Important discussion

“Fungibility isn’t about some arbitrary level of acceptance.

It’s about the market treating units as interchangeable with equal value, per all credible sources.”

1) I know people that only buy virgin coins from miners, because they don’t have a paper trail. I know they even pay a premium to the spot market for such coins

2) I know a crypto bank that asks to see the trade history of how you purchased your Bitcoin

The market treats both scenarios differently, not only in terms of choosing the transaction, but also in price

So yes, Bitcoin is fungible enough to be money, but also yes, UTXOs are not 100% fungible because of what I’ve seen in the market place

Mises would agree I feel

Does it stop the adoption of Bitcoin? No. Can people do KYC or no-NYC? Yes.