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by DropInIn 1053 days ago
So, by definition, the only asset that doesn't have external costs which make the SC cost _more_ than traditional paper contracts are those where the collateral asset is the exact same currency as will be issued?

You do see the glaring issue there right?

As for combative, I am beyond tired of the games played by crypto folks when it comes to answering basic questions they should already have the answers for.

If they don't answer the simple questions with clear and simple answers, then why should I act as though they are acting in good faith, let alone actually educated on the topics they claim the tech solves to know whether it solves a problem at all? Because from my perspective they sure as hell aren't.

Ed: oh I forgot to include the other major issue that undermines even on chain encumberance, that is the fact that a preceding off chain encumbrance takes precedent in court and thus even if the SC executes properly the funds may be taken by the courts as a consequence of preexisting encumbrance and thereby undermine the entire value proposition of the SC.

1 comments

> As for combative, I am beyond tired of the games played by crypto folks when it comes to answering basic questions they should already have the answers for.

I did answer your questions.

No you absolutely did not.

Allusions are not answers.

You're hilarious.