Post
Topic
Board Bitcoin Discussion
Re: Do you think Bitcoin is fungible?
by
cryptosize
on 25/04/2024, 20:24:55 UTC
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.
Judging by the 840000 block craziness, I'm willing to bet 1 BTC that if someone (maybe Satoshi, or maybe someone else) could move 1 BTC from Satoshi's stash (especially from the early blocks), then you would find plenty of buyers willing to pay a 100%, 200%, maybe even 500% premium. Grin

We may argue that 1 BTC = 1 BTC, but the market has the final word.

I disagree with Antonopoulos that 1 EUR = 1 EUR, because I've seen plenty of cases where collectors sell rare euro coins for a hefty premium.

In general, yes, if you go to a store, they don't care if it's a rare or less-rare euro, they'll accept it at its face value.

But you cannot stop the market from doing its own thing. Collectors will always exist (hoarding collectibles is a DNA instinct).

For me stamps have no special value, but for collectors they do. Same with Ordinal NFTs and other stuff.

anything can be currency(even sexual favours from your wife in exchange for getting her a gucci purse)
1 pussy = 1 pussy

Right? Cheesy

4 billion pussies max cap (currently)...

But the (sexual) market has decided that different pussies have different value (aka SMV). Wink