Questions tagged [fungibility]
Fungibility refers to the property of individual bitcoin units being interchangeable and indistinguishable. While sats (the monetary unit) themselves are fungible, Bitcoin UTXOs are not.
17 questions
0 votes
1 answer
221 views
Does it affect bitcoin's privacy if I create an explorer that works differently?
Does it affect bitcoin's privacy when I create an explorer that works differently and tracks inputs based on LIFO (Last In First Out)? Does it affect bitcoin protocol's fungibility? Context: FIFO is ...
user133407
4 votes
2 answers
419 views
Does ordinal theory affect fungibility?
I've read the ordinal theory post on Casey Rodarmor's blog and the article by pourteaux and I'm trying to wrap my head around ordinals and what they are exactly. Are ordinals just serial numbers ...
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1 vote
1 answer
81 views
Are bitcoins with more confirmations more valuable?
Are bitcoins with more confirmations more valuable, or does the number of confirmations not add a sort of "time value of money (TVM)"?
- 5,001
2 votes
1 answer
91 views
Will future softforks decrease fungibility?
In potential future softforks e.g. anyprevout or op_ctv, will it be transparent that a transaction uses this newly added feature? Or will it be hiding in a Taproot script and therefore hidden behind a ...
- 721
2 votes
1 answer
165 views
What exactly is a "non-fungible token" and why would anyone care or want one? [closed]
https://en.wikipedia.org/wiki/Non-fungible_token I've read that many times. It makes zero sense to me. (Just like 99,99% of the nonsensical word salad that's said these days.) Okay, so it's some kind ...
- 21
2 votes
3 answers
622 views
Why isn't Bitcoin private by default? [duplicate]
Bitcoin is not fungible...so why haven't the Bitcoin core devs upgraded the protocol to make it private by default?
- 21
1 vote
1 answer
216 views
How to verify virgin bitcoin
I am willing to acquire bitcoin without transaction history (virgin bitcoin) at a premium. How do I tell that the bitcoins I receive do not have any prior transactions (except of the mining one)? What ...
- 113
3 votes
1 answer
134 views
What are some proposed privacy features coming to the bitcoin lightning network?
If I'm correct, a bitcoin sent into a lightning channel technically looks like any Bitcoin transaction. From there if the channel never closes, the Bitcoins can essentially stay in a "locked" state in ...
- 11.1k
1 vote
1 answer
94 views
How much bitcoin is being sent to someone else in this transaction?
From this link which is a bitcoin testnet transaction. How can we be sure that this transaction spent a certain amount of satoshis to an address from another wallet? In this case the transaction is ...
- 113
1 vote
1 answer
175 views
Meaning of "fungibility" in "Zerocash (Zcash)"?
According to the following article, Zcash provide a high level of "fungibility". compared to other crypto-currencies. Article link: https://www.investopedia.com/terms/z/zcash.asp fungibility ...
- 1,186
2 votes
3 answers
230 views
What can be done in order to improve privacy in bitcoin transactions?
Privacy should be default and not an optional property - even when using stealth addresses or confidential transactions, your bitcoin balance and transactions in the wallet are transparent to anyone. ...
- 143
2 votes
0 answers
96 views
Is it possible for a country to control Bitcoin usage? [closed]
Imagine that I run a country named "MyAwesomeCountry". I accept Bitcoin as a currency that can be legally used to buy things and also pay taxes. Then I say that there are some bad guys (let's name ...
- 41
19 votes
6 answers
6k views
Why can't we fight Bitcoin thieves by not accepting payments from hacked accounts?
Why won't we simply stop accepting payments from hacked accounts? We know their public addresses, right? Sure, hackers still will be able to compromise user's accounts, but at last that money won't be ...
- 509
2 votes
1 answer
125 views
Reverse wheresgeorge.com for BTCs
Say I give 1 BTC to Alice who gives it to Bob who gives it to Carol. Can I now figure out that my original BTC is now with Carol? Of course, by Carol I mean an anonymous address. I'm thinking of a ...
- 123
2 votes
1 answer
2k views
"Dirty" Bitcoins/Find Bitcoin origins?
I know that it's possible to sort through the blockchain history for your bitcoins, however it is difficult to trace back your coins to when they were originally mined due to bitcoin mixers. Is it ...
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