2026-03-10T11:02:56Z https://yabu.me Fungibility Graveyard https://yabu.me/npub12enccr468rfwv8vye28zvz8kajmsda8pf4pju8sdwpcmc6p6gnps0ajf7u https://cdn.nostrcheck.me/0f77727a50648983a0721e8309d6adee03153d987e19db2a54e6e9166ce1e2e6.webp https://cdn.nostrcheck.me/0f77727a50648983a0721e8309d6adee03153d987e19db2a54e6e9166ce1e2e6.webp https://yabu.me/nevent1qqswl5xedwwlz7utvsk0a7amdrsmf02k56pqkfcwcy80zuyhsa403tqzyptx0rqwhgud9esasn9gufsg7mktwph5u9x5xts7p4c8r0rg8fzvxrawzmk Non fungibility + permission = CBDC<br/><br/><a href="https://stables.rip/">https://stables.rip/</a><br/><br/> 2026-03-23T11:16:07Z https://yabu.me/nevent1qqsdtuuv6yg9tnjzxvjrmu0ll9nardan6jtwhnj4gcw8lgvau3syd2szyptx0rqwhgud9esasn9gufsg7mktwph5u9x5xts7p4c8r0rg8fzvxz8hgs8 In reply to <a href='/nevent1qqst522dwqy2jwh37cy9remv299hjgyn2ylmu8kh6h3jmf0c6mf0d5gpzamhxue69uhhxetpwf3kstnwdaejuar0v3shjtcu4ptmr'>nevent1q…ptmr</a><br/>_________________________<br/><br/>Because privacy enables fungibility, and fungibility is a fundamental property of good money? When units of money can’t be traced or judged by their history, they remain interchangeable and that’s what makes money work. 2026-03-11T10:35:03Z https://yabu.me/nevent1qqsrrqsre0vmaldp2xzq9zfy0sr87wcfevq53luty5jng0wrjqxv45czyptx0rqwhgud9esasn9gufsg7mktwph5u9x5xts7p4c8r0rg8fzvx0g74wv According to KYC.rip, roughly 1 million USD in stablecoins on the two largest networks, Ethereum and Tron, have been frozen every day on average since 2020. Pace is accelerating. 2026-03-11T10:10:13Z https://yabu.me/nevent1qqspyd8klm4zjzrmtv9u7x4vhxaj9l3hx0pkmu3yz06r68dsht9a7hszyptx0rqwhgud9esasn9gufsg7mktwph5u9x5xts7p4c8r0rg8fzvx2kagrz The Stablecoin Graveyard by <span itemprop="mentions" itemscope itemtype="https://schema.org/Person"><a itemprop="url" href="/nprofile1qqs8msv07rhv2amsfvachhuvsh3su0y4wwfe6t40urpnrhqckdups8s0eu6up" class="bg-lavender dark:prose:text-neutral-50 dark:text-neutral-50 dark:bg-garnet px-1"><span>XBToshi</span> (<span class="italic">nprofile…u6up</span>)</a></span> is a reminder of how bad things have already become. 2026-03-11T09:24:30Z https://yabu.me/nevent1qqsqg6rluucnt2qz8nf7p2xn5lenw848f0c46ypjm3d828vq6xmt6jgzyptx0rqwhgud9esasn9gufsg7mktwph5u9x5xts7p4c8r0rg8fzvxp358x9 Fungibility means that each unit of something is interchangeable with any other unit of the same thing.<br/><br/>For example, if you borrow 10 USD from a friend, they don’t expect the exact same bills back. Any 10 USD will do. Cash is fungible because every dollar is treated the same as every other dollar.<br/><br/>If some dollars were refused because of where they were used before, those dollars would no longer be equal. When that happens, your money loses fungibility because some units are treated differently than others. 2026-03-10T15:50:38Z https://yabu.me/nevent1qqs973wtfjvgwfdaa3evsujsrwgrwjx7a53544t39jc62h4p28ke3kqzyptx0rqwhgud9esasn9gufsg7mktwph5u9x5xts7p4c8r0rg8fzvxyac24q No better way to start this account than with a philosophical question: can fungibility truly exist? What if perfect fungibility is impossible? If fungibility is supposed to be a fundamental property of money, what does that mean? Is true money impossible or is fungibility simply a matter of degree?<br/> <img src="https://blossom.primal.net/366401ce6950464f1315a9e36fa2a6e731a30114877b558cc77bd12a5b557485.png"> 2026-03-10T15:42:55Z https://yabu.me/nevent1qqsflfczh76a3cj5nv37nzalrs7ggtq9uawux8t6qe03f7pzdheqelqzyptx0rqwhgud9esasn9gufsg7mktwph5u9x5xts7p4c8r0rg8fzvx44ttk8 New account documenting fungibility failures in Bitcoin and other cryptocurrencies. 2026-03-10T10:50:02Z