Fungibility - Bitcoin Wiki

Mimblewimble

Mimblewimble is the name of a [whitepaper](https://download.wpsoftware.net/bitcoin/wizardry/mimblewimble.txt) published in 2016 by pseudonymous contributor. The paper proposes a radical restructuring of the Bitcoin protocol in order to massively improve privacy and scalability of the digital currency. It is named after the Tongue-Tying Curse in Harry Potter because it aims to prevent users from saying too much about their transactions.
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WasabiWallet

This sub is created to facilitate the customer support for Wasabi Wallet. Wasabi Wallet, formerly known as HiddenWallet is a ZeroLink compliant Bitcoin wallet. We are dedicated to restoring Bitcoin's fungibility and provide the highest possible privacy for our users. To report a bug, please visit: https://github.com/zkSNACKs/WalletWasabi/issues/
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Monero Community Activists

A meeting place for Monero community activists. Put your talents to use by sharing the word of Monero!
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Peter Schiff on Gold Fungibility (and Bitcoin)

Peter Schiff on Gold Fungibility (and Bitcoin) submitted by RenegadeMinds to Anarcho_Capitalism [link] [comments]

Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility

Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility submitted by belcher_ to Bitcoin [link] [comments]

SuperAsset: A Fungible-Token (FT) standard for assets and smart contracts powered by Bitcoin Script and enforced by miners via the normal UTXO consensus rules at the base layer.

submitted by Deadbeat1000 to bitcoincashSV [link] [comments]

Extensive and well written high level design for CoinSwap transactions to improve Bitcoin privacy and fungibility by Chris Belcher

submitted by nullc to Bitcoin [link] [comments]

Bitcoin CoinSwap Implementation EXPLAINED | This Will Massively Improve Bitcoin Privacy and Fungibility

Bitcoin CoinSwap Implementation EXPLAINED | This Will Massively Improve Bitcoin Privacy and Fungibility submitted by YourBabyWhale69 to Bitcoin [link] [comments]

[bitcoin-dev] Design for a CoinSwap implementation for massively improving Bitcoin privacy and fungibility

submitted by geonic_ to Monero [link] [comments]

Do coinjoins and mixing up coins solve the fungibility issue that Bitcoin has?

submitted by nerviosus to Bitcoin [link] [comments]

Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility

Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility submitted by WookieWonders to CryptocurrencyFinance [link] [comments]

[bitcoin-dev] Design for a CoinSwap implementation for massively improving Bitcoin privacy and fungibility

submitted by gambpang to chibitdevs [link] [comments]

Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility

Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility submitted by Keljona to u/Keljona [link] [comments]

Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility

Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility submitted by Blanc_Mining to u/Blanc_Mining [link] [comments]

Design for a CoinSwap Implementation for Massively Improving Bitcoin Privacy and Fungibility (by Chris Belcher)

submitted by neonzzzzz to joinmarket [link] [comments]

Debunking the myth of Fungibility in Bitcoin vs other anonymous coins.

So I keep hearing this argument that several anonymous coins ("anoncoins" from now on for simplicity) are better than Bitcoin because they are fungible and Bitcoin is not. Let's try to understand more about this claim.
Let's define fungibility first: Fungibility means the property of an item to be exchangeable with another item of the same kind.
Let's make a simple example: diamonds. Diamonds are not fungible at all, every diamond has a different cut and different purity. It is very hard to exchange a diamond for another diamond of the same weight (carat).
Moreover, certain diamonds may have an additional value on top of their intrinsic properties, for example a diamond that once belonged to Napoleon would probably go for a premium just by the fact that it was owned by Napoleon.
This very last point is exactly what many anoncoins supporters have been pointing out to justify their claim that Bitcoin is not fungible. Indeed, every bitcoin or part of it, is traceable, which means you can track down all the transactions from the block that originated that bitcoin to the current block.
According to anoncoins supporter, this makes every bitcoin different from any other bitcoin, making it not fungible. While with anoncoin, since the transaction history is obfuscated or not existent at all, every coin is same as another one of the same kind and therefore anoncoins are fungible.
So here the question is: does anyone think that a bitcoin or part of it would not exchangeable with exactly the same amount of bitcoin, based on its transaction history?
Let's keep out extreme cases, ie the very first bitcoin mined which would be like a collectible, and think about real life cases:
Do you think that a bitcoin that in his history passed by the hands of a criminal, or was stolen from an exchange, would not be exchangeable for another bitcoin coming out fresh from the miner?
My answer is NO, it would still be exchangeable. but I am open to listen to what the community has to say to try convincing me I am wrong.
submitted by locationseven to Bitcoin [link] [comments]

