Earlier quoted context omitted.
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Any car dealer, grocery store and pharmacy accepts fiat. Does any accept Monero?
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Mastering Monero: The future of private transactions [pdf] (2019)
151–160 of 176 posts
Re: Mastering Monero: The future of private transactions [pdf] (2019)
#152Two questions:
1. Best monero wallets?
2. How to develop for monero? Links?
Re: Mastering Monero: The future of private transactions [pdf] (2019)
#153Earlier quoted context omitted.
I really like this analogy, especially if you go deep on "drug trafficking," -- a corrupted, but not "wholly corrupt" activity that has potential to be legitimized and thus there may be a need to consider something other than "legal annihilation." (as in bootlegging was also once drug-trafficking)
The government/big pharma just have a monopoly on drug trafficking. Heroin bad/Codeine good. Prozac good/marijuana bad. etc...
My point exactly; Yes, "crypto" is useful for many presently illegal activities, but on its face, it is arguably "morally neutral," so you can reasonably throw it in with "encryption," "anonymity" etc -- potentially dangerous techs that the bad guys CAN use, but also important for freedom in the face of authortarianism.
Re: Mastering Monero: The future of private transactions [pdf] (2019)
#154Earlier quoted context omitted.
Yup. It's always felt like there's a disproportionate amount of hate for crypto -- not that people should like it or love it, but that I'm surprised that tech people here don't appear to understand its inevitability. So it seems like they treat it as something to be killed (impossible) as opposed to something to buckle up and get ready to manage (more or less like they correctly do with AI.)
>inevitability I think it's the crypto bros who misunderstand it's "inevitability." Crypto has far, far fewer practical applications than the people pushing for it it claim. There are two useful situations for crypto: 1) Where you need a trustless distributed consensus method or database (and where the Oracle Problem doesn't get in your way). Trustless is the key word here, 99% of the time that someone proposes a pot…
One could quite easily construct arguments that sound exactly like this, but for encryption and/or online anonymity, for what its worth.
Re: Mastering Monero: The future of private transactions [pdf] (2019)
#155Earlier quoted context omitted.
The whole point of monero is that it's none of other people's business what I buy with my money.
Sorry maybe my question was not well asked. I don't want to know what you buy, but more generally what can be bought with it.
There's a real hobby around replica (ok, fake) designer watches. It's not always about ego and trying to present something you're not - though a lot of people use it for that. The real interest a lot of people have around it is the ~art~ of replicating something to the extreme detail that a lot of these manufacturers do. There are countless extensive posts of people reviewing the same watch from different manufacturers under microscopes and critiquing the build, quality, and accuracy to real watches.
And to be honest, I like them a lot too because they're very fashionable and look great and are iconic. But I also don't want to spend $12k+ on a watch. And also in honesty, I always present it as a replica when asked about it and usually provide the above context where appropriate.
I have no issue supporting replica manufacturers because they always represent their merchandise as replicas, and I also have no respect for intellectual property and the ridiculous practices of legitimate manufacturers.
All this to say (admittedly defensively) that Monero is used often in buying replica watches.
A friend of mine has also used it to buy drugs online (which was sent to labs for testing before using).
Re: Mastering Monero: The future of private transactions [pdf] (2019)
#156Re: Mastering Monero: The future of private transactions [pdf] (2019)
#157Earlier quoted context omitted.
The whole point of monero is that it's none of other people's business what I buy with my money.
Sorry maybe my question was not well asked. I don't want to know what you buy, but more generally what can be bought with it.
Anything someone wants to sell for it, just like any other currency.
I know youre getting frustrated with the vague responses, but that's really how it is, with all money, and Monero people are very hell bent on reminding anyone that asks about this.
You can check out https://monerica.com/ for a resource that lists services and goods and websites that accept it, not including the darknet ones, if youre into illegal drugs you'll have to find those yourself. Obligatory reminder that most illegal drugs are purchased with US dollars.
Re: Mastering Monero: The future of private transactions [pdf] (2019)
#158Earlier quoted context omitted.
It's one of the first technologies in history that enables completely private exchanges of currency. Whether you're a cryptocurrency hater or not, that's pretty cool.
> It's one of the first technologies in history that enables completely private exchanges of currency. Monero pre-dates dead drops?
> one of the
Re: Mastering Monero: The future of private transactions [pdf] (2019)
#159Monero is perhaps the only cryptocurrency that both works as advertised, and has gathered a self-sustaining userbase. No $20 transaction fees. No influencer pump and dumps. No VCs who need to extract value. No fork drama. No unrealistic roadmap. No charismatic leader boiling the frog with scope creep. It's not trying to be an investment. It's actually private. It's actually anonymous. This is all a lot of us ever wan…
I hate to burst the bubble but strategies to break Monero's anonymity have been known since 2019. It turns out that the general strategy of mixing a subset of outputs together is insufficient to provide robust privacy, even if the mix set is large (like in Lelantus). The only strategies that can provide strong anonymity for on-chain crypto are full anonymity set currencies like Zcash.
Do you happen to have sources for this claim?
Re: Mastering Monero: The future of private transactions [pdf] (2019)
#160Might also consider https://www.getmonero.org/library/ which has links for both both Mastering Monero and the more technical "Zero to Monero" [0] where they go through the maths in detail. Monero really is quite something. It is eye opening to realise there has never been a situation where one person could simply transfer wealth to someone else without anyone in the middle being able to say No. A powerful tool for li…
> It is eye opening to realize there has never been a situation where one person could simply transfer wealth to someone else without anyone in the middle being able to say No. Well, this is what the promise of Bitcoin was, but the lack of anonymity in BTC missed the mark by a few inches. Monero (and it's competitors: ZCash, Grin, Beam, MWC, ...), which IIRC uses the Mimblewimble [1] principle to preserve anonymity)…
I personally Love Mimblewimble. I'm a Monero user mostly, but I love Grin.
John Tromp has a proposal for an interactive coin shuffling protocol for Grin [0] that would negate a lot of the privacy concerns, I personally haven't fully tried to understand it and it seems pretty cumbersome to me compared to Monero. I hope to see it in action so I can get an idea of how it compares.
[0] https://forum.grin.mw/t/mimblewimble-coinswap-proposal/8322