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P2P e-cash (monero.town)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 7 points 1 year ago (3 children)

How is bitcoin not fungible?

[–] [email protected] 6 points 1 year ago

Old bitcoins have a trail behind them. This makes them less valuable because if you buy that bitcoin you might be accused of a crime

[–] [email protected] 4 points 1 year ago

https://sethforprivacy.com/posts/fungibility-graveyard/

[–] [email protected] 3 points 1 year ago (3 children)

Agreed. Not sure what they are trying to say, but by the definition of the word “fungible” they are incorrect. Is this just FUD?

[–] [email protected] 3 points 1 year ago

Would you exchange your newly-mined BTC for the same amount from a MtGox or other theft?

[–] [email protected] 1 points 1 year ago* (last edited 1 year ago)

No this is the practical reality of the situation. Technically BTC is fungible but due to it's transparent nature it becomes not fungible in practice because every coin has a history which may change its value based on what that history is and who is looking at it.

Monero is true digital cash, BTC is not, practically speaking.

[–] [email protected] -1 points 1 year ago

Seems like it