XMR is fungible, and bitcoin laid the foundation for that. IMO Bitcoin is just the entry point, like the ENIAC.
There is not one entity that controls Bitcoin, thus it is centralized. You can argue about degrees of decentralisation, but it is simply far more decentralised than FIAT.
You’re creating an impossible standard, a logical fallacy. Dollars can also be tainted with serial numbers, get damaged, be marked with colors.
Again, your argument only consists of logical fallacies.
Re:Is Bitcoin Down or Just Me?
by matheusmoreira on Tuesday January 11, 2022 @06:52AM
(#29890381)
No. It is absolutely centralized. To discover who's really in control of bitcoin, all you have to do is propose an upgrade that improves network but reduces miner profits.
This is not an impossible standard nor is it a fallacy. Either it's decentralized or it's not. Either it's fungible or it's not. Bitcoin is neither.
Mining is completely dominated/centralized by ASIC farms run by huge mining cartels.
Also, buying Bitcoin from someone else inherits that coin’s entire history. If those coins were stolen at some point you could become liable. Bitcoins are non-fungible.