Thread - Nostr Hypermedia

BitcoinIsFuture

Your BS is ridiculous. https://en.wikipedia.org/wiki/Fungibility "For example, the fungibility of money means that a $100 bill (note) is considered entirely equivalent to another $100 bill, or to twenty $5 bills and so on" and cash has even identification numbers on it. 1 Bitcoin = 1 Bitcoin and because Bitcoin is decentralized and is peer-to-peer no one can stop anyone accepting Bitcoin Bitcoin is fungible money!

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Hanshan hanshan@nostr.land 2 weeks ago

you want this to be applicable to UTXOs but you completely fail to show how UTXOs function like cash bills. a 100k sat utxo with coinjoin history is NOT "considered entirely equivalent" to a 100k sat straight from a miner. your peer might not care, but he CAN *distinguish* between them. unlike cash bills. for a value transfer system to be fungible, units must be BOTH 1. equal and 2. indistinguishable. therefore UTXOs are not fungible like cash bills.

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