Can you explain your take here?

Reply to this note

Please Login to reply.

Discussion

even same-value UTXOs are nonfungible if they have different histories.

since UTXOs have unique history they will all be mapped and graded according to arbitrary "risk scores"

nonfungible by definition.

So you’re saying it’s non-fungible in the context of its history? Just trying to wrap my head around this.

i.e. strip its history away from it, is it not the same thing? 1 coin is the same as another coin, etc. The history of the coins is what makes it non-fungible despite the coin being the same?

Without fungibility we turn money into a (social) credit system