Quote from: brg444 on September 26, 2015, 03:11:25 AM

Quote from: smoothie on September 26, 2015, 02:59:55 AM

Quote from: brg444 on September 26, 2015, 02:49:33 AM

Quote from: smoothie on September 26, 2015, 02:38:01 AM

Quote from: brg444 on September 25, 2015, 10:38:15 PM

Quote from: onemorexmr on September 25, 2015, 10:31:05 PM

Quote from: brg444 on September 25, 2015, 10:28:27 PM

Quote from: onemorexmr on September 25, 2015, 09:30:57 PM

Quote from: brg444 on September 25, 2015, 08:59:57 PM

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.

It is perfectly fungible, what I am saying is you might be stupid enough to do business with people that believe or enforce this sham of "blacklists" and "taint" but that's not Bitcoin's problem.

Quote from: smoothie on September 26, 2015, 02:38:01 AM

Yet you think the developers of bitcoin can add an entire set of code to allow UNLINKABILITY and UNTRACEABILITY?

Yes

https://github.com/ElementsProject/elementsproject.github.io/blob/master/confidential_values.md

You are right it isn't bitcoin's problem. It is the user's problem.

But isn't that a cop out?

If there was a system that removed this possibility of blacklisting then I think we would be on to something. Roll Eyes

Bitcoin is here to serve people. If there is a problem with it, I think it should be fixed.

Block size is not something super critical that it needs to be done now...but this fungibility problem I believe is something that should be taken more seriously by the core developers.

Look you are fighting a strawman here I absolutely agree that privacy and traceability matters need to be addressed but fundamentally disagree that this issue has anything to do with Bitcoin intrinsic fungibility.

The problem is that users are not yet using it as intended. Most people are still dealing with third parties and traditional financial institutions when dabbling in their "Bitcoin finance".

No individual is actively aware of "tainted" coins and it makes absolutely no sense for them to be if they follow proper business etiquette. Stolen coins is 99% of the time the result of suckers who were irresponsible with their coins.

Yeah right now it isn't a huge problem. But I suspect we will hear of stories in news/press headlines about bitcoin's fungibility not being 100% perfect in the coming months and years.