ASK LEO: HIVE COIN IS "FUNGIBLE"; TO WHAT EXTENT IS THE FUNGIBILITY AND HOW ARE YOU MAKING USE OF THE ADVANTAGES?

almost 2 years ago (Edited)

The term "FUNGIBLE"

As it is usually believed you can't have something valuable if you don't give out something valuable too as exchange and in other for you to get that thing that is valuable you must have something swappable to get you what you want. By doing so, anything we need we must give out something like money or render service to get what we desire. That thing that we want to as swap must be fungible. This means it must be valuable with what you wanted to have or buy. To extent what you wanted to use as substitute fungible with what you wanted to purchase or buy?

What is Fungible?

Fungible is something you are holding can be substitutable, convertible, swappable or interchangeable for goods, commodity or services rendered that you wanted to purchase, buy or pay for with fungible thing at your disposal. It's pleased to say that currency is fungible because of it value which portrays it fungibility. Even the services rendered by an individual is fungible because you are rendering a service that that person can't or don't want to do and wanted you to do it for him or her by paying for the service you must have rendered.

Concept of "Hivecoin and its fungibility and advantages"

So if the physical paper currency is fungible,what makes crypto currency not to be? By that, cryptocurrencies are fungible, crypto coin like Bitcoin,litecoin,ethereum and hivecoin. So hivecoin as one of the the cryptocurrencies that are fungible with it functionality on the hive community blockchain. Hivecoin is fungible because it can be used to trade for physical currency. Also it can be used to trade for goods and services rendered. For example,I sometimes used my hive token to pay for service rendered by individual on this community blockchain. Instead of me to pay with physical paper currency,I payed the person with my hive token. The fungibility of hive coin shouldn't be ignored, you should make use of it functionality.