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SubjectiveReality
replied 2180d
How so? How are you defining 'fungible'? It already is by the standard economic definition https://en.wikipedia.org/wiki/Fungibility
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2,780
replied 2180d
Fungibility in my book means no coins are less valuable than each other. For example, a coin shouldn't have it's value obviated because an exchange doesn't like a transaction.
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replied 2180d
Like @Bryce kinda hinted at, really just the elimination of the concept of dirty/tainted currency.
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SubjectiveReality
replied 2180d
I didn't know exchanges did such things, but still no different than usd or other fiat really
replied 2180d
Try sending your coins to LocalBitcoins or any gambling site. Coinbase will ban your account for TOS violations. They watch your money, after it leaves their exchange.
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2,163
replied 2180d
Of course, they could easily track it through 2nd wallet, but how many degrees of separation then? If you send to a legit biz who then sends to banned biz, are you culpable?
replied 2180d
That’s worse then the banks
replied 2180d
Hadn't heard about this. Investigated & apparently if you send directly from your coinbase acct to one of these groups, you'll get flagged, not if you send to a personal wallet 1st.
SubjectiveReality
replied 2180d
Interesting. Thanks.
minkaminka
replied 2180d
Exchanges need to figure out how to manage decentralized excahnges.. currently all good exchanges are centralized.. so they can do whatever. But the tech behind it isn't good enough.
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567
replied 2180d
Not different from fiat, no. But certainly different from Monero and other coins with working privacy implementations.
replied 2180d
Since BCH uses a public ledger, the gov could track if I illegally bought cocaine and the BCH I used could be considered "dirty" by other people. Short explanation.
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John_Doe
replied 2180d
But what about coin mixers wont that sort out the problem?
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2,234
replied 2180d
Yes and no. With Monero, it seems protocol level privacy is the superior solution. As evidenced by this thread however, the first step is to get the community to actually care.
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1,052
replied 2180d
Yes. Coin-shuffle is an extra step, but it is available right now. Guessing that, in time, periodic shuffling is going to be a built-in feature in most decent wallets.
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546
replied 2180d
Memo has some privacy features on the distant roadmap and integrating coin-shuffle (or something similar) is definitely being considered.
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John_Doe
replied 2180d
What if i sell bch for monero on an exchange and transfer the monero to another exchange and buy bch with it. That should work?
replied 2180d
Most likely, but we shouldn't have to exchange between Monero just to get private BCH. That's the problem.
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En Fri Mand
replied 2180d
I think the problem would be that another person has your dirty coins after the mix.
replied 2180d
if some of my coins get `dirty`, i think i will be tempted to send 666 satoshi to all BCH addresses i can locate #fuckThePolice
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En Fri Mand
replied 2180d
Personally I would say dirty = good (freedom) , so I would send 888 satoshis for Jesus Christ instead. The police and the state = the beast 666
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SubjectiveReality
replied 2180d
In that case USD and every fiat lacks fungibility because of "civil asset forfeiture"
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