelis

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Quote from: smitemesmith on September 23, 2016, 10:40:44 PM

Fungibility of any coin (btc included) is only at stake if some coins are worth less than others. There is currently a hudge hype about anon crypto because of this. The story goes that if a certain coin was used in a nefarious or illegal way it is worth less since some will not accept it. THIS HAS NOT HAPPENED YET. At least not on a large scale as far as I know. Anyone please feel free to enlighten me.

It did happen on ETC. Exchanges didn't accept (well, did accept and then froze) the coins that came from the "Robin hood group" that emptied the DAO to "protect it from evil hackers", when they tried to trade them.

So these etc coins didn't have the same value or got the same treatment as other ETC coins.

smitemesmith

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Fungibility of any coin (btc included) is only at stake if some coins are worth less than others. There is currently a hudge hype about anon crypto because of this. The story goes that if a certain coin was used in a nefarious or illegal way it is worth less since some will not accept it. THIS HAS NOT HAPPENED YET. At least not on a large scale as far as I know. Anyone please feel free to enlighten me.

dinofelis

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Quote from: bbc.reporter on September 23, 2016, 10:11:19 PM

If transactions in litecoin are transparent like in bitcoin then the fungibility should be low. It will change when the get their confidential transactions idea added in the future.

... and when it is not an option. Because otherwise, there will be a difference between "confidential" coins and "clear coins". It might for instance well be that some exchanges or I don't know what, only allow transactions of clear coins, which have no confidential stuff in their past.

BitcoinNational

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Join The Blockchain Revolution In Logistics

Quote from: dballing on September 23, 2016, 06:22:18 PM

fungibility is numero uno!

good word choice

bbc.reporter

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If transactions in litecoin are transparent like in bitcoin then the fungibility should be low. It will change when the get their confidential transactions idea added in the future.

Who made that diagram?

dballing

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Awkward yet epic... Coblee codes Litecoin while having toast with butter after a mid day nap. A year later he is then using Litecoin as money to fly from convention to convention to talk about Litecoin... If that isn't the biggest mind F, then I don't know what is.... Has Coblee created the perfect money (aside from Bitcoin)? What worries me about BTC is that Coinbase is blacklisting BTC addresses... which is probably why Coblee is adding CT to LTC because fungibility is numero uno!

Topic: The Characteristics of Money (Compared to Litecoin) (Read 410 times)