Post
Topic
Board Bitcoin Discussion
Re: Do you think Bitcoin is fungible?
by
BlackHatCoiner
on 24/04/2024, 17:49:19 UTC
XMR is 100% fungible, unlike bitcoin. That's why the government doesn't like it and centralized exchanges are delisting it.

Say you received 1 btc from ISIS and sent it to whirlpool... when the coin is mixed, the authority won't be able to know if your coins came from ISIS or not. This time, you are bearing the risk of using mixed coins. You exchanged one risk for another. The gov don't like that too.
So, let me get this straight:

  • I trade mixed bitcoin: I'm bearing a risk.
  • I trade (mixed) XMR: I'm not bearing a risk.

Completely reasonable.

Certain coins can be traded for a 50% discount indeed. Do you deny it?
No. Dumb people exist. That does not change the reality though. If you think it does, then neither Monero is fungible, because I can find an idiot who will buy my coinbase coins with a 50% premium.

Bisq's liquidity is another topic. It certainly lacks liquidity. That's another fact. Do you deny that too?
It certainly have less traders than Binance, yes. That does not mean it's not an option. And Bisq was just an example. You can even use atomic swaps, or a host variety of other services to convert any bitcoin to either fiat or crypto.

If you don't believe me or don't get it... You know how it goes.