From: Chaofan Li <li3939108@gmail•com>
To: ZmnSCPxj <ZmnSCPxj@protonmail•com>
Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists•linuxfoundation.org>
Subject: Re: [bitcoin-dev] Blockchain Voluntary Fork (Split) Proposal (Chaofan Li)
Date: Mon, 29 Jan 2018 22:20:35 -0800 [thread overview]
Message-ID: <CANZDnNrQ2K5gMKLNDVoWJZptyVz-kgN-d+LO8fGi1rxw9no9Zg@mail.gmail.com> (raw)
In-Reply-To: <TPisDO8RJhPB6N8hdXNKMdJvWTw3nLycrGPRXPN32Fj9FqqMJ9mEgtiHmqYX5vK9kvCYFtwNkrMGqB2QcuK16CL6Tz8Xb1DcyaNmsJIOSF0=@protonmail.com>
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Hi ZmnSCPxj,
On Mon, Jan 29, 2018 at 9:32 PM, ZmnSCPxj wrote:
>What ensures that a paper money with "10 Dollar" on it, is same as 10
coins each with "1 Dollar" on it?
>This is the principle of fungibility, and means I can exchange a paper
with "10 Dollar" on it for 10 coins with "1 Dollar" on it, because by
government fiat, such an exchange is valid for all cases.
>What ensures that btc.0 and btc.1 are indistinguishable from a human
perception?
This is a good question. Does anyone think about why the bitcoins generated
from different blocks have the same value? Some of them are still
distinguishable ( if they are not combined with others sent out). Would
the bitcoins that can be traced back to the block where it was generated
be worth different from others ? If one day Satoshi released
his/her/their bitcoins , would the bitcoins from the first several blocks
mined by Satoshi be worth more?
I think for fungibility, it is not like either it has fungibility or it has
no fungibility. There should be a value of fungibility (e.g. from 0 to 1)
that can be measured or evaluated.
Chaofan
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next prev parent reply other threads:[~2018-01-30 6:20 UTC|newest]
Thread overview: 8+ messages / expand[flat|nested] mbox.gz Atom feed top
2018-01-23 0:38 Chaofan Li
2018-01-23 4:57 ` Eric Voskuil
2018-01-23 5:47 ` Chaofan Li
2018-01-30 5:32 ` ZmnSCPxj
2018-01-30 6:20 ` Chaofan Li [this message]
[not found] <CALTsm7iyJjQa5rkddZj2jL_BTdGxH+6Xz78Rt0wOqW1OveecHw@mail.gmail.com>
[not found] ` <CALTsm7gQC8RejAhmobzejEoU4T7xLf77Ykk2m0p=Z2=oM2p0Uw@mail.gmail.com>
2018-01-22 19:01 ` Ilan Oh
2018-01-22 19:59 ` Mark Friedenbach
2018-01-22 22:52 ` Eric Voskuil
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