Bitcoin's fungibility graveyard
The author of this article minsunnderstinds what fungibility means. 'Fungibility does not mean non-unique or non-traceable.Fungibility means that a given asset is legally identical to all other instances of the same thing.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.Bitcoin is fungible.== Edit: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.I wrote a detailed article about this [1] a few weeks ago if you want to gory details.[1] https://www.disruptingjapan.com/what-three-card-monte-can-te...