ManyKeys on Nostr: - Bitcoin: individual coins can face extraprotocol discrimination. - Monero: ...
- Bitcoin: individual coins can face extraprotocol discrimination.
- Monero: individual coins resist discrimination, but XMR itself can face categorical discrimination.
And that matters to the meaning of fungibility. Perfect protocol-level indistinguishability doesn't automatically produce economic fungibility if entire markets refuse the asset. Conversely, Bitcoin's observable history doesn't alter the consensus-level equivalence of its units.
There's a fairly deep irony there: #Monero protects fungibility internally by making external exclusion easier; #Bitcoin tolerates external discrimination between coins while making exclusion of Bitcoin itself harder.
Published at
2026-10-09 18:29:56 UTCEvent JSON
{
"id": "1ba0e7823079009f45e1e26401d1475e94f57d23c6d673f198309ca66b56a3eb",
"pubkey": "5143c373df1b548a77d79ec74f27255d129b695b522dfb5bf43498ba4b501df9",
"created_at": 1791570596,
"kind": 1,
"tags": [
[
"t",
"monero"
],
[
"t",
"bitcoin"
]
],
"content": "- Bitcoin: individual coins can face extraprotocol discrimination.\n- Monero: individual coins resist discrimination, but XMR itself can face categorical discrimination.\nAnd that matters to the meaning of fungibility. Perfect protocol-level indistinguishability doesn't automatically produce economic fungibility if entire markets refuse the asset. Conversely, Bitcoin's observable history doesn't alter the consensus-level equivalence of its units.\n\nThere's a fairly deep irony there: #Monero protects fungibility internally by making external exclusion easier; #Bitcoin tolerates external discrimination between coins while making exclusion of Bitcoin itself harder.",
"sig": "44ce616e8bfdade8d3dbc3393c164b6e44dcb7d888d66f8e01c8a8940dc3b38bca3d2a8be28df0bf4100c9f35ac10d63e26dee57d2dbee49ca0271bdb74c961c"
}
