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Why Monero

benkaiser.dev

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Re: Why Monero

#371

Post by sensei58258 »

__MatrixMan__ wrote: post #166
ahnick wrote: post #16

I'd be curious to hear from Monero fans why one might select it over Zcash? Zcash seems to have stronger security guarantees when shielded transactions are used.

I prefer Zcash's privacy perspective, but one thing I've noticed about using both is the zcash cli wallet is pretty terrible (especially if you're using shielded addresses) and the monero cli wallet is among the most user friendly cli apps that I've ever used. Little touches like that keep making me reconsider the project in a favorable light.

Zcash's privacy perspective seems to be highly flawed because of the way it was implemented though (optional opt-in privacy): https://news.bitcoin.com/not-so-private-99-of-zcash-and-dash... and https://electriccoin.co/blog/new-research-on-shielded-ecosys...

Re: Why Monero

#372

Post by forty »

quantumBerry wrote: post #350
forty wrote: post #346

Earlier quoted context omitted.

Well I would use my personal account for my baguette :) Also I'm not sure she would like my purchasing of cryptocurrency much more ;)

10 years later, wife believes I have acquired a mistress. She files divorce, and my bank statements are entered into the court as part of the divorce proceedings. The baguette vendor I visit every night when i sneak out to buy a baguette happens to be located next to the alleged mistresse's address (wife believes I was banging her and eating baguettes, in reality the only temptress was the baguette's vendor's sweet s…

The main lesson I hear here is "don't get married especially if you are in the US" ;)

In France we are lucky enough to have another kind of civil union which is much less intrusive with what you can do with your baguette ;) and also have no consequences when you end it.

Re: Why Monero

#373

Post by thepra »

melenaos wrote: post #288

I supported monero coin for buying my application, Chordastic. Its almost 6 months and i havent made a singe sale in Monero, but it doesnt matter. Its about widening the purchase power of the coin.

Do you have a guide for such incorporation?

Re: Why Monero

#374

Post by husamia »

habosa wrote: post #223

Bitcoin is totally useless as a currency because it’s slow, has high transaction fees, and easy to trace. So it’s bad for both regular consumers and criminals alike. Monero is a solid improvement because it has low fees (so far) and is very hard to trace. So it’s popular for criminals or intense privacy types. It’s still far too slow and hard to use to ever be accepted in your local grocery store. It’s also hard to b…

you missed the governance, smart contracts bit.

Re: Why Monero

#375

Post by randomhodler84 »

Kbelicius wrote: post #369
lmm wrote: post #366

Earlier quoted context omitted.

> You can get coins in other ways What guarantees that this continues to be true? Yes coins that can't be sold are worthless, but coins that can only be sold with KYC aren't. > We are talking about staking oligopolies not about someone buying 10 dollars worth of coins The staking providers or delegatees are the (potential) oligopolies > I did not mention miners but producers of mining equipment. Those are also anonym…

> What guarantees that this continues to be true? Yes coins that can't be sold are worthless, but coins that can only be sold with KYC aren't. This applies to PoW coins too. Miners can't be anonymous if they want to sell their coins. Why would anybody mine for nothing? > The staking providers or delegatees are the (potential) oligopolies Yes, and miners mine in pools. Why are you not considering pools as (potential)…

I don’t see it worth arguing with you. Your responses are not very friendly. Adding please doesn’t defuse the insults.

Note: I am not the other poster. We just agree that PoS is a sham.

Re: Why Monero

#376

Post by bb88 »

stavros wrote: post #276
bb88 wrote: post #262

Earlier quoted context omitted.

> I think the logical conclusion if you take the opposite stance is that you're against anonymity and/or privacy, though. People are all for anonymity until law enforcement can no longer catch criminals. There's a balance there your statement is lacking. It's kinda like saying if you support anonymity, you must be clearly pro-crime, which I don't think you are. E.g. Banking regulations don't allow banks to publish de…

> It's kinda like saying if you support anonymity, you must be clearly pro-crime, which I don't think you are. I think it's that, if you are pro-catching-crime, you're against anonymity, because that's a prerequisite. If you're for anonymity, you don't have to be pro-crime, because crime isn't a prerequisite for anonymity. > People are all for anonymity until law enforcement can no longer catch criminals. That is cer…

> if you are pro-catching-crime, you're against anonymity, because that's a prerequisite.

