"In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of whose parts are indistinguishable from any other part."
Bitcoin has unique histories, therefore is distinguishable from other bitcoin, therefore is NOT fungible.
A wiseman once said: "You don't ask nicely that everyone else not spend your coins; You just protect them using a cryptographic key.
Similarly, you don't ask nicely everyone else not distinguish your monetary units; You just make them *technically* indistinguishable AKA fungible."
https://sethforprivacy.com/posts/fungibility-graveyard/
*Right now* you cannot derive amounts or recievers on Monero. Senders is the weakest layer but is still probabilistic (~6% chance). I can actively probe LN and save that data if I wanted. You think chain analysis and governments are not doing that right now? Those who want to CAN do it. Remember, you brought up onchain vs offchain not me! It is nice to be ephemeral, and I would want both, surely, but I think it makes little difference in practice vs an active adversary. Encryption and ZKPs are more improtant.
How do Bitcoiners become Liquid shills? It is permissioned and trusted. It also only has 1 of 4 of Moneros privacy tech. And no one uses it for good reason! Pathetic anon set too. Far inferior tool for all these reasons.
Phoenix wallet is non custodial, but neither private nor trustless. They say so themselves. You aren't running your own node so naturally this would be the case it shouldn't be surprising.
Ok, ignore Wallet of Satoshi, Chivo, and Bitcoin Beach (the major ones)...But you are right technically! Blue Wallet is not custodial because they ended offering custodial lightning in April! LOL!
https://www.btctimes.com/news/bluewallet-will-no-longer-support-custodial-lightning-wallet-services
From 2020 to 2021, DNMs offering Bitcoin went from 98% down to 91%. Monero jumped from 45% to 79%. I showed you a clear and massive trend. Take a wild guess where things are at now in 2023.
One sat in the network is still worth one sat therefore FUNGIBLE.
*Right now* EVERYONE collects all information on the blockchain for a disaster to happen.
You can connect your own node to BlueWallet. LOL?
I like BTC times too. Here's one link for you:
https://www.btctimes.com/news/the-irs-is-paying-developers-to-crack-privacy-of-lightning-network
Yes, on the protocol 1 btc = 1 btc.
But in the practice, in the real world, where people can discriminate based on visible unique histories 1 btc =/= 1 btc. We live in the real world not on the protocol:
https://sethforprivacy.com/posts/fungibility-graveyard/#the-fungibility-graveyard
How many of those Blue Wallet users do you think run their own node based off that list? Lol. But okay whatever you can have the 100k Blue Wallet downloads. What about the other 1.6 million custodial downloads?
Sorry, this was done a year before Taproot activation. Keep up
I'm not saying people are NOT using custodial #LN wallets. Just pointed that things changed. Triggered much?
"The real world" do you mean fiat gates? I don't live there and you're already second monero shill that cares about the exchanges way too much.
If you're admitting the vast majority of people are using custodial LN wallets, then the vast majority of the LN network isn't private. ...Yes, I am extremely triggered 😂
When did I say anything about exchanges? It's not just about exchanges. Click the fungibility graveyard link and read thru it unless you are scared of the truth. Spooooooky!
If you're admitting the vast majority of people are using centralized exchanges, then the vast majority of the monero network isn't private. - that's exactly what you're saying.
What the real world means for #Bitcoin if not fiat gates??
