public inbox for bitcoindev@googlegroups.com
 help / color / mirror / Atom feed
From: Chaofan Li <li3939108@gmail.com>
To: ZmnSCPxj <ZmnSCPxj@protonmail.com>
Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Blockchain Voluntary Fork (Split) Proposal (Chaofan Li)
Date: Mon, 29 Jan 2018 22:20:35 -0800	[thread overview]
Message-ID: <CANZDnNrQ2K5gMKLNDVoWJZptyVz-kgN-d+LO8fGi1rxw9no9Zg@mail.gmail.com> (raw)
In-Reply-To: <TPisDO8RJhPB6N8hdXNKMdJvWTw3nLycrGPRXPN32Fj9FqqMJ9mEgtiHmqYX5vK9kvCYFtwNkrMGqB2QcuK16CL6Tz8Xb1DcyaNmsJIOSF0=@protonmail.com>

[-- Attachment #1: Type: text/plain, Size: 1105 bytes --]

Hi ZmnSCPxj,


On Mon, Jan 29, 2018 at 9:32 PM, ZmnSCPxj wrote:
>What ensures that a paper money with "10 Dollar" on it, is same as 10
coins each with "1 Dollar" on it?
>This is the principle of fungibility, and means I can exchange a paper
with "10 Dollar" on it for 10 coins with "1 Dollar" on it, because by
government fiat, such an exchange is valid for all cases.
>What ensures that btc.0 and btc.1 are indistinguishable from a human
perception?

This is a good question. Does anyone think about why the bitcoins generated
from different blocks have the same value? Some of them are still
distinguishable ( if they are not combined with others sent out).  Would
the bitcoins that can be traced back to the block where it was generated
be worth different from others ?   If one day Satoshi released
his/her/their bitcoins  , would the bitcoins from the first several blocks
mined by Satoshi be worth more?

I think for fungibility, it is not like either it has fungibility or it has
no fungibility. There should be a value of fungibility (e.g. from 0 to 1)
that can be measured or evaluated.

Chaofan

[-- Attachment #2: Type: text/html, Size: 5925 bytes --]

  reply	other threads:[~2018-01-30  6:20 UTC|newest]

Thread overview: 8+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2018-01-23  0:38 [bitcoin-dev] Blockchain Voluntary Fork (Split) Proposal (Chaofan Li) Chaofan Li
2018-01-23  4:57 ` Eric Voskuil
2018-01-23  5:47   ` Chaofan Li
2018-01-30  5:32     ` ZmnSCPxj
2018-01-30  6:20       ` Chaofan Li [this message]
     [not found] <CALTsm7iyJjQa5rkddZj2jL_BTdGxH+6Xz78Rt0wOqW1OveecHw@mail.gmail.com>
     [not found] ` <CALTsm7gQC8RejAhmobzejEoU4T7xLf77Ykk2m0p=Z2=oM2p0Uw@mail.gmail.com>
2018-01-22 19:01   ` Ilan Oh
2018-01-22 19:59     ` Mark Friedenbach
2018-01-22 22:52       ` Eric Voskuil

Reply instructions:

You may reply publicly to this message via plain-text email
using any one of the following methods:

* Save the following mbox file, import it into your mail client,
  and reply-to-all from there: mbox

  Avoid top-posting and favor interleaved quoting:
  https://en.wikipedia.org/wiki/Posting_style#Interleaved_style

* Reply using the --to, --cc, and --in-reply-to
  switches of git-send-email(1):

  git send-email \
    --in-reply-to=CANZDnNrQ2K5gMKLNDVoWJZptyVz-kgN-d+LO8fGi1rxw9no9Zg@mail.gmail.com \
    --to=li3939108@gmail.com \
    --cc=ZmnSCPxj@protonmail.com \
    --cc=bitcoin-dev@lists.linuxfoundation.org \
    /path/to/YOUR_REPLY

  https://kernel.org/pub/software/scm/git/docs/git-send-email.html

* If your mail client supports setting the In-Reply-To header
  via mailto: links, try the mailto: link
Be sure your reply has a Subject: header at the top and a blank line before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox