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bitcoins are definitely fungible. They are interchangeable, of equal value, and sub-dividable. Fungibility does not require that all parts be identical, only o
by crystaln 13y ago
bitcoins 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.