Why Monero Is the Amazon of Crypto

The Fungibility Dilemma

I used to work for one of those cash for gold places. It paid minimum wage and I had to deal with a lot of slimy characters. I was usually on autopilot. The days blur together explaining to people the difference between gold and gold plated. Sorry, sir, we cannot buy your collection of motherboards because the process of extracting what little gold they may or may not contain is extremely expensive. I found myself channeling my inner Peter Gibbons.

I did learn a little about gold bullion. To be exact, not all gold coins are equal. For example, American Gold Eagles are worth more than Canadian Gold Maple Leafs. At first, sounds odd because both coins contain the same amount of gold. The price difference comes from the premium associated with different coins. In the end, some coins are just more desired than others.

The same principle can be applied to crypto.

When you send Bitcoin or Litecoin, you generate unspent transaction outputs. On a transparent ledger, these outputs can be used to trace transactions all the way back to the block they were mined. In the future, as the process for charting these…