Replying to Avatar Séimí Mac Síomón

In #TheBitcoinStandard, "salability" is defined as "the ease with which a good can be sold on the market whenever it's holder desires, with the least loss in it's price".

I couldn't find an entry for "fungible" in the books index, but in it's most literal sense it means "interchangable".

There is an argument to be made that non-KYC Bitcoin is less salable given that more work is required to sell it on the market, and if it is less salable then KYC Bitcoin, then can Bitcoin even be said to be fungible given this asymmetry?

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Daniel 1y ago

In my mind it’s the tie to the owner that’s the problem with KYC utxos. Bad actors can link utxos to names and addresses and that adds an element of risk to ownership of those utxos. It doesn’t taint them for anyone else. My 2 sats.

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