So is cash non fungible you can’t melt cash down it bursts into flames every time I try this? 💵 🔥
Discussion
both cash and gold are fungible. bitcoin is not fungible, monero is
Cash can be traced so by your definition it is not fungible
That's why criminals in movies always ask for non sequential unmarked bills
The fungibility of cash relies on the expectation that serial numbers largely aren't logged when money transfers ownership. Each bitcoin basically has a serial number and a transaction history attached to it. There are no unmarked bills.
This is simply wrong. There is no “each Bitcoin “ - there are UTXOs which are combined and recombined. Sometimes traceable sometimes not ( if by traceable we mean tied to an identity)
That's relatively new and not because they are being spent more frequently day to day than a lower denomination. They sit in foreign banks mostly.
> Not exactly. While overall demand for US currency is indeed on the rise, most $100 bills are held abroad. According to the Federal Reserve Bank of Chicago, nearly 80 percent of $100 bills—and more than 60 percent of all US bills—are overseas, up from roughly 30 percent in 1980.
Lol I'm using a concept know as analogy
This guy gets it
The most common paper bill is the US $100