Quote from: realr0ach on December 20, 2017, 10:57:10 PM

Quote from: sidhujag on December 20, 2017, 08:55:59 AM

Quote from: realr0ach on December 20, 2017, 07:48:28 AM

It's amazing people don't understand bitcoin isn't fungible and never will be fungible even if you do mix the outputs (and yea, of course Monero is also not fungible for the same reason):

Quote from: realr0ach on December 20, 2017, 07:36:22 AM

Quote from: jbreher on December 20, 2017, 07:17:13 AM

Fungibility is simply the property that any unit of some substance is functionally equivalent to all other units of that substance.

Don't play stupid. You know damn well bitcoin is not fungible nor money by definition, and that an "evolving protocol" is also never going to be fungible even if you do mix the outputs. I bet you've also made conflicting statements before about segwit claiming that it's really a fork or something even though the wallets are technically compatible, thus fit within your definition of equivalence in fungibility.

If you assume each transaction type has completely different surface attacks vectors like attempting to turn segwit transactions into anyone can spend transactions or what have you, how could they possibly be fungible? This is the never ending cycle of a so called "evolving protocol". Just about nothing in it is fungible. There's also not much difference in a hard fork and soft fork if both alter fungibility.

Gold isnt fungible because bars can be blacklisted along with 100x other things that bitcoin is better at than gold. Also we can engineer a solution to our problems. Zcash is anon use that then wash your money and head back to bitcoin as sov. Maybe CT will be soft forked in making.bitcoin anon.. maybe.another breakthrough will break the fake walls you keep throwing up trying to convince yourself that the market is wrong and you are right. Well ive already explained how your so dead wrong you missed the bus crying foul and continue to do so while we are hard at work fixing messes types like you have created and put us in.

Perhaps take those rose coloured glasses off and try to think on how to solve your problems through crypto and you may end up on the right side afterall Wink

Your brain either doesn't work or you're like the #1 liar on the entire forum. Gold is an element on the periodic table, it's not "A BAR". Of course gold is fungible. You're trying to apply externalities such as government that are irrelevant to the definition at hand. Yes, the govt can make a law outlawing oxygen too. Does it mean oxygen is not fungible now? No. The periodic table does not recognize the authority of a man claiming to be god (govt).

It would be like me claiming that if one person wants to receive bitcoins on a USB stick and another wants to be paid by bitcoins in a paper wallet that bitcoin is not fungible entirely due to the preference of one person.
Bitcoin is not fungible and never will be for numerous reasons, but the above reason is not one of them and you're trying to apply that to metals when it's an invalid comparison.

You also pretend that bitcoin does not require a container or medium to express it's existence and only metals do (in the form of a bar or coin). You pretend bitcoin magically exists in the clouds. Newsflash: There's no such thing as "cloud computing", there's only you uploading your shit to someone else's computer you don't control.

You seem to be confused on what fungibility means. Its okay you do that alot. So gold bars are not intetchangeable if they are blacklisted. They can be easily repatriated and confiscated. Want to melt your bar and lose that serial number? Go.ahead sell your shit at a discount and probably goto jail when caught and lose your gold. Therefor gold is not fungible should it ever theoretically be the basis of monetary policy. There is a reason we left gold standard and hoping to go back is just that hoping.. whereas bitcoin already offer the people a paradaigm shift in asset ownership which never existed and allow for trustless payments with real fungibility. (Use mixers or wait till dexs come then wash with liquid alt coin). You seem to be confused about what we are doing here. You certainly do not have an engineers brain. Whatever job you do in this world do not quit. Your no good at this.

Lets play your fairy tale out. So gold std is here. A war happens. Im china. I demand all gold to print more. I add sensors all over and track those holding any form of thr metal and jail and fine those that cant verify gold didnt come from blacklisted source. Ofcourse you cant they are not verifiable at all. Not like they are digital tokens! So no noone wants to accept jewelerry or operate in black market where its highly discounted tending towards 0. Thus not fungible.