Fungibility will be the theme of the second half of the roaring 20s.

If you don't yet understand the significance of fungibility you'll experience it first hand through frozen accounts, frozen payments and legal battles.

In short. Fungibility means every unit is interchangeable with a subset of any other unit. No ID markers of any sorts.

Why is it important?

Because the crypto space took the wrong turn. Celebrating the arrival of centralised third parties meaning most people go through custodians who require IDentification. But with ID comes taint and association or closeness to criminality, which is arbitrarily defined by broken money hungry states seeking to milk the public

Could be sending more than the allowed $600 from a non KYC account.

Could be sending 4x tx of $9500 from a KYC account

Could be coins that got stolen from an exchange that you got from a customer that traded on a non KYC exchange

As chain surveillance of transparent coins advances more and more cases is "illegal" transactions will be claimed by insolvent state.

There's no remedy for those believing in the medium of exchange use case other than mathematically guaranteed FUNGIBILITY.

Game theory tells us that the state will declare everything an illegal transaction if its in its interest.

The only thing states can not touch is what they don't see.

Hence why Monero is a superior medium of exchange compared to ALL other transparent cryptocurrencies.

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Discussion

How is bitcoin non-fungible then? There is no way to differentiate 1 Satoshi from another. Utxos aren't?

yeah, this.

sats are fungible but utxos arent.

E-cash mints are going to be considered the same as mixers. There’s no way that they allow mixers to pretend they’re like some noble and honest institutions.

Monero is better because it doesn’t require you to bet on the good will of others. Bitcoin just inherently relies too much on assuming the good will of authorities

You can have both

No doubt, I’m not a maximalist for anything. Just want stuff that works