Ninjastic
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Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
rocks
on 18/05/2015, 21:00:52 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.

Which puts Monero in the exact same position as Bitcoin then. Bitcoin would have certain transaction types outlawed and Monero would be entirely outlawed. Yet both Monero and Bitcoin would still function and processed the outlawed transactions for people who choose to ignore the (illegal) rules.

And so both maintain fungibility through the exact same mechanism, which is people ignoring governments.  This is why I'll maintain privacy is a matter of usage, but is not a property of money.