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RE: Do we understand Steem's fungibility?
You know it's funny, every time I hear the word fungibility my eyes glaze over because even though I know what it means i'm not quite sure what it means in a given context. Why is that word important specifically in this context?
I also agree that it's easy to confuse the token with its market value and that distinction seems to stir things around in any economic discussion.
But at the end of the day, you're absolutely right that there needs to be buyers and sellers constantly trading even if just as an evaluation of the platform.
...and...
Down with toxicity!
hellz to the yeah!