Bitcoin Violates the Principle of Fungibility (Op-Ed)

By April 7, 2015Bitcoin Business

In light of recent events within the bitcoin industry, namely the Evolution Marketplace going up in a burst of flames with customer money, it has become clear that cryptocurrency deviates from traditional money in more ways than initially meet the eye.

Bitcoin, among a slate of other cryptocurrencies, violates the principle of fungibility within money – that is, each coin’s transaction history differentiates them from every other bitcoin in circulation. With the collapse of the […]

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