realr0ach
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June 20, 2018, 04:57:25 AM


Today on twitter I saw some EOS shill respond to one of Szabo's posts and call him a "fucktard".

https://twitter.com/NickSzabo4/status/1008974899690463232


jesus fucking christ

the fail is strong with this one

The whole thread is fail because Szabo pretends bitcoin isn't designed to centralize, thus giving you the exact same problem he complains about EOS having.  There is NO real world outcome in which mining doesn't become insanely centralized in a few giant warehouses.  Those giant warehouses are just enormous physical attack vectors that the govt knocks on their door and forces AML/KYC on.  Then, all of the same countries like the G7/G20 that have extradition treaties with each other and such, all create a common shared blacklist of coins and you have a permissioned ledger slave system where the govt can just turn off your money at will if the govt doesn't like you and you cease to exist.

That is the exact model of the "new world order" slavery system as described by Aaron Russo:

https://www.youtube.com/watch?v=ZKeaw7HPG04

So fuck Nick Szabo for shilling for non-fungible trash.  And that's what any non-fungible currency is - trash.  Fungibility is required for it to be money.  It's not money.  It's a system of control.  Your options then become doing something like moving to Monero, but Monero is not really fungible in the first place because any craptocurrency where the protocol can just mutate or fork at random is definitely not fungible even if it has a built in coin 'tumbler'.  'Money' is not allowed to mutate or change at random.  Money is supposed to be boring and unchanging.  That's how it remains fungible.

Then you have the problem that Monero is also just a giant honey trap because if the encryption ever falls apart, it's just a free list of illicit transactions for the govt to rake over.  TLDR:  All cryptocurrencies are garbage.  Buy physical silver.