Daniele
Sun Sep 08 2024
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6 answers
1528
Are physical money and cryptocurrencies fungible?
Are physical money and cryptocurrencies truly fungible? Let's delve deeper. Fungibility refers to the interchangeable nature of an asset, where one unit can be substituted for another of equal value. With physical money, such as cash, we generally accept it as universally fungible, as a dollar bill is interchangeable with another dollar bill. But what about cryptocurrencies? Can one Bitcoin be seamlessly swapped for another Bitcoin, or is there more to it? Considering the unique blockchain technology and the potential for traceability, does this affect their fungibility? Let's explore the nuances and nuances of this intriguing question.
