Is the future of cryptocurrency within Bitcoin or elsewhere, regarding anonymity. I see a lot of people pushing for BTC but nothing like Monero or Loki for example. I'm not choosing sides, just genuine question?
Discussion
With the existing crypto primitives you can’t have sound money and fully private UTXO set
This ^^^
UTXO?
Why so?
Without fungibility (in the real world, not just at the protocol level) you can't have sound money, period.
Privacy is a prerequisite to that fungibility.
You mean salability, not fungibility.
WHat is the difference? I only know fingibility as 1 Monero is the same as this other 1 Monero
Still don't understand why sound money is impossible with fully private UTXO set yet.
No, I do mean fungibility. mutual substitution. interchangeable. 1 BTC =/= 1 BTC many examples.
Would they trade 1 "clean" bitcoin for my 1 "tainted" history bitcoin? Probably not.
Yet another great article from Seth. This answers a lot of my #fungibility questions. Be curious to see if he updates this with info regarding ordinals.
Taking a read now
That was a good read