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I don’t think you quite understand. One ounce of gold or one bitcoin is indistinguishable from any other, i.e. fungible. Also, limited in number and scarcity o
by jabits 3y ago
I don’t think you quite understand. One ounce of gold or one bitcoin is indistinguishable from any other, i.e. fungible.
Also, limited in number and scarcity only partly define value. In addition to these properties, other people must agree with you.
If your flat rocks are scarce and people want to invest in them, by all means…
- 0x0 3y agoOne bitcoin is very much distinguishable from another bitcoin as they can be traced through transactions and wallets, with the outcome that some bitcoins might be rejected by recipients that are uncomfortable with certain source wallets or mixers.
- fragmede 3y agoThere's no way for a wallet to block incoming transfers. If someone sends Bitcoin to an address, the transfer will be processed by the network.
- 0x0 3y agoYes but you could refuse to deliver whatever the sender is paying for. I mean you need to wait for 6 confirmations or whatever anyway before "approving" the payment transaction.