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by otterley 203 days ago
Fungibility and traceability are orthogonal. Equities markets transactions are highly traceable and also highly fungible.

Bitcoin's fungibility is limited by its incredibly slow transaction speed. (This is true of all cryptocurrencies AFAIK -- even the fastest ones that are only capable of 100K TPS at best.)
2 comments
otterley 203 days ago
Correcting myself: I said "fungible" but meant "liquid." Bitcoin is reasonably fungible today, though not as easily as fiat currency. Traceability hasn't done much to reduce Bitcoin's fungibility AFAICT.
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fruitworks 203 days ago
Equities markets don't have to deal with "tainted" transactions, because every transaction is like a government-approved deed or title transfer.

Bitcoin's transaction rate is artificially limited.

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