yeah I don't buy it.
who breathes an oxygen atom isnt recorded on a transparent chain.
if you can distinguish, it ain't fungible.
Chainanal is going to map the entire utxo set and assign a risk score to every single one.
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okay I thought about it a little bit more.
I should know better than to be so dismissive of your opinion lol.
Even if chain analysis assigns a risk score to every UTXO, if the market treats them as equivalent, then they are still fungible.
so rather than seeing things as black and white like I was trying to do, we should look at the market dynamics
🙏
Also if it were absolutely fungible (private) then we would enter the outlaw phase much earlier and it would have much less chance of surviving. There would be no market demand for chainalysis because no regulated entity would be allowed to touch it in the first place.
And if it did manage to be successful despite being fully private it would become a victim of its own success because privacy at scale benefits large corrupt groups more than it benefits individuals.
Chainal is meaningless in a p2p economy