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#fungibility

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Kevin Karhan :verified:<p><span class="h-card" translate="no"><a href="https://berlin.social/@mina" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>mina</span></a></span> <span class="h-card" translate="no"><a href="https://mstdn.social/@Nickiquote" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>Nickiquote</span></a></span> not only that, but anything that even closely resembles <a href="https://infosec.space/tags/cash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cash</span></a> in terms of <a href="https://infosec.space/tags/anonymitiy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>anonymitiy</span></a> anf <a href="https://infosec.space/tags/fungibility" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>fungibility</span></a> like <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Monero</span></a> gets criminalized. </p><ul><li>Not to mention cash just works and IMHO curbing on it's use is inherently bad, to the point that I thing the <a href="https://infosec.space/tags/ECB" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ECB</span></a> should make an <a href="https://infosec.space/tags/ES2" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ES2</span></a> version of the <a href="https://infosec.space/tags/500EuroBanknote" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>500EuroBanknote</span></a> as the rising <a href="https://infosec.space/tags/Greedflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Greedflation</span></a> makes it more <em>"necessary" than before</em>...</li></ul><p>People who argue one doesn't need cash because <a href="https://infosec.space/tags/card" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>card</span></a> and <a href="https://infosec.space/tags/NFC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NFC</span></a> <a href="https://infosec.space/tags/payment" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>payment</span></a> and <a href="https://infosec.space/tags/SEPA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SEPA</span></a> <a href="https://infosec.space/tags/WireTransfer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>WireTransfer</span></a> exist would also argue people don't need <a href="https://infosec.space/tags/PressFreedom" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PressFreedom</span></a> because they can write <a href="https://infosec.space/tags/LettersToTheEditor" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LettersToTheEditor</span></a>... </p><ul><li>TBH I think that cash should be enshrined as acceptable payment methods, as the only exceptions I know [i.e. <a href="https://infosec.space/tags/RealEstate" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RealEstate</span></a> and <a href="https://infosec.space/tags/CarRental" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CarRental</span></a>] are grounded in <a href="https://infosec.space/tags/security" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>security</span></a> concerns: </li></ul><p>Most car rental places don't want to handle cash and demand <a href="https://infosec.space/tags/KYC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>KYC</span></a> for insurance reasons and most banks and notaries (who also have to do KYC &amp; <a href="https://infosec.space/tags/AML" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AML</span></a> anyway!) have less money onsite than the average Supermarket has in a single cash drawer and don't like having that much stuff onsite anyway.</p>
Kevin Karhan :verified:<p>Also repeat after me: <a href="https://infosec.space/tags/MarketCap" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MarketCap</span></a> <a href="https://www.youtube.com/watch?v=sZjcFRdvbjc" rel="nofollow noopener noreferrer" target="_blank">is not a valid indicator</a> for any <a href="https://infosec.space/tags/currency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>currency</span></a>, <a href="https://infosec.space/tags/crypto" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>crypto</span></a> or otherwise!</p><ul><li>The <a href="https://infosec.space/tags/USD" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USD</span></a> has tons of market cap but <a href="https://infosec.space/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> will basically make it worth less than <a href="https://infosec.space/tags/asswipe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>asswipe</span></a> by starting a <a href="https://infosec.space/tags/CivilWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CivilWar</span></a>! </li></ul><p><a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Monero</span></a> however has it's <a href="https://infosec.space/tags/vlaue" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>vlaue</span></a> solely based upon <a href="https://infosec.space/tags/fungibility" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>fungibility</span></a> and nothing else. The devs can't really up the <a href="https://infosec.space/tags/TailEmission" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TailEmission</span></a> and <a href="https://infosec.space/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bitcoin</span></a> with it's finite amount of <a href="https://infosec.space/tags/Coins" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Coins</span></a> will inevitably become even slower and more expensive to use once those are mined.</p><ul><li>Plus <a href="https://infosec.space/tags/ASIC" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ASIC</span></a>|s like those for <a href="https://infosec.space/tags/Bitcoin" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Bitcoin</span></a> are essentially en <a href="https://infosec.space/tags/EnvoirmentalCrime" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EnvoirmentalCrime</span></a> per very concept and produce thousands of tons of 100% avoidable <a href="https://infosec.space/tags/eWaste" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>eWaste</span></a> every year!!!</li></ul><p>Whereas at worst, a <em>"Monerp <a href="https://infosec.space/tags/Miner" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Miner</span></a>"</em> will be just a surplus Server/Desktop that others can put to use ...</p><p>Bitcoin <a href="https://infosec.space/tags/Monero" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Monero</span></a> <a href="https://infosec.space/tags/Cryptocurrency" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cryptocurrency</span></a> <a href="https://infosec.space/tags/CryptoBro" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>CryptoBro</span></a> <a href="https://infosec.space/tags/NotFinancialAdvice" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>NotFinancialAdvice</span></a></p>