I’m aware I first saw this years ago. The problem with this “Bitcoin is non fungible” statement is not true. If in fact Bitcoin were non fungible it couldn’t and wouldn’t be used as a medium of exchange AT ALL it wouldn’t work AT ALL. No one would accept a non fungible medium of exchange so the fact that people use it all the time as such proves this statement false. It’s traceability causes payment issues in some cases but this doesn’t make all bitcoin non fungible it’s a ridiculous assertion.
Discussion
Indeed not every single sat actually is tainted, but the fact that SOME are is a real and valid concern. And over the years the quantity of tainted btc will just increase, making the situation worse. Paper over this problem is hypocrisy from BTC maxis
Yes denying there is any concern is just as ignorant as saying it is non fungible.