Crypto Currency Fraud

Yeah – I didn’t think you’d answered it (I probs should have mentioned that).

The post you linked has problems IMO; not sure if you consider them relevant or not to the discussion, though.

Bitcoin isn’t dead between blocks – there’s no way for it to be alive without gaps, so logically it can’t be dead in those times. There is still an ongoing process – miners are hashing – but the results of that process are stochastic (next block could be in 20 seconds or 20 minutes).

The above is one reason, but another is that there’s a sense of financial continuity – but that wouldn’t necessarily be the case 2, 20, or 200 yrs later. I don’t think we need to agree on that much here btw, like roughly day-to-day continuity is enough (e.g., stock markets often close overnight, so it seems like day-by-day continuity is good enough for most finance stuff).

edit: uhh, discourse posted this to the wrong thread. It actually asked if I wanted to post it to crypto currency fraud (this topic) or to “post it here”, but i guess both posted it to this thread.

Edit2: going to copy it over to BTC as money thread. Edit3: Bitcoin (BTC) as Money - #32 by Max