What is Fungible Money? Why is it important and what does it look like on the Bitcoin and Monero blockchain? | Clearwater-Trust.com

What is Fungible Money? Why is it important and what does it look like on the Bitcoin and Monero blockchain? | Clearwater-Trust.com submitted by in_the_soup to clearwater_trust [link] [comments]

Prominent Bitcoin maximalist Trace Mayer slams coin joins, opt-in privacy, and Bitcoin fungibility.

Adam Meister: People keep talking about coin join stuff, you think it's a good practice, is it sustainable?
Trace Mayer: I don't know, how do you know that you're not coin joining with a terrorist or someone that's trying to evade sanctions, then those bitcoins you try to move them into your exchange account, bad idea.
This is part of the problem with all the smelliness to Bitcoin, having that immutable record, that immutable blockchain. Usually the people who want to do the coin join, they have bitcoins that have a lower value than the "clean Bitcoin" and so they want to transfer value from the clean Bitcoin to the dirty Bitcoin. That's why they want to do the coin join. So if they can find people that want to coin join for free, they are able to get that value transferred to them.
So one, I think you're giving up value for free if you've got the clean Bitcoin. If you've got the dirty Bitcoin, you want people to be transfer the value to you. [...]
That's another problem is that coin joining is opt-in so not everyone is doing it. Because of that, you have some problems. It's a lot easier to find the 3 people wearing a mask than if everyone is wearing a mask.
I just don't know that it's the best idea to be coin joining. It's a lot of brain damage to have your accounts shut down. Especially when they've been AML and KYC'd properly. Eventually you might find yourself black balled from all the exchanges. Why'd you do that? What benefit did you get out of that coin join? Was it really worth the cost?
I got my clean bitcoins and I'm able to move them in and out of exchanges. I've never had any problems from any of the exchange compliance officers. I pay my taxes. I'm in a very defensible position. I don't have to explain some transaction with a who-knows-who.
Minor edits for clarity. Full podcast episode: https://www.podbean.com/ea/dir-rq5m7-76d714e Quoted section begins at 50:18.
submitted by XMR2020 to Monero [link] [comments]

What is Fungible Money? Why is it important and what does it look like on the Bitcoin and Monero blockchain? | Clearwater-Trust.com

What is Fungible Money? Why is it important and what does it look like on the Bitcoin and Monero blockchain? | Clearwater-Trust.com submitted by in_the_soup to clearwater_trust [link] [comments]

@Bitcoin on Twitter: "... Who really wants privacy and fungibility in #Bitcoin anyway? There are plenty of altcoin options already."

@Bitcoin on Twitter: submitted by Egon_1 to btc [link] [comments]

What is Fungible Money? Why is it important and what does it look like on the Bitcoin and Monero blockchain? | Clearwater-Trust.com

What is Fungible Money? Why is it important and what does it look like on the Bitcoin and Monero blockchain? | Clearwater-Trust.com submitted by in_the_soup to clearwater_trust [link] [comments]

“Where Bitcoin is headed in 2020 and beyond”, according to John Newbery, Core dev. Fungibility seems to be a top priority.

“Where Bitcoin is headed in 2020 and beyond”, according to John Newbery, Core dev. Fungibility seems to be a top priority. submitted by geonic_ to Monero [link] [comments]

How to create and use Non-Fungible Tokens (NFTs) on the Bitcoin Cash (BCH) blockchain using the Simple Ledger Protocol (SLP)

How to create and use Non-Fungible Tokens (NFTs) on the Bitcoin Cash (BCH) blockchain using the Simple Ledger Protocol (SLP) submitted by MichaelTen to Bitcoincash [link] [comments]

Winklevoss Twins: Bitcoin is a better version of gold, which means that apart from being limited in supply, it is better at fungibility, portability and divisibility than gold itself

Winklevoss Twins: Bitcoin is a better version of gold, which means that apart from being limited in supply, it is better at fungibility, portability and divisibility than gold itself submitted by himadri-saha to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Debunking the myth of Fungibility in Bitcoin vs other anonymous coins.

