4 ms·
useful? not really, unlike money it requires digital equipment, bitcoin is NOT fungible (each bitcoin is uniquely identifiable and can be separated, isolated an
by lingben 13y ago
useful? not really, unlike money it requires digital equipment, bitcoin is NOT fungible (each bitcoin is uniquely identifiable and can be separated, isolated and even removed from circulation and it is not 'easily transferrable' (a bitcoin transaction takes several hours until it is confirmed)
- crystaln 13y agobitcoins are definitely fungible. They are interchangeable, of equal value, and sub-dividable. Fungibility does not require that all parts be identical, only of equal value and utility. Also, regardless of whether you find bitcoin useful, clearly others do. And several hours for confirmation of a borderless, nearly fee-less, irreversible financial transaction certainly falls with the bounds of "easily transferrable" for me. I'm not really sure what the point of your contrarian position is. Seems just that... contrarian.