I guess encryption shouldn't exist because cybercriminals use it to communicate privately. Privacy is a human right, and payments are essential to modern life.
Also, good luck on "crash and burn", Monero has been going steady, being the most freedom protecting crypto, for 12 years, celebrating its 12th birthday two days ago.
[1] My emotional reaction to your comment, https://xmrbazaar.com/, https://monerica.com/
Cider9986•2h ago
FCMP++ upgrade will be huge for sender privacy bringing Monero's technical strength in line with ZCash.
The new site[1] looks great as well; it was funded by the CCS.
[1] https://getmonero-redesign-impl.vercel.app/
mothballed•1h ago
They've failed horribly at meeting the regulatory and political challenges of being tradeable on central exchanges and as a result has met weak acceptance from crypto-friendly legal vendors making it harder to use as actual digital cash.
Cider9986•1h ago
Overall though I would even prefer to use a stable than a bank or fiat p2p app to send money.
>They've failed horribly at meeting the regulatory and political challenges of being tradeable on central exchanges and as a result has met weak acceptance from crypto-friendly legal vendors making it harder to use as actual digital cash.
Despite this, everywhere it is accepted, it becomes the largest marketshare crypto payment method, excluding whales.
Acrobatic_Road•1h ago
mothballed•1h ago
matheusmoreira•54m ago
That's the wrong question. Nobody cares how the elites in the government feel. They exist to serve us. That is the only reason they have any power at all.
The right question is: how can we make it mathematically impossible for the government to oppress us in any way, regardless of how much they seethe and rage about it? Their happiness does not matter. In fact their anger is probably a good sign that the technology is working as intended. The angrier they get, the freer you are.
loloquwowndueo•1h ago
mothballed•57m ago
A survey of cryptocurrencies showed monero has failed to achieve this goal of being a superior form of digital cash, relative to most other crypto currencies in similar 'weight class' of market cap and years available. This failure isn't technical, it's due to relative weaknesses in the realms of politics and soft social influence. Even the lower market cap LTC is more accepted as 'cash' by most legal vendors.
hypeatei•1h ago
That's a good signal that the privacy guarantees are real, no? It's no secret that the main use-case for crypto is skirting the legal system; I'm not sure I understand this desire to make it anything bigger than that. For example, it's extremely hard to Be Your Own Bank because one mistake means you've just lost all your funds whether it's from a scam, malware, or losing your wallet seed phrase. Large amounts of people "being their own bank" by putting their life savings into crypto would be a disaster.
Cider9986•1h ago
mothballed•1h ago
The technical superiority and features on many points seem to be unable to overcome this.
matheusmoreira•58m ago
Not bending down to the financial arm of warrantless global mass surveillance is a feature, not a bug.
> being tradeable on central exchanges
Central exchanges are banks in disguise. They should not exist.
mothballed•47m ago
At least in the West. If you go to someplace like Dubai it is no problem.
matheusmoreira•44m ago
My country is in the process of criminalizing the purchase of real estate with cash. Laws have been proposed to that end. Politicians have also proposed restricting the amount of "unexplained" physical cash the population is "allowed" to hold.
This is your future if you don't resist.
> If you can't prove chain of custody of source of funds and source of wealth
You shouldn't have to "prove" anything. What a bunch of nonsense.
GolfPopper•48m ago