JackTheMimic @JackTheMimic - 1d
No, that's not the claim. Fixed supply is necessary for a money to not be debased. That's all. That has proven to be a valued feature. As far as fungibility goes what is the argument? Either a bitcoin is a bitcoin and is worth the same or it's non-fungible because it's auditable or verifiable which one? Dollars have serial numbers and mints. Gold has specific molecules that CAN be serialized and verified as gold. If an asset is "Fungible" to the point of being indistinct, how does one verify supply? Beside ALL of that, fungibility is not an important attribute of a monetary asset. It is superfluous to the function of money. Like the money having a dead president on it or being a rectangle.
Fungibility is superfluous. It has no bearing on the perfect money. This is akin to saying the perfect money would look like a pear or would be able to bounce off of a steel table. Fungibility is unimportant because the previous owners of a money is irrelevant. An ounce of gold owned by a king is not a more or less perfect money because he can have been proven or not to have owned it.
It seems that at every turn you would like to debate facts. I am not really interested in doing that.
You don't debate facts. You debate opinions. Facts are things that exist in reality. Opinions are interpretations of reality. I am fine with facts. I don't care what people use as money. If you look through the thread I spend about 99% of it defining terms that seem to not be clear to the counterpart. I have no Ill will nor do I have an incentive to pump any bags, I am doing just fine with my own financial strategies. I find monero memes funny and you guys fairly smart and privacy conscious people. That being said, I do think that several factors like first mover advantage, network multiplier effects, absolute scarcity, adoption, auditability, and invested capital put Bitcoin in a better position to be a global reserve currency. I've said many times monero is neat. It is just in a very disadvantaged position to become a global reserve. That's all. That last bit is my speculation read: opinion. So you can debate that all you'd like.
You don't debate facts. You debate opinions. As to fungibility you are making a classification error. I can say: "All mammals have a nose." This however does not mean that if an animal has a nose, that it is a mammal. The same goes for money. Many monies have a fungible nature. Not having this feature does not preclude it from being money. However if it is not: Scarce, durable, divisible, verifiable, and portable, it can not be money.
