Post
Topic
Board Bitcoin Discussion
Re: Eventually the FUNGIBILITY issue of bitcoin will make headlines ...
by
smoothie
on 26/09/2015, 02:38:01 UTC
Bitcoin is perfectly fungible. Anyone who claims otherwise is confusing economic concepts.

we already had this discussion.
maybe bitcoin is technically fungible (because any coin can always be send an mixed) but practically you have problems when using coins which where stolen (eg bitstamp hack) or why do you think new minted coins are sold with a premium?

Indeed, and as you explain we have established that Bitcoin is "technically fungible" which is really all that matters. Fungibility is a property inherent to a system. It is not dependent on human preferences.

well we need to agree to disagree then.
i want to use money without thinking about thefts or checking its history.
it doesnt help me if is "technically fungible" when i cant use it that way.

You will, it's a matter of setting up the technology to do it. Monero is cool cause it comes with that feature baked in but it isn't impossible with Bitcoin.

I would also suggest that situations where you wouldn't be able to spend your coin are rare occurrences.

lol so it isn't perfectly fungible then right?

Of course nothing is impossible, but I would think that the unsettlement of the "block size" debate (pretty much one line of code) can't be decided upon. Yet you think the developers of bitcoin can add an entire set of code to allow UNLINKABILITY and UNTRACEABILITY?

Even bitcoin mixers leave someone with coins tracing back to its origin (assuming some stolen were mixed).

I beg to differ on that one.