Post
Topic
Board Speculation (Altcoins)
Re: [XVG] Verge - Speculation & Discussion
by
dazbog835
on 09/08/2017, 14:18:58 UTC
Other than Monero and Zcash, IPs will be completely hidden. It's a truly anonymous coin.
what about fungibility? is that also solved in Verge? Sounds almost too good to be true. As a monero supporter I'm torn Smiley

kel-alt -
As far as I know 'fungibillity' means you can divide something into pieces and it does not seriously affect
the value. Like you can cut an ounce of gold in half an both halves are still worth half of what the ounce
was worth, but if you cut a car or a teddy bear in half it seriously lowers the value.
Maybe you mean 'liquidity', which is the ability to readily exchange one asset or currency for another.
Verge is on Bittrex where there is quite a bit of volume. 355 BTC or 1.2 million USD is total volume as I write,
most of that on Bittrex.
 With this kind of volume I imagine you could buy or sell 3 BTC worth anytime without much trouble. That
would be about 3 milllion or so XVG.
I just got an Android phone that will load the XVG wallet that is the
only phone wallet that sends a coin totally anonymously and will download it when I hear the password bug
has been fixed. Then maybe show it around and try to get more users on board.
That is not what fungibility means. It means that one item of such currency is indivisible from another in the sense that one coin cannot be distinguished from another.

An example would be two 100 dollar bills. One was used in the transaction of illegal drugs, the other in the purchase of a chair. You cannot see just by looking at them which was used for which.

You CAN do that with almost all of cryptocurrencies. And then certain companies can say, we will not touch coins that were part of an illicit transaction. Even if this was not done by you, but by a different owner of that coin.

Is verge anonymous in that sense?