<s​yntheticbird:monero.social> It's impossible. Atomic swap rely on the cryptographic properties of the participating blockchain or its scripting capabilities to achieve this unbreakable *swap or refund*. CBDC (digital currency) do not have such system, is completely different (not blockchain based), inaccessible from the outside of bank world.

<j​effro256:monero.social> > Fungibility means one item such as a dollar bill is worth the same amount to someone else.

<j​effro256:monero.social> This is not correct. Fungability does not mean that an object is worth the same amount to someone else. It means that two objects of the group can mostly be treated as interchangable, which gives the two objects the same value to a given person, but that value can be different from person to person.

<j​effro256:monero.social> > Precious metals such as gold and silver are also fungible because one ounce of gold or silver is equal to another ounce of gold or silver. Monero is also fungible because 1 XMR equals exactly 1 XMR, you can not tell the difference between my Monero and your Monero due to the privacy features of Monero such as ring signatures, ring confidential transactions (RingCT), and stealth addresses.

<j​effro256:monero.social> The title of the article is "What is Fungability?". I would expand on what fungability entails in day-to-day life to give readers an intuitive sense of what it is since you just supplied the definition. The phrase "1 XMR = 1 XMR" doesn't mean much to someone who doesn't already get fungability, and might even get confused at the usage of this phrase in a fungability context, since<clipped message>

<j​effro256:monero.social> it usually is meant present the argument that the market price of that asset denominated in a fiat currency doesn't matter. For example, Person A might say "Oh no XMR's price is down 80 cents today! How do you feel about this?" To articulate that the speculative price doesn't matter, Person B may retort with "1 XMR still equals 1 XMR". However, here, you're using it to emphasize <clipped message>

<j​effro256:monero.social> Monero's fungability.

<j​effro256:monero.social> > ... that an address receives or sends This means if the Bitcoin came ...

<j​effro256:monero.social> Needs a period between "sends" and "This"

<j​effro256:monero.social> > While with Monero, an address has no history.

<j​effro256:monero.social> Addresses do not have history, but there is a transaction historical graph (albeit very complex and intertangled)

<j​effro256:monero.social> > When using Monero, it is important to use a different Monero’s subaddresses each time you send or receive Monero.

Gold is not fungible btw

It was made artificially non-fungible

All gold bars are numbered and stamped, and you can't simply sell a gold bar without proper stamps on it

<a​remor:matrix.org> What directory?

<s​yntheticbird:monero.social> I think he is relating to the [SimpleX Directory](simplex.chat/docs/directory.html)

Yeah. The link is in the paste though

<h​orixon:monero.social> can someone add our turkish monero room to the monero space? #monero-turkce:monero.social

<d​iego:cypherstack.com> ofrnxmr your monero.social account has been unbanned from this room

<d​iego:cypherstack.com> Contribute positively, please.

<d​iego:cypherstack.com> And everyone please remember. Be excellent to each other!

"From Prototype to Marketplace: Maturing the XMR-BTC Atomic Swaps Ecosystem" has 10 updoots and my concerns where replied to in the comments. This seems to be a huge shift in community sentiment as it is currently ready to be merged repo.getmonero.org/monero-project/ccs-proposals/-/merge_requests/477

<r​brunner7:monero.social> Personally I struggle to see a "huge shift in community sentiment". Yes, there was an earlier denied request #355, but I see some important differences between that and the new one. And wasn't one of the "heaviest" arguments against #355 "Why this, as we will already get Farcaster, which is better than COMIT tech"? Surprise! It seems Farcaster went the way of the Dodo. Wasn't awar<clipped message>

<r​brunner7:monero.social> e, and asking myself "How the f*ck did *that* happen?", but seems to me that changes a lot of things.

i think basicsapdex built off of the tech behind farcaster for bi-directional swaps. not certain though. farcaster ccs was completed and we got an MVP web ui, which i tested as working (as an MVP with a few issues here and there) but the team sought no further funding for developing that

<b​tclovera:matrix.org> Ok ok 🆗

<o​frnxmr:monero.social> @plowsof, bsx's bidirectional swaps are based off of adaptor sigs, not htlc CryptoGuard: can probably go into more detail

<p​lowsof:matrix.org> thanks for clearing my misconception up, that changes alot for me in terms of clinging on to farcaster. it is infact that protocol which is abandonware compared to comit 😮

<s​yntheticbird:monero.social> farcaster, the failware

<3​21bob321:monero.social> What level of excellence do we need?

<s​yntheticbird:monero.social> excellent question

Farcaster was supposed to be picked up by people and fleshed out as it supposedly had more potential

But alas there was silence

<C​ryptoGuard:matrix.org> Yes correct, the bidirectional XMR swaps use adaptor signatures and the bidirectionality more specifically is thanks to how messages (offers and request for offers) are broadcasted via the SMSG network. We didn't build BasicSwap from Farcaster.

321bob321, are there levels of excelence?

Is it not an all or nothing question?

<C​ryptoGuard:matrix.org> For those curious about checking out how the implementation is structured, we've got diagrams that detail the flow here: github.com/basicswap/basicswap/tree…/basicswap/static/sequence_diagrams

<C​ryptoGuard:matrix.org> Reverse adaptor signature swap diagram (offerer perspective): github.com/basicswap/basicswap/blob…diagrams/ads.rev.offerer.xu.min.svg

<C​ryptoGuard:matrix.org> Same, but from the perspective of the bidder: github.com/basicswap/basicswap/blob…_diagrams/ads.rev.bidder.xu.min.svg