No, that's not the claim. Fixed supply is necessary for a money to not be debased. That's all. That has proven to be a valued feature.
As far as fungibility goes what is the argument? Either a bitcoin is a bitcoin and is worth the same or it's non-fungible because it's auditable or verifiable which one?
Dollars have serial numbers and mints.
Gold has specific molecules that CAN be serialized and verified as gold.
If an asset is "Fungible" to the point of being indistinct, how does one verify supply?
Beside ALL of that, fungibility is not an important attribute of a monetary asset. It is superfluous to the function of money. Like the money having a dead president on it or being a rectangle.
JackTheMimic
npub1m5…2glzq
2024-12-21 05:38:19
in reply to nevent1q…sz0n
Author Public Key
npub1m50e65pv09ga73lglrkjgh5tlgj006pv9rce8xdg7rn5kps38gssh2glzqPublished at
2024-12-21 05:38:19Event JSON
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