BitcoinIsFuture's avatar
BitcoinIsFuture 3 weeks ago
Your clown "arguments" are self-refuting. This is is just retarded BS - "not recorkded in any accessible way" The serial numbers of bank notes are visible on the notes and can and are recorded in all kinds of databases. Yet per the definition they are fungible money. But then you went further in your insane clown theories to tell that "cash bills are actually non-fungible" which shows you lack touch with reality and common sense as well. View quoted note →
Hanshan's avatar Hanshan
it's very simple. cash bills are different. they have physical serial numbers. but they're "considered entirely equivalent" because that unique identifier is not recorded in any accessible way. UTXO are different. they are all completely unique. and they are NOT "considered entirely equivalent" because that uniqueness is recorded in a publicly accessible location.
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Hanshan's avatar
Hanshan hanshan@nostr.land 3 weeks ago
serial numbers of bank notes are recorded in "all kinds of databases." like where? name one. when was the last time you accessed it? when have you EVER compared a bills serial number to anything anywhere? OTOH i know exactly what database your UTXOs are recorded in and I accessed it an hour ago. if you show me the "note" i can examine its history in a few minutes. pretending like those two things are functionally equivalent is fucking retarded. "BuT bANk NOtEs hAVE sERIal nUmbERs" doesn't say shit about Bitcoin UTXOs. use your fucking brain. a 100k sat UTXO from an OFAC sanctioned address is NOT value equivalent to a new 100k sat UTXO from a miner. people pay a premium for rare sats, coinjoined UTXOs are rejected by exchanges etc... the market does NOT treat UTXOs as fungible like cash. precisely *because their history is known and accessible. yet you continue to assert UTXOs are functionally cash equivalent, and say thats its ME who's out of touch with reality 😂
Hanshan's avatar Hanshan
lol cash bills ≠ UTXOs cash bills are all different because they have serial numbers obviously, but they're *treated as fungible* by the market because the serial numbers are useless to practically everyone. so in practice, fungible. the same is NOT true for UTXOs, since their uniqueness is public on the blockchain, accessible by all. this is not complicated and you look stupid pretending it doesn't matter. View quoted note →
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