The fungibility of cash relies on the expectation that serial numbers largely aren't logged when money transfers ownership. Each bitcoin basically has a serial number and a transaction history attached to it. There are no unmarked bills.
Discussion
This is simply wrong. There is no “each Bitcoin “ - there are UTXOs which are combined and recombined. Sometimes traceable sometimes not ( if by traceable we mean tied to an identity)
That's relatively new and not because they are being spent more frequently day to day than a lower denomination. They sit in foreign banks mostly.
> Not exactly. While overall demand for US currency is indeed on the rise, most $100 bills are held abroad. According to the Federal Reserve Bank of Chicago, nearly 80 percent of $100 bills—and more than 60 percent of all US bills—are overseas, up from roughly 30 percent in 1980.
Lol I'm using a concept know as analogy
This guy gets it