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14803727 No.14803727 [Reply] [Original]

Bitcoin will most likely never have fungibility
>but we will add privacy on layer two

Privacy features on an inherently transparent chain will invariably have weaker properties than privacy features on an inherently opaque chain such as Monero. In addition, any privacy feature that is getting implemented will be optional. History has shown us that features that are optional will not get any traction, as people are lazy and will opt for the default, which is transparent transactions in case of Bitcoin.

Furthermore, fungibility (which is an essential property of sound money and ensures the concept of taint does not exist) can only be achieved with privacy by default. Given that Bitcoin's current narrative is to never hard fork again (unless emergency hard fork), I deem it quite unlikely that Bitcoin will ever have proper default privacy or fungibility.