HanShan on Nostr: the point is that it is possible to differentiate between utxos of the same 'value' ...

the point is that it is possible to differentiate between utxos of the same 'value'

IOW, 'value' is not the only characteristic of a new utxo.
Because the ledger is transparent, 'history' is also communicated.

And because their 'history' is not the same, utxos of the same 'value' are nonfungible.
by definition.

yes and *then* people can make whatever decisions they want.

but we have decided that
"fungible"
means that units of equal size cannot be differentiated from each other.

and bitcoin is not that.