Bitcoin Forum
September 19, 2019, 05:59:46 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2015-03-24 FT.COM Bitcoin’s lien problem  (Read 734 times)
iCEBREAKER
Legendary
*
Offline Offline

Activity: 2156
Merit: 1068


Crypto is the separation of Power and State.


View Profile WWW
March 24, 2015, 06:39:18 PM
 #1

Bitcoin’s lien problem

Part of the BitcoinMania series

http://ftalphaville.ft.com/2015/03/24/2122678/bitcoins-lien-problem/

Quote
At cryptocurrency and fintech conferences, FT Alphaville often hears Bitcoin enthusiasts make the assertion that Bitcoin is superior to fiat currency because it eliminates debt from the monetary system.

But this, of course, is a fallacy.

Bitcoin may have the potential to create a fully-funded reserve system, but it certainly doesn’t eliminate debt from any system.

At best, Bitcoin’s public ledger records a transfer of digital access rights in the eyes of the clearing network. It does not, however, record or see the terms and conditions of that transfer...


██████████
█████████████████
██████████████████████
█████████████████████████
████████████████████████████
████
████████████████████████
█████
███████████████████████████
█████
███████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
███████████████████████████
██████
██████████████████████████
█████
███████████████████████████
█████████████
██████████████
████████████████████████████
█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
1568915986
Hero Member
*
Offline Offline

Posts: 1568915986

View Profile Personal Message (Offline)

Ignore
1568915986
Reply with quote  #2

1568915986
Report to moderator
1568915986
Hero Member
*
Offline Offline

Posts: 1568915986

View Profile Personal Message (Offline)

Ignore
1568915986
Reply with quote  #2

1568915986
Report to moderator
1568915986
Hero Member
*
Offline Offline

Posts: 1568915986

View Profile Personal Message (Offline)

Ignore
1568915986
Reply with quote  #2

1568915986
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1568915986
Hero Member
*
Offline Offline

Posts: 1568915986

View Profile Personal Message (Offline)

Ignore
1568915986
Reply with quote  #2

1568915986
Report to moderator
db
Sr. Member
****
Offline Offline

Activity: 279
Merit: 251



View Profile
March 24, 2015, 10:12:44 PM
 #2

10 bitcoin comes in to an address of a company. 2 of them are Soprano bitcoins. The company pays 10 suppliers 1 bitcoin each from this address. Where did the Soprano bitcoins go?
fancy_pants
Hero Member
*****
Offline Offline

Activity: 665
Merit: 501


quarkchain.io


View Profile WWW
March 24, 2015, 11:19:24 PM
 #3

10 bitcoin comes in to an address of a company. 2 of them are Soprano bitcoins. The company pays 10 suppliers 1 bitcoin each from this address. Where did the Soprano bitcoins go?

Impossible to answer without knowing which party pissed all their fiat away on Perkins Coie.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!