SaberhagenTheNameless on Nostr: Bitcoin is missing a major property of money. Fungibility. Unique histories can't be ...
Bitcoin is missing a major property of money. Fungibility. Unique histories can't be fungible.
Most Bitcoiners brush this aside. Or just insist it is fungible despite NFTs being made on it's chain.
Gold has a virtually limitless supply and was considered money by civilization for many millennia. So, I'm not sure if your argument is consistent.
Published at
2024-02-13 00:30:43Event JSON
{
"id": "3af0ff298b1adc109b3e9dd75645d9a1a1f2698b2a2378998ad9766c67c9171e",
"pubkey": "af740d198babb8c7b82d0a4718eb354bb3f6af9a98639b85d4a5cf1371caba85",
"created_at": 1707784243,
"kind": 1,
"tags": [
[
"e",
"e8c714c9ca5633bb111a9c1a7a5f3c58fe30a85676ef6620ea983e6bff85287a",
"",
"root"
],
[
"e",
"09bc14366f7c72c65bc9b82fc13254db1eacbaf79af15ea254d6a8ee3a9d7ec1",
"wss://nos.lol/",
"reply"
],
[
"p",
"e80d0f16360c299ecf6c9c325f757a9e0bea051acbf1a5c846079ef33e426ffc"
],
[
"p",
"58ead82fa15b550094f7f5fe4804e0fe75b779dbef2e9b20511eccd69e6d08f9"
],
[
"p",
"e80d0f16360c299ecf6c9c325f757a9e0bea051acbf1a5c846079ef33e426ffc"
],
[
"p",
"086564b2cfcda28a1ea80f8012b6229b9a29f5b8be57e02bb91146af694f9945"
]
],
"content": "Bitcoin is missing a major property of money. Fungibility. Unique histories can't be fungible.\n\nMost Bitcoiners brush this aside. Or just insist it is fungible despite NFTs being made on it's chain.\n\nGold has a virtually limitless supply and was considered money by civilization for many millennia. So, I'm not sure if your argument is consistent.",
"sig": "a91afcf704367507e82a11e2a8102238b7e54c42186c562ef649c1c9b04b848a8c3e8e2fa2f2226635067b8229f78ec3d1ce2465596267934c679e6116aad009"
}