I'm not sure it is. It seems to me you can be pro-hoodie without being pro-murder. It also appears that being anti-murder doesn't require you to be anti-hoodie.

> One salient example is the security theater we have to go through in airports since 9/11, which have eroded the liberty of millions of people and have probably caught (or even deterred) zero people.

I won't say the TSA is good at their jobs. But I will say that anonymity ends at the door of an airplane. Now whether the former can do the latter is another question entirely.

Re: Why Monero

#377

Post by stavros »

bb88 wrote: post #376
stavros wrote: post #276

Earlier quoted context omitted.

> It's kinda like saying if you support anonymity, you must be clearly pro-crime, which I don't think you are. I think it's that, if you are pro-catching-crime, you're against anonymity, because that's a prerequisite. If you're for anonymity, you don't have to be pro-crime, because crime isn't a prerequisite for anonymity. > People are all for anonymity until law enforcement can no longer catch criminals. That is cer…

> if you are pro-catching-crime, you're against anonymity, because that's a prerequisite. I'm not sure it is. It seems to me you can be pro-hoodie without being pro-murder. It also appears that being anti-murder doesn't require you to be anti-hoodie. > One salient example is the security theater we have to go through in airports since 9/11, which have eroded the liberty of millions of people and have probably caught…

> It seems to me you can be pro-hoodie without being pro-murder. It also appears that being anti-murder doesn't require you to be anti-hoodie.

I didn't say anything about being anti-murder, though. If you're pro-catching-murderers, you must be anti-hoodie, otherwise you catch fewer murderers.

Re: Why Monero

#378

Post by Kbelicius »

randomhodler84 wrote: post #375
Kbelicius wrote: post #369

Earlier quoted context omitted.

> What guarantees that this continues to be true? Yes coins that can't be sold are worthless, but coins that can only be sold with KYC aren't. This applies to PoW coins too. Miners can't be anonymous if they want to sell their coins. Why would anybody mine for nothing? > The staking providers or delegatees are the (potential) oligopolies Yes, and miners mine in pools. Why are you not considering pools as (potential)…

I don’t see it worth arguing with you. Your responses are not very friendly. Adding please doesn’t defuse the insults. Note: I am not the other poster. We just agree that PoS is a sham.

Maybe I've not been very friendly but I've insulted no one person.

Also it isn't quite friendly to ignore what the person you are arguing with has written or pretending to be two different people in an argument.

Have a nice day.

Re: Why Monero

#379

Post by melenaos »

thepra wrote: post #373
melenaos wrote: post #288

I supported monero coin for buying my application, Chordastic. Its almost 6 months and i havent made a singe sale in Monero, but it doesnt matter. Its about widening the purchase power of the coin.

Do you have a guide for such incorporation?

No, I haven't automate it. I show the price in Monero(get current price through cryptocompare API), I ask a deposit to a specific address and to send me the Transaction ID.

http://www.chordastic.com/Editor/PurchaseMonero

Re: Why Monero

#380

Post by R0b0t1 »

lottin wrote: post #363
R0b0t1 wrote: post #352

Earlier quoted context omitted.

No, they can just not withhold your tax obligation. Mandatory withholding is not even the norm -- KS and MO don't require it, it seems only Eastern seaboard states and maybe CA do. People keep walking this back to massive fraud but more likely what anonymity will do is just allow businesses to escape onerous operating issues. E.g. having employees in some states is worse than having them in others because of those st…

Not withholding the tax is not enough. Both the employee and the employer have to lie to the government for this to work, and for an employer this means they need to falsify their financial records, because the tax agency can demand to see them. Also, anonymous transactions already exist, so cryptocurrency doesn't make this type of fraud easier or more likely.

Your employer doesn't need to lie, you need to not get audited. Even if both you and your employer lie they will have cash flow discrepancies.

As I mentioned, there are more defensible reasons for only having one party lie, like avoiding CA's (future?) claim that paying someone who lives in California implies you hired them in California and need to incorporate in California.

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