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Neal

I walk step by step in my book.

But fungiblity is a material attribute of money, so it admits of more or less.

it’s ok to say gold isn’t perfectly fungible.

the point is dollars are more like gemstones than gold.

btc achieves maximal fungiblity

ede3d957... 5mo ago 💬 2

You are a good example that one can have good points and still draw faulty conclusions.

BTC is transparent. You can tie/ID everything on it.

Monero is the fungible money you were looking for all the time. If you let go off your maxi ideology like so many before you, you'll able to see it as well.

Both Bitcoin and Monero are complimentary, but they achieve different objectives. Try to only use Bitcoin in your life. Go to the dark avenues a challenge your beliefs. If you haven't has an account or payment frozen it only tells me that you are not using it enough. Try to use it for everything and draw your fungibility conclusions from there.

In other words put yourself in the shoes that walked this path before you. Like many earliest Bitcoiners that found out on their way that Bitcoin is not enough - some of them the hard way.

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Discussion

Neal 5mo ago

Fungiblity is interchangeablity, which is different from being perfectly identical, which is also different than being perfectly private.

I understand the block is transparent.

Quite simply, those privacy issues are solved on other layers.

TCP/IP isn’t stupid because there isn’t a VPN integrated into it. The VPN just sits ontop.

General compute proof of work is a huge security risk.

Privacy on the base layer of money puts cart before the horse.

ede3d957... 5mo ago

VPN and Tor are a good example. Both are bandaids for a flawed system and its transfered data leaks.

Look at Reticulum. You can do it the right way and encrypt the baselayer so you have no leaks to higher levels.