Replying to Avatar Schmidt

When money changes hands, it can get “poisoned” and this causes problems for future users. That's why fungibility, like in Monero, is crucial—it keeps all money equal and safe to use.
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S!ayer 1y ago

Learnt about "dirty" bitcoins and hoe traceback works.

I mean, public ledger and all.

This is where Monero fucks

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S!ayer 1y ago

It's kind of concerning to be honest.

For example, the major BINANCE hack that saw like $320m of BTC being stolen. This *can* be traced on the blockchain, because it's transparent and records all txns.

Thus, if somehow, you ended up with *some* 'dirty' bitcoins, and you tried to move it to a CEX like Coinbase, then it's highly likely those "coins" would be sanctioned on arrival.

Unlike money, BTC carries its history.

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Layerjack (Onion Knight) 1y ago

Dirty butcoins do not exist because of atomic swaps.

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pcre 1y ago

To be fair, it has to be said that there will also be Bitcoin that are worth more if they come from a celebrity, for example. Or if they have no history at all (freshly minted). This makes Bitcoin very unattractive as a medium of exchange.