Replying to Avatar Saberhagen The Nameless

Sorry, you call Monero a shitcoin all you want, but wont change that Bitcoin is not fungible. How can money with unique histories be fungble? Keyword in the definition of fungibility is "indistinguishable"

>"Privacy and scalability were sacrificed for security and reliability."

I understand and that is fine, but that is the tradeoff it makes.

Fedimint privacy/funigbility is good, but is custodial so is not a full replacement for Monero. Also a rehypothecation risk from the mint. Although I hear El Sirion is working on something to address that.
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Saberhagen The Nameless 2y ago

"In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of whose parts are ***indistinguishable*** from any other part"

"A fungible asset is interchangeable and ***indistinguishable*** from another asset of the same type"

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Since the transparency and immutability aspects of Bitcoin are foundational and mutually exclusive to privacy and fungibility, I don't see L1 ever changing that. You can build those things on L2 /L3 but **not without** compromising L1 core value props. And we see that with things like Fedimint, Liquid, and Lightning.

That is fine I hope Bitcoin succeeds, because ultimately all I care about is freedom money, but until then Monero will be useful for filling the gap currently missing from it.

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