🤣 🐕 Building a Stock Appreciation Rights programme for one of my businesses, and I check with Gemini, I'm understanding Fungibility correctly.
The Litmus Test: The "Trade-Back" Rule: The easiest way to understand fungibility is to ask: If I lend this to a friend, do I expect the exact same item back, or just one of equal value?
Fungible: If you lend a friend a $20 bill, you don't care if they give you the exact same bill back (including the serial number). You just want $20.
Non-Fungible: If you let a friend borrow your dog for the weekend, you would be very upset if they tried to return a "different but equal" do. Your dog is unique; it is non-fungible.
Correct... my dog is in fact unique. I would like her back.
