Damus

Recent Notes

Ben Justman🍷 · 8w
More of a raw wine guy myself
nostrich · 26w
https://i.postimg.cc/8cXCHRKX/core-clown-devs.png https://i.postimg.cc/zf8gVvyH/lopp-ordinals-runes-spam.jpg
kc · 27w
I wish I could be this precise when typing!!!!!! Great job #runknots
MineBTC · 28w
You can verify tohe history of any utxo. That's how it's done. And before calling anyone names, be open and try and understand others' perspective. I had a umiversity professor, much more knowladgeabl...
Chuckin Bitcoin profile picture
The definition of Fungible has nothing to do with governments. A government can make all holders of gold coins criminals (6102) but that does not mean gold is no longer fungible. The existence of a tiny market based on a subjective observation does not make something not fungible. 99.999% of all Bitcoin trades give no premium to KYC or non KYC. They regard KYC and non KYC UTXOs at the same value. Just like a dollar might have a small print error and be worth a lot more in a super niche collectors group doesn't mean every single person accepting dollars will know and recognize this premium value. No, they don't give a damn because it's fungible and it's an interchangable dollar and only worth a dollar to 99.999% of the network.
❤️1
MineBTC · 28w
Shouldn't the fact that this market exists alert us though? I learned at BTC++ in Riga that the ability of the NSA to analyse data far outweighs our capacity to produce it. I agree with you today, but although we're talking in absoluts, we are really thinking about the futur. When nostr:nprofile1qqs...
ynh · 28w
Sorry. I cannot agree. Each satoshi carries an history. And it is trivial to verify it: Identifying ang tracking any unit of satoshi can be done with ease: this makes bitcoin non fungible. It is fun...
Chuckin Bitcoin profile picture
Go read the defintion of Fungible then come back. It has nothing to do with tracking, tainting, marking, or subjective observations. There are no low satoshis or high satoshis or red satoshis or blue satoshis or tainted satoshis. There are only Satoshis which are ALL equal and interchangable with no difference realized on the Bitcoin network. Every transaction melts Satoshi's, not just coinjoins. Coinjoins only purpose is to obfuscate address ownership. This has nothing to do with fungibility. Don't trust me though, go look up the definition of fungible. It is not possible to identify and block any satoshis.
1❤️1💯1
nostrich · 28w
Amen to that brother 🤙
ynh · 28w
Sorry. I cannot agree. Each satoshi carries an history. And it is trivial to verify it: Identifying ang tracking any unit of satoshi can be done with ease: this makes bitcoin non fungible. It is fungible, any thing, when it is not possible to tell apart an item from another of the same species. O...
ynh · 28w
Sorry to say that, buy bitcoin is not fungible as long as it is possible to mark and track any single satoshi unit. Solutions, like coinjoin, were thought as a solution to this "Achilles' heel".
Chuckin Bitcoin profile picture
Bitcoin is fungible. Nodes do not care about marked/tracked satoshis. Every Satoshi is valued the same by the Bitcoin Network. Any transaction you make can not be blocked. A particular person/exchange can "freeze" your account/relationship with them but that has nothing to do with fungibility. That's like saying the dollar is not fungible because I won't accept cash or because I know you got it from a drug lord. The rest of the network doesn't give a shit and will accept it.
1❤️1
ynh · 28w
The fact that anyone, or everyone, accepts a non-fungible item regardless of its being tainted or not does not make it fungible.