Makes no sense why Bitcoin would be at B on fungibility with Gold at an A
Discussion
thats right, its a mistake in the slide
I'm not sure if it really is so fungible. Individual UTXOs can be tracked and "blocked", if you transfer through controlled entities
Not sure that’s the argument I’d make. A good counterpoint would be utility of UTXOs holding a small number of coins and the inability to transfer on layer 1 with fees that outweigh the amount. But I think that’s too nuanced a point (a counterpoint to that would be layer 2s) for this kind of course. In the abstract, it’s perfectly fungible and much moreso than gold