News for hackers. Stuff that matters.

A comment on Show HN: Lightning Network Search and Analysis Engine. Parent comment

Re:Show HN: Lightning Network Search and Analysis Engine by dane-pgp on Friday March 02, 2018 @05:08AM (#16500329)
"Fungible: being something (such as money or a commodity) of such a nature that one part or quantity may be replaced by another equal part or quantity in paying a debt or settling an account"

That definition doesn't mention provenance, even if I concede that something can't be "more (easily) determined" or "less (easily) determined".

My point is that if 99% of debts can, in practice, be paid (or transactions made) without either party paying any attention to the provenance of the coins, then the coins are fungible.

If there were reports of a significant number of a people being unable to transact because their bitcoins were blacklisted, then I would believe that bitcoin is significantly less fungible.

Whether that lack of fungibility is more significant than Monero's differing level of merchant adoption (for which I also don't have statistics) is then another question that a user has to weigh up.

[ Parent | on HN ]
Re:Show HN: Lightning Network Search and Analysis Engine by hndamien on Friday March 02, 2018 @05:51AM (#16500503)
It would be very unfortunate to be in that 1%, particularly if the implications were dire economically or for liberty. 1% is an enormous percentage. I personally wouldn’t even settle for 0.1%.
[ Parent | on HN ]