With the existing crypto primitives you can’t have sound money and fully private UTXO set
Discussion
This ^^^
UTXO?
Why so?
Without fungibility (in the real world, not just at the protocol level) you can't have sound money, period.
Privacy is a prerequisite to that fungibility.
You mean salability, not fungibility.
WHat is the difference? I only know fingibility as 1 Monero is the same as this other 1 Monero
Still don't understand why sound money is impossible with fully private UTXO set yet.
No, I do mean fungibility. mutual substitution. interchangeable. 1 BTC =/= 1 BTC many examples.
Would they trade 1 "clean" bitcoin for my 1 "tainted" history bitcoin? Probably not.
Yet another great article from Seth. This answers a lot of my #fungibility questions. Be curious to see if he updates this with info regarding ordinals.
Taking a read now
That was a good read