No you're not because if all coins are bad then all coins have the same value. You can't overpay and be left holding the bag.
That is the definition of fungibility. Again, you are confusing privacylegality with fungibility. Without regard for the merits of either/both.
Slight correction because privacy can be orthogonal to legality if the technology and will is sufficient.
This excellent rebuttal demonstrates the very inferior logic skills of those who incessantly and unapologetically continue their irrational diarrhea (then ad hominem attack me and accuse me of doing what they do).