Schmidt on Nostr: Gold is fungible because one ounce of pure gold is indistinguishable from another ...

Gold
is fungible because one ounce of pure gold is indistinguishable from another ounce of pure gold.

Bitcoin
is not fungible because its transaction history is traceable, which makes individual coins potentially non-equivalent due to blacklisting or tainting.

Monero
is fungible because it uses privacy-focused technology to obscure transaction histories, which makes every unit effectively identical.