Will Litecoin be delisted from exchanges because of MWEB (Mimblewimble)?

Lite Diss
1 min readMar 17, 2021

I will write more about this on my this new Medium, but by now I only have some draft. This ‘darknet coins’ problem’ is precisely the problem that I want to address with my articles.

Exchanges will not only trade a ‘fungible’ coin like Litecoin, but they need this property more than all the other hyped DeFi or NFT properties.

Like Bitcoin, before mass adoption, fungibility will start restrict to some ‘ilegal’ circles. But as the contamination of non-fungible coin grows, there will be the need to solve this problem.

Exchanges are not immaculate. Bitfinex/Tether controversy showed this to the general public.

After the contamination of the coins and the growth of scandals, how can an exchange trust another exchange? How can they be sure they are not getting tained coins? Who will pay when someone gets a ‘dirt’ coin? Can they pass it along?

This is precisely why the exchanges need the fungible property, after-all the precious merchandise that they sell is money itself.

Fungibility will be, on the near future, the most pro-eminent way that exchanges will be able to accept coins, even when they are exchanging between themselves. Because they are not only exchanging, they are battling for the coins.

--

--