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I am using it in that manner. Ethereum OFAC compliance is enforced at the protocol level [1] so not all Ethereum are equal. Just like your "drug buy" example, s
by tazu 2y ago
I am using it in that manner. Ethereum OFAC compliance is enforced at the protocol level [1] so not all Ethereum are equal. Just like your "drug buy" example, some Ethereum are tainted. In fact, thanks to the public blockchain, I would argue crypto is far more "non-fungible" than marked cash.
[1]: https://www.mevwatch.info/ https://www.mevwatch.info/
- lagniappe 2y ago> I would argue crypto is far more "non-fungible" than marked cash. There are no shades of fungibility, it's a binary state.
- tazu 2y agoIn general, cash is fungible. You gave an example of a "shade of fungibility" with marked cash used in crimes. Unfortunately, reality is not binary. Ethereum is fungible to the (increasingly small) non-OFAC compliant nodes, but non-fungible to the OFAC compliant nodes.