Fungibility ❌
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Replies (18)
Fingibility isn't the problem, it's saleability
Bitfusis say:
The size of your liquidity pool may be as important than the Asset chosen 🤔
Bitcoin has the same problem. (But for different reasons) If you have non kyc sats and want to remain private you might find some friction getting rid of your sats. However, noone will be in doubt whether your sats are real.
melt and jewelry.
TME
Liquidity also
did he smelted it though? otherwise he doesn’t even really know if it is silver lmao
Well put
No one would expect you to sell at a discount p2p
But we still need to get Bitcoin to this place as well! 💜
Great lesson why fungibility is usually the most dismissed quality of money. Simply because as long as the collective illusion works it is assumed to be no big deal.
It's also why Monero matters for Bitcoiners. It's also whybayomic swaps between the two matter.
This is why bitcoin is better. If you go to collectible coin dealers or maybe even Costco, they might buy around spot price. I know Costco sells. Don't know if they buy though.
You can sell p2p. Like at hodlhodl. And are exchanges really that oicky about non kyc SATs? If so, any sat that comes right off layer 2s like liquid or lightning could be in question. Since they essentially break the base layer trail back to who owned it before.
Verifiability ❌
There is huge demand for silver so I don't understand why you would have any problem selling. Did you try Apmex?
Maybe not Apmex. They seem to have gone downhill in popularity since I last bought or sold from them.
I learned the same lesson in 2020 but with gold. The only way to give the system is to be a wholesaler. You could sell it for 10% above spot on eBay. Just make sure you send it registered mail and require a signature.
thinking about this as well