#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
hopfield
npub1pl…ex43u
2023-02-15 13:58:19
Author Public Key
npub1plz8ntqzc7v937rx7zn7utr9v8gyjdeq0wshflvp0fhcd75rrkfshex43uPublished at
2023-02-15 13:58:19Event JSON
{
"id": "8ea8b6c66bd583e7fb308b7075ce13c8d303dd73bf9504974bb102982339d7df",
"pubkey": "0fc479ac02c79858f866f0a7ee2c6561d04937207ba174fd817a6f86fa831d93",
"created_at": 1676465899,
"kind": 1,
"tags": [
[
"t",
"fungibility"
],
[
"t",
"bitcoin"
],
[
"t",
"ordinals"
]
],
"content": "#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.\n\nListening 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.\n\nBut according to the ordinals website, all 2.1 quadrillion sats can be identified, numbered and tracked, presumably making them distinguishable (vs. indistinguishable).\n\nWho can provide additional clarity on ordinals and fungibility? Any resources you can point to would be helpful. \n\nReference:\nhttps://docs.ordinals.com/overview.html",
"sig": "27ddee2214c7dc103c861667ac2997d114230b47fceefee9ef667c68b1b5e1c7bb8b2a256068a31c9021c7b0834cb3a7de8c024408c30bb1bee0ea114016d02e"
}