3 ms·

so much for decentralization...

• arcticbull 5y ago
  1 BTC = 1 BTC, how much USD each one is worth varies due to its inherent lack of fungibility. 1 BTC is better thought of as a booster pack of 100,000,000 NFTs.
  • arcticbull 5y ago
    Curious the downvotes, the thread is discussing how the prior history of a bitcoin can cause it to be worth less in some contexts. The different value of the same asset based on its history is the definition of non-fungible in the classical sense. If one satoshi can be "tainted" by its history it is not equivalent to any other satoshi. Lack of equivalence = non-fungible. Now Zcash and Monero would be fungible.
    • mousepilot 5y ago
      Glad it was still dark enough to read, I had no idea some lumps of bitcoin are worth less because of a wallet they touched. Thats an incredible flaw, and really a big downside of bitcoin.