Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
HeliKopterBen
on 18/05/2015, 20:24:14 UTC
Quote from: dEBRUYNE on May 18, 2015, 08:12:44 PM
Quote from: HeliKopterBen on May 18, 2015, 08:02:56 PM
Quote from: rocks on May 18, 2015, 07:24:37 PM
It is not clear how uniformity/fungibility is any different from Bitcoin.

Most likely if an entity (company, government, individual, ect) decided to censor bitcoin transactions based on tx history, then that entity would not accept a currency like XMR at all because tx history cannot be completely known.  In this sense, XMR could be LESS FUNGIBLE than bitcoin, or at least less accepted as fungibility may be the wrong term to use in that case.

In that case you still can't differentiate units, which is the premise of fungibility. It would simply be outlawed.

As I said, fungibility may be the wrong term, but the outcome would be similar to non-fungibility (actually worse) because the currency would be banned completely.