Bitcoin's fungibility graveyard
The author of this article minsunnderstinds what fungibility means. '<p>Fungibility does not mean non-unique or non-traceable.<p>Fungibility means that a given asset is legally identical to all other instances of the same thing.<p>For example, every $20 bill and every share of Apple stock has a serial number that uniquely identifies it, but that uniqueness is legally irrelevant. You broker has no obligation to give you a specific share of stock nor your bank a specific $20 bill. Financial securities are fungible.<p>Bitcoin is fungible.<p>== Edit:<p>Commentators are confusing fungibility and traceability. They are very different concepts. Non Fungible Tokens are just as traceable as Bitcoin, but they are non-fungable.<p>I wrote a detailed article about this [1] a few weeks ago if you want to gory details.<p>[1] <a href="https://www.disruptingjapan.com/what-three-card-monte-can-teach-you-about-nfts/" rel="nofollow">https://www.disruptingjapan.com/what-three-card-monte-can-te...</a>