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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.
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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.
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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.