Fungibility - Revision history

Belcher: Add link to Adam Back's 2016 talk

2020-12-13T10:56:00Z

Add link to Adam Back's 2016 talk

← Older revision		Revision as of 10:56, 13 December 2020
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	* [[Privacy]]		* [[Privacy]]
	* [[Transaction surveillance company]]		* [[Transaction surveillance company]]
			* Adam Back's talk at Scaling Bitcoin 2016: https://milan2016.scalingbitcoin.org/transcript/milan2016/fungibility-overview and https://www.youtube.com/watch?v=8BLWUUPfh2Q&feature=youtu.be&t=500

	[[Category:Privacy]]		[[Category:Privacy]]

Belcher: Added few words about why its important

2020-12-12T16:56:03Z

Added few words about why its important

← Older revision		Revision as of 16:56, 12 December 2020
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	'''Fungibility''' is a property of money and commodities. It means that each unit can be exchanged for each other unit. Fungibility is very important for Bitcoin. Every satoshi should be equivalent to every other satoshi.		'''Fungibility''' is a property of money and commodities. It means that each unit can be exchanged for each other unit. Fungibility is very important for Bitcoin if it is to be a good form of money. Every satoshi should be equivalent to every other satoshi.

	~~Using techniques such~~ as [[~~CoinJoin]] and [[CoinSwap~~]] can ~~really~~ help with long term fungibility of bitcoin.		If one can meaningfully distinguish one coin from another, then the fungibility of the money is weak. If fungibility is too weak in practice, then bitcoin cannot be decentralized: if someone important announces a list of stolen coins they won't accept coins derived from, you must carefully check coins you accept against that list and return the ones that fail. Everyone gets stuck checking blacklists issued by various authorities because in that world we'd all not like to get stuck with bad coins. This adds friction and transactional costs and makes Bitcoin less valuable as a money.

			Better [[Privacy]] in bitcoin can help with long term fungibility of bitcoin.

	~~In 2018 OFAC added 2 bitcoin addresses on a sanction list. If this practice is continued and enforced it could really harm fungibility.~~

	== Related ==		== Related ==
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	* [[Privacy]]		* [[Privacy]]
	* [[Transaction surveillance company]]		* [[Transaction surveillance company]]

	~~{{stub}}~~


	[[Category:Privacy]]		[[Category:Privacy]]

Belcher: Add to category privacy

2020-06-19T11:49:41Z

Add to category privacy

← Older revision		Revision as of 11:49, 19 June 2020
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	{{stub}}		{{stub}}


			[[Category:Privacy]]

Furunodo: OFAC not FATF

2020-06-17T21:56:36Z

OFAC not FATF

← Older revision		Revision as of 21:56, 17 June 2020
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	'''Fungibility''' is a property of money and commodities. It means that each unit can be exchanged for each other unit. Fungibility is very important for Bitcoin. Every satoshi should be equivalent to every other satoshi.		'''Fungibility''' is a property of money and commodities. It means that each unit can be exchanged for each other unit. Fungibility is very important for Bitcoin. Every satoshi should be equivalent to every other satoshi.

	~~The FATF has already marked some~~ bitcoin ~~addresses on a blacklist<!-- is this word still ok now? lol -->~~.		Using techniques such as [[CoinJoin]] and [[CoinSwap]] can really help with long term fungibility of bitcoin.

	~~Using techniques such as [[CoinJoin]]~~ and ~~[[CoinSwap]] can~~ really ~~help with long term~~ fungibility ~~of bitcoin~~.		In 2018 OFAC added 2 bitcoin addresses on a sanction list. If this practice is continued and enforced it could really harm fungibility.

	== Related ==		== Related ==

Furunodo: stub

2020-06-17T21:51:33Z

stub

New page

'''Fungibility''' is a property of money and commodities. It means that each unit can be exchanged for each other unit. Fungibility is very important for Bitcoin. Every satoshi should be equivalent to every other satoshi.

The FATF has already marked some bitcoin addresses on a blacklist.

Using techniques such as [[CoinJoin]] and [[CoinSwap]] can really help with long term fungibility of bitcoin.

== Related ==

* [[Privacy]]
* [[Transaction surveillance company]]

{{stub}}