I definitely understand your view on crypto, and I hate to be an apologist, but here’s a view you may not have considered:
I think mainstream society has gotten far too comfortable with the lack of privacy in our everyday lives, and this extends to finance. A company has no business tracking the data about my purchases, let alone selling it. The government doesn’t need to know everything I spend money on either.
As with most topics relating to privacy, it’s not that I worry about what I have to hide. I worry about your intention with that information. As one example, if I were needing to buy Plan B for an emergency contraceptive, there is a not insignificant portion of our government and the general population that frowns on that, and could paint me as a target in the future if it was known.
The problem is that crypto is not untraceable like it’s fans want to push. There have been multiple instances of it being tracked back and traced, by private individuals and law enforcement. It’s just debit card processing with extra steps and massive drain on resources.
Monero exists and is constantly being improved in that regard. And even traceability aside, you’re forgetting one massive usecase: unlike debit cards, its usage cannot be denied or restricted.
lol wat? I don’t know of a single local establishment that accepts Monero (or any other crypto) as payment (not saying it doesn’t exist, but it if so they are exceedingly rare). Seems pretty restricted to me. They also don’t seem to accept caps, eddies, gold, or spetims oddly enough.
I definitely understand your view on crypto, and I hate to be an apologist, but here’s a view you may not have considered:
I think mainstream society has gotten far too comfortable with the lack of privacy in our everyday lives, and this extends to finance. A company has no business tracking the data about my purchases, let alone selling it. The government doesn’t need to know everything I spend money on either.
As with most topics relating to privacy, it’s not that I worry about what I have to hide. I worry about your intention with that information. As one example, if I were needing to buy Plan B for an emergency contraceptive, there is a not insignificant portion of our government and the general population that frowns on that, and could paint me as a target in the future if it was known.
Not mine. Classic Murica problem, I suppose?
The problem is that crypto is not untraceable like it’s fans want to push. There have been multiple instances of it being tracked back and traced, by private individuals and law enforcement. It’s just debit card processing with extra steps and massive drain on resources.
Monero exists and is constantly being improved in that regard. And even traceability aside, you’re forgetting one massive usecase: unlike debit cards, its usage cannot be denied or restricted.
lol wat? I don’t know of a single local establishment that accepts Monero (or any other crypto) as payment (not saying it doesn’t exist, but it if so they are exceedingly rare). Seems pretty restricted to me. They also don’t seem to accept caps, eddies, gold, or spetims oddly enough.
Local establishments can use cash, so this is not a problem. Problems with cash begin when you try to pay, say, for a domain, or a server.