Nostr Web Client

No the point is cash and gold are fungible and the government tries to make them non fungible.

Bitcoin is the best at repelling this by actively defunding the state with money they cant make more, eliminating arbitrary debt and money creation.

Governments can obviously oppress people and bitcoin is revolutionary because it ends fiat money.

Its transparency is a feature not a bug.

Also, i wrote that, i compiled the information. I said it to ai and it helped me organize it. A lot of it was inspired by breedlove and saylor's series and others.

Hanshan 5mo ago

if UTXOS of the same value can be differentiated from each other, Bitcoin is not fungibile.

they can be, so it it isnt.

its very simple.

saying "well Bitcoin will destroy the state someday and there wont be an entity to assign arbitrary reputation to UTXOs" doesn't make it fungible.

Reply to this note

Please Login to reply.

Discussion

Corbin 5mo ago

That's not what fungible means. Fungible means one is as good as the other, like cash, you can give anyone any dollar, hence it's fungible. Regardless of bar codes.

That doesnt mean the state cant track dollars or arbitrarily withold certain dollars. They will try and have tried with all forms of money.

Because they try to make bitcoin non fungible does not make bitcoin non fungible.

Part of the reason bitcoin is revolutionary is because it defunds oppression and arbitrary, forced state overreach. Its an important point and relevant

Corbin 5mo ago

By bar codes i meant serial numbers on dollars