Ideal fungibility would mean any unit is indistinguishable from another. Bitcoin has unique transaction histories making it's fungibility worse than Monero.
They can be priced differently based on that. They already are with freshly mined Bitcoin and "tainted" histories.
Dollars are more fungible because it's full history of ownership and transactions aren't visible despite being serialized.
Gold can be serialized, but can be melted back down.
In the crypto world through ZKPs
You can argue the importance of fungibility vs the other qualities of money, but an ideal money would be perfectly fungible and have all the other properties you listed.
SaberhagenTheNameless / Saberhagen The Nameless
npub14a…yz6rn
2024-12-21 06:23:56
in reply to nevent1q…2gj0
Author Public Key
npub14a6q6xvt4wuv0wpdpfr336e4fweldtu6np3ehpw55h83xuw2h2zsgyz6rnPublished at
2024-12-21 06:23:56Event JSON
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"content": "Ideal fungibility would mean any unit is indistinguishable from another. Bitcoin has unique transaction histories making it's fungibility worse than Monero.\n\nThey can be priced differently based on that. They already are with freshly mined Bitcoin and \"tainted\" histories.\nDollars are more fungible because it's full history of ownership and transactions aren't visible despite being serialized.\nGold can be serialized, but can be melted back down.\nIn the crypto world through ZKPs\n\nYou can argue the importance of fungibility vs the other qualities of money, but an ideal money would be perfectly fungible and have all the other properties you listed.",
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