Post
Topic
Board Bitcoin Discussion
Re: 1 BTC = 1 BTC - Off topic from Chipmixer campaign topic
by
BitcoinFX
on 12/01/2021, 22:10:53 UTC
I'm not sure what that means. 1 BTC will be equal to 1 BTC. How could it be otherwise?

It cannot be otherwise! You are right.

1 BTC = 1 BTC

is the same as

$1 = $1

This is known as fungibility, in economics ...

- https://en.wikipedia.org/wiki/Fungibility

Excerpt;

"In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of its parts is indistinguishable from another part."

...

-
...snip...

One definition of money and currency includes;

- Medium of Exchange
- A Unit of Account
- Portable
- Durable
- Divisible
- Fungible (Interchangeable)

Money has one main additional property than currency;

- Store of Value

See: "Money vs Currency - Hidden Secrets Of Money Episode 1 - Mike Maloney"
- https://youtu.be/DyV0OfU3-FU?t=259

...snip...

The main argument for Bitcoin being somewhat non-fungible usually revolves around coin origin e.g. are historical coins potentially more valuable over tainted coins etc.,