News for hackers. Stuff that matters.

A comment on Decentralized Blockchain-Based Electronic Marketplaces. Parent comment

Re:Decentralized Blockchain-Based Electronic Marketplaces by QAPereo on Sunday January 14, 2018 @03:56PM (#16146367)
That would be legal, but critically attempting to redeem them for current USD would be a crime.

So no... not the same.

[ Parent | on HN ]
Re:Decentralized Blockchain-Based Electronic Marketplaces by stale2002 on Sunday January 14, 2018 @04:40PM (#16146647)
It is exactly the same.

First of all, I COULD sell my stale2002 dollars for real dollars, at market price, as long as I am not lying about what I am selling.

The price of my sale2002 dollars would probably be ~0, but I am still not breaking the law.

If you fork Bitcoin, you can't redeemed your forked coins for real Bitcoin, either.

It would be a completely new and different currency.

The same exact thing is the case with my new paper bills.

[ Parent | on HN ]