round and round we go.
so when someone sends “dirty” bitcoin, to an address with “clean” bitcoin, how does the balance show up in a wallet?
it adds it all together, yes? one balance.
pointing to a UTXO to say that makes it unfungible is smuggling in subjective preference in an objective analysis
Like saying this clean 5 dollar bill in my wallet is not fungible with the dirty 20 in my wallet.
“this is not that” therefore not fungible is incoherent
i think we squeezes any and all value out of this back and forth.
I do thank you for highlighting the distinction between sat and utxo. I was using them interchangeably 🤣 and they are non fungible