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{{ | {{def|Fungible|/fʌnʤəbl/|adj|}}In all respects other than its most basic [[ontology]], identical. For all intents and purposes, entirely interchangeable, but not the same thing. In the context of [[securities]], being of the same issue, and having the same securities identification number. Distinct instruments that are nevertheless indistinguishable in legal and economic terms. The same, but not, if you see, the ''same''. | ||
There are great divides in the bedeviling [[pedantry]] of law, between things that are the ''same'' but somehow, over a period of time, ''different''; things that are ''different'' but nonetheless at a given point in time, the same; and — in recent days — things that don’t exist at all, but being unique representations of that nothing on a [[blockchain]], in a [[Cartesian]] sense ''do'' exist, but weakly, and only along the very single fragile dimension that they are [[ontologically]] distinct. [[Amend]]ment describes that first class; [[fungibility]] the second; credulous gulls the third. | There are great divides in the bedeviling [[pedantry]] of law, between things that are the ''same'' but somehow, over a period of time, ''different''; things that are ''different'' but nonetheless at a given point in time, the same; and — in recent days — things that don’t exist at all, but being unique representations of that nothing on a [[blockchain]], in a [[Cartesian]] sense ''do'' exist, but weakly, and only along the very single fragile dimension that they are [[ontologically]] distinct. [[Amend]]ment describes that first class; [[fungibility]] the second; credulous gulls the third. | ||