I think you have explained this clearer than anyone as yet on steemit. A very good read and I wish you did an in-depth regarding the steem coin also.
RE: On Fungibility, Bitcoin, Monero and why ZCash is a bad idea
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On Fungibility, Bitcoin, Monero and why ZCash is a bad idea
Steem uses aliases and all balances are public. Needless to say I'm not a big fan of this approach.
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