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But remember that Fungibility is relative because digitally the movement of USD is traceable. And all physical USD are marketed with serial numbers. Money laund
by dagaci 7y ago
But remember that Fungibility is relative because digitally the movement of USD is traceable. And all physical USD are marketed with serial numbers. Money laundering is a huge part of the financial system where $100 will be sold for $50 for the purpose of obtaining "clean" money, or where vast amounts of artificial work is expended for the purpose of funnelling cash into the mainstream. Thus $100 is not always worth $100.
- village-idiot 7y agoThat’s a fair point, but even still there is a massive gap between the fungibility of USD and art. Assuming all your money is clean, there’s literally no difference between any two given dollars. High value art on the other hand is at most produced in limited editions, and a lot of the super high value stuff is literally unique.