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by Erlich_Bachman 2743 days ago
Because if it is not - it is simply a centralized database of payments. Like an SQL table of transactions. This has been a solved problem for decades. Visa and MC processing servers all use cryptography in many parts of the stack, and yet no one calls Visa a cryptocurrency because of that. This is why if you see anyone use the word "cryptocurrency" when in reality they talk about a legacy centralized (thus lacking all decentralizations perks) database - you know they are assuming you have no actual knowledge about the area and are trying to buzzword you.
2 comments

Forget about centralized/decentralized. There is an ecosystem around existing cryptocurrencies. Wallets, exchanges, dapps, etc. All of it wouldn't work use they an SQL table of transactions.
I'm not sure that something like Vision Plus is very similar to a Blockchain.

Aside from both using cryptography, in the sense, of encryption.

So... if such buzz words are used, it seems like a huge lie.