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2023-02-15 12:58:19

hopfield on Nostr: #Fungibility is the property of a good or a commodity whose individual units are ...

#Fungibility is the property of a good or a commodity whose individual units are essentially interchangeable, and each of whose parts is indistinguishable from any other part.

Listening to a lot of #bitcoin podcasts trying to understand #ordinals and their ramifications. Nearly all are saying ordinals don’t affect fungibility, then move the discussion to block size, miners fees, etc. w/o giving any further explanation.

But according to the ordinals website, all 2.1 quadrillion sats can be identified, numbered and tracked, presumably making them distinguishable (vs. indistinguishable).

Who can provide additional clarity on ordinals and fungibility? Any resources you can point to would be helpful.

Reference:
https://docs.ordinals.com/overview.html
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