On permissionless transfer of redeemable tokens
In the token debate currently in Bitcoin Cash opponents to the GROUP proposal argue that there is no such thing as permissionless transfer of redeemable tokens.
They argue that while GROUP allows permissionless transfers of tokens it ultimately doesn't matter since the issuer can invalidate the coins anyway.
Then the obvious question we need to ask, which a sceptic always should ask whenever one hears blockchain in relation to projects, is what are the benefits for a token to operate on Bitcoin Cash as opposed on a SQL database?
The same binary argument that dismisses GROUP's ability to do permissionless transfers can be used to dismiss other potential benefits non-protocol-layer token schemes have in using a blockchain.
Therefore the argument shouldn't be GROUP or Tokeda (or other non-protocol-layers). It should be should tokens on Bitcoin Cash exist at all?
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