Iranus
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December 03, 2017, 01:35:50 PM |
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Well, let's make a comparison with cash as to whether BTC is fungible.
With BTC, currently all known services accept all coins and treat them as having an equal value.
The way that a government or other group could decide to compromise this fungibility is by tracking where the coins go and using blockchain analysis tools to try and report those coins as being owned by criminals. BTC users can subvert this by using mixers and other systems to obscure blockchain analysis, and can often remove the ties between their coins and any shady activity.
With cash, currently all known services accept all cash and treat it as having an equal value.
The way that a government or other group could compromise the fungibility of cash is by marking it to track where it goes, especially when deposited into banks. This is permanent and cannot be removed - you would have to launder your money and get new cash which is unmarked.
So how I see it, BTC is more fungible than cash.
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