Discussion
Ideas
Cider9986: Monero has consistently exceeded the rest of crypto in community, integrity to mission, and use-case. True digital cash.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: Monero has done well from the autistic viewpoint of technical accomplishment and crushes most of the competition at meeting the technical goals of Satoshi.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.
wslh: It's not a Monero fault, you cannot be at the same full compliance in most jurisdictions while ensuring full privacy.
Cider9986: For business acceptance, I see how it would be hard if it is impossible to use on a CEX. I think that Haveno/RetoSwap will eventually become the preferred and more convenient Fiat-->Monero method instead of CEXs for the avg user.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.
loloquwowndueo: Pardon, the “autistic” point of view?
Acrobatic_Road: What are they supposed to do? How can they make governments happy without sacrificing privacy?
mothballed: Regulatory capture would be the traditional way
Cider9986: Cash would "fail horribly at meeting the regulatory and political challenges challenges today". And some countries are trying to make it harder to use.
mothballed: Yes but fortunately we have other points of comparison and I was making a relative analysis. Legal vendors who take crypto are more likely to accept even the lower market cap LTC in most cases than XMR. XMR is one of the weakest performers as spending cash on legal goods and service amongst crypto assets of similar financial "weight class."The technical superiority and features on many points seem to be unable to overcome this.
matheusmoreira: > How can they make governments happyThat'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 to 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 a probably good sign that the technology is working as intended. The more angry they get, the more free you are.
mothballed: In this case, I mean a narrowed focus (in this case, on technical qualities) to the point it is maladaptive for the underlying stated goal ("digital cash").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.
matheusmoreira: > regulatory and political challengesNot bending down to the financial arm of warrantless global mass surveillance is a feature, not a bug.> being tradeable on central exchangesCentral exchanges are banks in disguise. They should not exist.
mothballed: A key feature of cash is its ability to pass through and into the KYC/AML panopticon where you can buy things like real estate and heavy capital equipment. If you can't prove chain of custody of source of funds and source of wealth, you're effectively shut off from a wide amount of transactions.At least in the West. If you go to someplace like Dubai it is no problem.
matheusmoreira: > A key feature of cash is its ability to pass through and into the KYC/AML panopticon where you can buy things like real estate and heavy capital equipment.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 wealthYou shouldn't have to "prove" anything. What a bunch of nonsense.
cyberax: Hope it crashes and burns, along with other ransomcoins.
consumer451: Would someone please explain to me the pros and cons of this existing?
estearum: I'm confusedyour argument is that Monero fails at doing a thing that cash also fails at, which is making large purchases without chain of custody/source of funds?
