But it does have the same value to the market, which is where fungibility comes in. If we both put 20 fungible shinies in a pile, mix the pile, and take 20 shinies out, we can be assured we both left with the same value we started. Whether we both pay 20 shinies to G. or I pay 15 and you pay 25, G. has received the same value. This wording leaves an argument that the current owner of a shiny changes its transactional value.
On 05/03/17 11:21, Edward Murphy wrote: > Nicholas Evans wrote: > >> A currency is a class of asset defined as such by its backing >> document. Instances of a currency with the same owner are >> fungible. >> >> >> Implying instances wth different owners aren't fungible? Therefore, they >> aren't guaranteed to have the same value? > > Your shiny doesn't have the same value /to me/ as my shiny, as I can't > direct its usage (or I can only do so via a contract or something). > >
signature.asc
Description: OpenPGP digital signature
