Let's not update the dictionary. For one thing there are many untraceable things that are not fungible, so that definition is insufficient. For another, I don't need to be appeased.
Instead, I would like to ask you some questions. Firstly, have you heard the term "tainted Bitcoin" before? And secondly, is there a notion of fungibility that you actually like?
Yes.
I’ve used bitcoin for many years with 100% success that is fungible enough for me. I understand on a macro level some ppl get into trouble because their coins were used for some illicit purpose. This doesn’t make it non fungible it makes it traceable they are separate things.
If you use cash stolen from a bank heist and you get busted that doesn’t make all cash non fungible.
Do you sell any goods and services using Bitcoin
I don’t sell any goods or services with or without Bitcoin what’s your point?
I've seen posts from merchants who have to worry about what Bitcoin they accept. Are you a merchant?
If I don’t sell good or services then obviously I am not a merchant I have however bought goods and services with bitcoin for years with 100% success if that isn’t fungible then fuck me.
No, there is no need for you to get fucked. It is the merchants who get fucked by the lack of fungibility. The lack of traceability makes Bitcoin a pain for merchants to use, and makes some Bitcoin worth less to merchants than other Bitcoin. As a committed consumer, you are priveleged enough to never have to worry about tainted Bitcoin. And because Bitcoin fanatics hate being reminded of Bitcoin's fungibility, you will prefer to dismiss the experiences of merchants. Am I right?
I’m not denying there are any privacy issues with bitcoin I am denying that it makes it non fungible. If you measure fungibility by the same standard as any other non crypto thing Bitcoin would be considered fungible. And if I use Bitcoin with 100% success it’s a hard sell to say non fungible.
See? You have to ignore the experiences of merchants because you hate the idea of Bitcoin being non-fungible to someone. Traceability and tainted Bitcoin isn't a privacy issue for merchants. It's a fungability issue for merchants. Merchants don't experience these kinds of issues when accepting cash you know.
And you ignore all the successful times it’s used fungible by many users like me all around the world because you hate the idea of it being fungible. Merchants that accept cash worry about counterfeit.
Yes. It is certainly a virtue of cryptocurrency that there is no need to worry about counterfeit money. Why would I hate the idea of Bitcoin being fungible?
your utxos are nonfungible becasue they have a different history than other utxos.
even if they are the same value.
generally, when cash is concerned, ie bank heists
cops will do something (UV ink etc) to make the cash *nonfungible* and identifiable.
Bro oil from different drums has different history’s doesn’t make oil non fungible. Cmon.
dude
this isn't hard. stop being deliberately dense.
if oil or cash was uniquely identifiable and txs recorded on a public ledger anybody with an internet connection could audit,
it wouldnt be fungible either.
we can keep track of the movement of utxos ny default.
nonfungible.
don't overthink it.
