Serial numbers on the notes still don't show you exactly who has held them and transferred them.
Cash offers privacy and thus fungibility.
You can't track a paper trail of cash bills the same way you can track sats via a blockchain.
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Good points. It would be great if Hive could solve the problem of fungibility, especially since it's not a privacy coin. If Hive can do this, word will get around. The next few years will definitely show a need for this niche to be filled.
Most of the coins are worried about adding a privacy layer because it makes them "unregulatable".
But we are that anyway so have nothing to lose lol.
I'm not sure of the technicalities or alternatives, but I'd like to see it talked about!