people who don’t want banks and governments tracking their purchases
Bitcoin ain’t it, bit privacy coins like Monero exist and tend to not have as much fraud spam since they don’t have as many crazy spikes. I want Monero to be a thing because:
low fees, and no foreign transaction fees
privacy, so my bank can’t sell my transaction data to advertisers
fast transactions
I wouldn’t use it for everything since it has no purchase protections, but I’d absolutely use it for a lot of small stuff if it was possible.
How would this even work? You transfer monero to a person in an authoritarian state and then what? What do they do with Monero? You think an authoritarian state is going to allow you to pay for utilities with Monero? Buy food?
Monero doesn’t allow for private transactions as this issue is a social and political problem, not a technology issue.
I wouldn’t be surprised if your transactions would be less private with monero than a bank payment (because of Monero’s unlicensed nature).
And:
For example, think of:
Bitcoin ain’t it, bit privacy coins like Monero exist and tend to not have as much fraud spam since they don’t have as many crazy spikes. I want Monero to be a thing because:
I wouldn’t use it for everything since it has no purchase protections, but I’d absolutely use it for a lot of small stuff if it was possible.
Have to disagree on this one.
How would this even work? You transfer monero to a person in an authoritarian state and then what? What do they do with Monero? You think an authoritarian state is going to allow you to pay for utilities with Monero? Buy food?
Monero doesn’t allow for private transactions as this issue is a social and political problem, not a technology issue.
I wouldn’t be surprised if your transactions would be less private with monero than a bank payment (because of Monero’s unlicensed nature).