Topic: Do you think Bitcoin is fungible? - page 4. (Read 592 times)
Fungibility by law means a commodity or a product that is replaceable by another item similar to the commodity or product. Bitcoin is fungible and can be bought. Bitcoin has all the characteristics of what we can described as fungible. This should not be about tainted coin or comparing it with monero. This should not even be a matter of argument.
I want to get an answer to this question from the community of Bitcoin.
The opinions on fungibility go like this:
I'm personally on the latter group. Third parties can treat them however they like. They're just losing me as client. Decentralized solutions treat all coins equally, as they should.
In the Monero community, there is a prevailing perspective that due to these businesses, Bitcoin is not fungible, and Monero is. My question is: have you ever paid a business that buys the "taint" nonsense with Monero? Does it make any sense to enforce this BS while accepting a completely private currency that you cannot track? In my view, if a business performs blacklists on my bitcoins, it absolutely doesn't accept Monero. You either accept both Bitcoin and Monero as fungible, or you blacklist the former and delist the latter (due to your inability to track it).
The opinions on fungibility go like this:
- No: Many places buy the "taint" nonsense and treat bitcoins unequally. Therefore, you might be discriminated based on your coins' history.
- Yes: No matter the history, 1 BTC = 1 BTC, always. The protocol doesn't treat them differently, and we shouldn't interact with businesses that enforce this "taint" notion, which is evidently based on inaccurate fallacies.
I'm personally on the latter group. Third parties can treat them however they like. They're just losing me as client. Decentralized solutions treat all coins equally, as they should.
In the Monero community, there is a prevailing perspective that due to these businesses, Bitcoin is not fungible, and Monero is. My question is: have you ever paid a business that buys the "taint" nonsense with Monero? Does it make any sense to enforce this BS while accepting a completely private currency that you cannot track? In my view, if a business performs blacklists on my bitcoins, it absolutely doesn't accept Monero. You either accept both Bitcoin and Monero as fungible, or you blacklist the former and delist the latter (due to your inability to track it).
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