3 ms·
> by negating the fungibility of money, undermines its usefulness. I wonder how you could model that. And as a corollary, how to monitor the effect in the real
by olefoo 8y ago
> by negating the fungibility of money, undermines its usefulness.
I wonder how you could model that. And as a corollary, how to monitor the effect in the real world?
- CryptoPunk 8y agoLoss of fungibility has implications for liquidity, and through its centralization of power / creation of information asymmetries, rent-seeking and public choice theory. Maybe these effects could be modelled. I imagine monitoring it could be difficult because the presence of fungibility implies non-traceablility/privacy, meaning observation changes the phenomenon, sort of like the measurement problem of quantum mechanics.