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afaik fungibility usually deals with the value of monetary units with most else being equal.
My $20 bill may buy more than your $20, all costs considered, if you are geographically farther from where we might spend $20. Or your $20 bill might be worth more if people near you want dollars more than people near me. Does that make $20 nonfungible?
I think fungibility is more of an abstract thing, and I suspect there's a name for the property where fungible goods are valued differently depending on the context.
Fungibility means a consumer doesn't care which unit he receives. Oil isn't fungible because it's worth the same amount everywhere, it's fungible because I don't care which barrel I receive (provided it's the grade and quality specified yada yada yada).
If I care which sats or which $20 I'm receiving in trade, then they are not fungible. If I don't care, then they are.
Fungibility is indifference and indifference is a property of individuals, not a property of goods.
If I care which sats or which $20 I'm receiving in trade, then they are not fungible. If I don't care, then they are.
The rational buyer cares about which path he pays and the rational seller cares about from which channel he receives.
it's fungible because I don't care which barrel I receive
Fungibility is indifference and indifference is a property of individuals, not a property of goods.
Fungibility is not subjective. Oil is fungible because the hydrocarbons are identical, not because of your apathy.
Fungibility is not subjective.
All values are subjective and fungibility is a property of consumer valuation. The hydrocarbon mixtures in oil are not identical. They're close enough for the purposes of the consumer.
I suspect you're impervious to reason or evidence, but here you go. It took like three seconds to look this up for you.
Does that make $20 nonfungible?
What if it does? In your example you say all else being equal and then you suggest that a dollar spends differently depending on your distamce from the buy (something not being equal).
Maybe yours is the pre-information-economy perspective? Distance shouldnt matter if the money isn't physical.
Distance matters for physical money, and digital distance may matter for digital money, but afaict that has nothing to do with fungibility. It's related in some sense, but it's kind of like calling a mentally disabled adult a child, or a smart child an adult.
Is onchain bitcoin not fungible if both hot wallets and cold wallets exist?
I think the relevant monetary property is portability.
Do lightning channel fees contradict the fungibility property of money? Why or why not?