The following post by locationseven is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7skn4y
The original post's content was as follows:
So I keep hearing this argument that several anonymous coins ("anoncoins" from now on for simplicity) are better than Bitcoin because they are fungible and Bitcoin is not. Let's try to understand more about this claim.
Let's define fungibility first: Fungibility means the property of an item to be exchangeable with another item of the same kind.
Let's make a simple example: diamonds. Diamonds are not fungible at all, every diamond has a different cut and different purity. It is very hard to exchange a diamond for another diamond of the same weight (carat).
Moreover, certain diamonds may have an additional value on top of their intrinsic properties, for example a diamond that once belonged to Napoleon would probably go for a premium just by the fact that it was owned by Napoleon.
This very last point is exactly what many anoncoins supporters have been pointing out to justify their claim that Bitcoin is not fungible. Indeed, every bitcoin or part of it, is traceable, which means you can track down all the transactions from the block that originated that bitcoin to the current block.
According to anoncoins supporter, this makes every bitcoin different from any other bitcoin, making it not fungible. While with anoncoin, since the transaction history is obfuscated or not existent at all, every coin is same as another one of the same kind and therefore anoncoins are fungible.
So here the question is: does anyone think that a bitcoin or part of it would not exchangeable with exactly the same amount of bitcoin, based on its transaction history?
Let's keep out extreme cases, ie the very first bitcoin mined which would be like a collectible, and think about real life cases:
Do you think that a bitcoin that in his history passed by the hands of a criminal, or was stolen from an exchange, would not be exchangeable for another bitcoin coming out fresh from the miner?
My answer is NO, it would still be exchangeable. but I am open to listen to what the community has to say to try convincing me I am wrong.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

ZeroLink ~ The Bitcoin Fungibility Framework Liberty, Egality, Fraternity (or fungibility) and Bitcoin ... Bitcoin Q&A: How is fungibility tied to privacy? - YouTube Fungibility - Comparing US Dollar vs Bitcoin vs Epic Cash Bitcoin & Litecoin and Fungibility

Bitcoin’s Attack Vectors: Fungibility. Matt ฿ Follow. Dec 10, 2018 · 4 min read. When attempting to define the characteristics that make a currency ‘functional’, Aristotle settled on five ... Maintaining bitcoin’s fungibility is arguably a necessity for bitcoin to achieve one of its core value propositions: freedom. Bitcoin is the currency of the internet, and the internet is, or should be, free and global. Not all countries have the benefit of a strong and stable financial system or a trustworthy government. When privacy is eroded, so is freedom of speech and association. We ... So fungibility is something we’re fixing in Bitcoin because what it does is, it helps everybody, the innocent, the well-meaning, the people who pay taxes and want to educate their children and feed their children, and buy homes and cars and operate in society, protect their privacy from predators, from corporations, from tyrannical governments, from oppressive governments. So we need to do ... Fungibility – why Bitcoin or Ether aren’t the most democratic currencies yet. Dick Olsson Economics November 5, 2017 April 8, 2018 3 Minutes. Fungible currency is, or must be, a cornerstone of a democratic and free society. In this blog I will explore what a fungible currency is and why Bitcoin and Ether currently are lacking in this respect. What does “fungible” mean? Goods or items ... Fungibility is a property of money and commodities. It means that each unit can be exchanged for each other unit. Fungibility is very important for Bitcoin. Every satoshi should be equivalent to every other satoshi. Using techniques such as CoinJoin and CoinSwap can really help with long term fungibility of bitcoin. In 2018 OFAC added 2 bitcoin addresses on a sanction list. If this practice is ...

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ZeroLink ~ The Bitcoin Fungibility Framework

#fungibility #cryptosharq #epiccash This is the beginning of the journey through the world of crypto and fintech. While fungibility is an essential property of good money, Bitcoin has its limitations in this area. Numerous fungibility improvements have been proposed; however none of them have addressed the ... https://bitcoin.fr/andreas-m-antonopoulos-a-paris/ http://www.merkleconference.com/ Organisée par Eureka certification en partenariat avec l’ECE Paris la Mer... This video is unavailable. Watch Queue Queue. Watch Queue Queue Fungibility is simply that it doesn't matter where any given unit of currency came from; one unit is worth as much as any other unit. For example, it doesn't...

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